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This Week in Tech: Tesla, Apple, Amazon, and More

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Although it isn’t tech earnings season yet, it has nevertheless been an action packed week for technology giants. In this article, we take a closer look at the key events that occurred to Tesla Motors Inc (NASDAQ:TSLA), Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc (NASDAQ:GOOG), and Microsoft Corporation (NASDAQ:MSFT) and examine how elite funds are positioned.

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Critics Say Tesla is Too Early; Musk Defends

After several high profile self-driving accidents, several detractors, including Consumer Reports blamed Tesla Motors Inc (NASDAQ:TSLA) for being too aggressive in adopting self-driving technology this week. Predictably, anti-luddite and futurist Elon Musk defended self-driving tech, stating that the tech saves lives when doing the math. Musk has no plans to turn off the auto-pilot feature in Tesla cars. In a related matter, the SEC is investigating Tesla over whether the company failed to disclose material information concerning the self driving accidents before the company’s billion dollar secondary. Despite the troubles, Tesla is moving forward. The company scrapped its buyback guarantee that ensured a certain value of a vehicle this week to lower the price of its products. Elon Musk has also promised to unveil his master plan for Tesla Motors Inc (NASDAQ:TSLA) in the near future. The number of funds tracked by Insider Monkey with holdings in Tesla Motors Inc (NASDAQ:TSLA) rose by 10 quarter-over-quarter to 39 at the end of March.

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Apple TV in the Spotlight

Given that iPhone demand is no longer white hot, Apple Inc. (NASDAQ:AAPL) is increasingly looking to other markets to diversify its cash stream and the online TV industry could be a potential match. According to The Hollywood Reporter, talent agents are very excited about Apple Inc. (NASDAQ:AAPL)’s plans in the space. Although executive Eddy Cue said that Apple isn’t on the look out for a major movie studio and won’t directly compete against Netflix, the company does have major plans to better connect consumers with content creators and build a better product than the traditional cable box. That could mean substantial investments in the sector and potentially meaningful profits that move the needle for Apple. Apple not considering buying a movie studio could be a good move. Sony buying a movie studio during its prime to sell more products didn’t really pay off. Ken Fisher’s Fisher Asset Management is a major holder of Apple.

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On the next page, we examine Amazon.com, Alphabet, and Microsoft Corporation.

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