Here’s Why Amazon, Tesla, and Three Other Stocks Are Trending Today

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Musk Standing Firm With Self-Driving Tech

According to the Wall Street Journal, despite several high profile accidents due to self-driving technology in recent months, Tesla Motors Inc (NASDAQ:TSLA) has ‘no plans to disable’ the autopilot function in its cars. Tesla will instead increase education on how to properly use the technology as a supplement to regular driving. Although some have criticized Tesla for adopting the technology too early, Musk defended his company’s decision stating, ‘we knew we had a system that on balance would save lives’. In other news, analysts at Morgan Stanley speculate that Tesla’s soon-to-be-released master plan will include an ‘on-demand mobility service’ that could make it a competitor to Uber. At the end of the first quarter, 39 investors tracked by Insider Monkey owned shares of Tesla Motors Inc (NASDAQ:TSLA), up by 10 funds from the previous quarter.

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Fiat Seeks White Hat Help

Fiat Chrysler Automobiles NV (NYSE:FCAU) is seeking the help of the ‘good’ hacker community by implementing a bug bounty initiative where the company will pay hackers $150 to $1,500 for each cyber-security flaw they find and disclose to the company. Hackers famously showed that they could hack into a moving Jeep last year. Given the increase in automation and connectivity of cars, good cyber-security will be very important going forward. A total of 28 funds among those we track owned shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) at the end of March.

Disclosure: None


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