Diamonds and Dogs
3/8/23
Crowdstrike (CRWD) is up 3% on earnings. The cloud computing software firm easily beat estimates as revenues rose 47.9% to $637.4 million. Crowdstrike also raised guidance for the current quarter and full year. Crowdstrike also received a couple upgrades from Citigroup and DA Davidson as one analyst called it the top cybersecurity stock.
Tesla (TSLA) has a steering wheel problem. Tesla is down 3% to its lowest level in a month as US regulators investigating complaints that steering wheels can fall off certain Model Y vehicles while in use. The government is aware of two separate reports of a "complete detachment" of the steering wheel from the steering column in 2023 Tesla Model Y vehicles. Sudden separation apparently occurred when force was exerted on the steering wheel during use, overcoming resistance of the "friction fit" that kept the wheel in place.
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