Tesla (TSLA) – A play on competition in the electric vehicle space which continues to increase. On Wednesday, Berkshire Hathaway Vice Chair and Warren Buffett’s long-time business partner, Charlie Munger, discussed why he and Buffett prefer one of Tesla’s Chinese competitors, BYD. “BYD is so much ahead of Tesla in China, it’s almost ridiculous,” according to Munger. Munger pointed out BYD has raised prices for its vehicles in China while Tesla has had to cut prices multiple times. Berkshire owns almost 14% of BYD.
TravelCenters of America (TA) – Thursday morning’s biggest winner. Shares were up about 70% following news BP will buy the company for $86 per share.
Coinbase (COIN) – The company will report quarterly results on Tuesday of next week.
Restaurant Brands (QSR) – A play on an upcoming potential catalyst. The exec could discuss an outlook for Restaurant Brands; management outlook could move the stock.
Veritone (VERI) – A play on conversational artificial intelligence (AI). The company unveiled Thursday morning its Veritone Generative AI, an enterprise-grade platform as a service focused on conversational AI.