Calling turtle taxi drivers: conservation groups seek volunteers to protect slow-moving reptiles
It's World Turtle Day, and conservationists are looking for turtle taxi drivers to help protect animals that may venture onto roads in the spring.
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CTV News
3 hours ago
- CTV News
Tesla shares clawed back from steep losses after Trump-Musk war of words
A war of words is beginning to emerge between U.S. President Trump and Elon Musk following the billionaire's White House exit. Joy Malbon has the details. Tesla shares clawed back from steep losses as a war of words between CEO Elon Musk and U.S. President Donald Trump appeared to cool, easing investor worries about the likely political fallout on the electric automaker. Shares rose about five per cent in early trading. Politico had reported Musk and Trump were expected to speak on Friday, but a White House official told Reuters there were no plans for a call. Musk signalled on his X social media platform he was open to easing tensions with Trump, agreeing with comments from hedge fund manager Bill Ackman calling for a detente. The spat between the world's most powerful man and its richest erased more than US$150 billion from Tesla's market value on Thursday, the company's biggest drop in one session. Short-sellers, or investors betting against the stock, pocketed nearly $4 billion from the drop, the second-biggest single-day of profit on record, according to data from Ortex. Tensions escalated after Musk stepped up criticism of Trump's sweeping tax and spending bill, which proposes largely ending the popular $7,500 EV tax incentive by the end of 2025. In response, Trump suggested cuts to the government's contracts with Musk's companies, including rocket maker SpaceX. 'It might be a bit too hopeful to think their relationship will ever go back to what it once was, but if cooler heads prevail and the tension eases, that would definitely be a big improvement for Tesla,' said Tesla shareholder Matthew Britzman, who is an analyst at Hargreaves Lansdown. Lofty stock valuation An open clash with Trump could pose multiple hurdles for Tesla and the rest of Musk's sprawling business empire. The U.S. Transportation Department regulates vehicle design standards and would have a big say in whether Tesla can mass-produce robotaxis without pedals and steering wheels. Tesla did not immediately respond to a request for comment on the call. Tesla stock is down 29.5 per cent this year after a 14 per cent drop on Thursday. Still, the shares trade at 120 times expected earnings, a lofty multiple compared to other automakers and even tech giants such as Nvidia. The shares have been on a turbulent ride since last July when Musk backed Trump's White House bid. They surged initially as investors bet on less regulatory pressure for robotaxis, but tumbled due to soft sales and brand fallout from Musk's political stance. Some analysts said the rift was likely to blow over as it would be detrimental to both the president and his biggest backer. 'Those are obviously threats that are unlikely to come into fruition,' said City Index analyst Fiona Cincotta. 'I don't expect this to blow out into anything more serious than a war of words for a couple of days.' (Reporting by Akash Sriram and Shashwat Chauhan in Bengaluru, Amanda Cooper and Samuel Indyk in London; Additional reporting by Purvi Agarwal; Editing by Sherry Jacob-Phillips, Tomasz Janowski and Arun Koyyur)
Globe and Mail
6 hours ago
- Globe and Mail
Here's Why Aehr Test Systems Surged Again This Week
Shares in Aehr Test Systems (NASDAQ: AEHR) rose another 15.9% in the week to Friday morning. The move marks another wave of optimism for its potential to diversify away from its core silicon carbide (SiC) wafer-level burn-in (WLBI) test solutions and into new markets such as the gallium nitride (GaN) WLBI market. Why developing new markets matters Not only would diversification help reduce dependence on the SiC WLBI market (where ON Semiconductor is traditionally a major customer for Aehr), it would also move Aehr Test Systems into a GaN market that appears to be building momentum. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » The good news is Aehr disclosed that three of its four customers, each of which represented more than 10% of its revenue in the third quarter, were in artificial intelligence processors and in the GaN WLBI market on its recent earnings call. The latter is pertinent considering that Navitas Semiconductor recently said it had been selected to collaborate with Nvidia to develop GaN and SiC chips for the next-generation data center architecture. The news sent Navitas stock soaring, and this week Navitas also said it had a partnership in place to develop SiC chips with BrightLoop. Navitas and Aehr Test Systems All of which raises the question whether Navitas is one of the customers Aehr's management mentioned recently. Confidentiality agreements preclude disclosure, but at a recent William Blair conference, the moderator referenced the Navitas/Nvidia collaboration when introducing Aehr CEO Gayn Erickson. Erickson didn't deny that Navitas is a customer. That's way short of a strong conclusion that Navitas is a significant Aehr customer, and Sherlock Holmes would blush at the logic, but it's probably what's driving the stock higher this week. Should you invest $1,000 in Aehr Test Systems right now? Before you buy stock in Aehr Test Systems, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Aehr Test Systems wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor 's total average return is789% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 2, 2025
CTV News
7 hours ago
- CTV News
Tesla shares rebound as Musk–Trump row shows signs of cooling
Tesla shares clawed back from steep losses on Friday, as a war of words between CEO Elon Musk and U.S. President Donald Trump appeared to cool amid report that White House aides were scheduling a call to help broker peace. Shares were up 5 per cent in premarket trading after Musk signalled on X he was open to easing tensions with Trump, agreeing with comments from hedge fund manager Bill Ackman calling for a detente. The spat between the world's most powerful man and its richest erased more than US$150 billion from Tesla's market value on Thursday, the company's biggest drop in one session. Short-sellers, or investors betting against the stock, pocketed nearly $4 billion from the drop, the second-biggest single-day of profit on record, according to data from Ortex. Tensions escalated after Musk stepped up criticism of Trump's sweeping tax and spending bill, which proposes largely ending the popular $7,500 EV tax incentive by the end of 2025. In response, Trump suggested cuts to the government's contracts with Musk's companies, including rocket maker SpaceX. 'It might be a bit too hopeful to think their relationship will ever go back to what it once was, but if cooler heads prevail and the tension eases, that would definitely be a big improvement for Tesla,' said Tesla shareholder Matthew Britzman, who is an analyst at Hargreaves Lansdown. Lofty stock valuation An open clash with Trump could pose multiple hurdles for Tesla and the rest of Musk's sprawling business empire. The U.S. Transportation Department regulates vehicle design standards and would have a big say in whether Tesla can mass-produce robotaxis without pedals and steering wheels. Tesla stock is down 29.5 per cent this year after a 14 per cent drop on Thursday. Still, the shares trade at 120 times expected earnings, a lofty multiple compared to other automakers and even tech giants such as Nvidia. The shares have been on a turbulent ride since last July when Musk backed Trump's White House bid. They surged initially as investors bet on less regulatory pressure for robotaxis, but tumbled due to soft sales and brand fallout from Musk's political stance. Some analysts said the rift was likely to blow over as it would be detrimental to both the president and his biggest backer. 'Those are obviously threats that are unlikely to come into fruition,' said City Index analyst Fiona Cincotta. 'I don't expect this to blow out into anything more serious than a war of words for a couple of days.' Reporting by Akash Sriram and Shashwat Chauhan in Bengaluru, Amanda Cooper and Samuel Indyk in London; Additional reporting by Purvi Agarwal; Editing by Sherry Jacob-Phillips, Tomasz Janowski and Arun Koyyur, Reuters
