• GRIT
  • Posts
  • Elon Musk Said What?

Elon Musk Said What?

Apple, NYC, Elon

Grit Logo

Good Morning!

Happy Tuesday! Let’s see what is moving markets:

👉Apple’s major tech event

👉 NYC real estate disappointment

👉Elon Musk’s wild comments

APPLE: Major Tech Event

Apple grabbed the tech world's attention at its annual Worldwide Developers Conference. The big highlight was the launch of Apple Intelligence, a new AI-powered platform designed to enhance user experience across all Apple devices.

Source: Apple

This system will integrate with iOS 18, iPadOS 18, and macOS Sequoia, bringing more personalization and efficiency. Apple also announced a partnership with OpenAI to improve its AI capabilities, integrating ChatGPT into Apple’s ecosystem for smarter voice commands and predictive suggestions. Additionally, Apple introduced various updates to its existing software and hardware.

🎯 GRIT TAKE: Apple's WWDC highlighted Tim Cook's focus…upgrade to VIP now to read the full GRIT Take!

NYC: Real Estate Disappointment

A New York City office building owned by a Related Cos. affiliate is being sold at a significant discount. Empire Capital Holdings and Namdar Realty Group agreed to purchase 321 W. 44th St. for under $50 million, a 67% discount from the $153 million Related paid in 2018. The short sale was made for less than the outstanding mortgage amount, over $100 million.

Source: SquareFoot

The 10-story building in Hell’s Kitchen has about 220,000 square feet and tenants like Battery Studios and ad agency AKA. CBRE managed the sale, but all parties declined to comment. Office values across the US have dropped due to rising borrowing costs and remote work. Older buildings struggle to fill space, and short sales are becoming more common.

MUSK: Wild Comments

Elon Musk, CEO of Tesla and SpaceX, threatened to ban Apple devices from his companies after Apple announced a partnership with OpenAI. On his social media platform X, Musk called the integration "an unacceptable security violation" and criticized Apple for not understanding the risks.

Source: CNN

He warned that if OpenAI is integrated at the OS level, Apple devices would be banned from his companies, and visitors would need to check their Apple devices at the door.

Chart of the Day

📊Big Bubbles

Source: GS Investing

GRIT Meme of the Day 😂

Tag GRIT Capital on social media for a chance to be featured in our meme or Tweet of the day in our GRIT daily newsletter! 👇

Source: @wallstmemes

Don’t follow us on social yet? Follow us on Instagram, TikTok, and Twitter.

The author, publisher or insiders of the publisher may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.

Grit is a publisher of financial information, not an investment advisor. Grit does not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient. Grit does not guarantee the accuracy or completeness of the information provided in this page. All statements and expressions herein are the sole opinion of the author or paid advertiser.

THE INFORMATION CONTAINED ON THIS WEBSITE IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE, AND DOES NOT PURPORT TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE SECURITIES OF ANY COMPANY MAY TRADE AT ANY TIME. THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION. INVESTORS SHOULD MAKE THEIR OWN INVESTIGATION AND DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN. INVESTORS SHOULD OBTAIN INDIVIDUAL INVESTMENT ADVICE BASED ON THEIR OWN CIRCUMSTANCES BEFORE MAKING AN INVESTMENT DECISION

No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned.

The author, publisher or insiders of the publisher may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.

Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable. They are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur. Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein. The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and Grit undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material.

Grit does not accept any liability whatsoever for any direct or consequential loss, however arising, directly or indirectly, from any use of the information contained herein.

By using the Site or any related social media account, you are indicating your consent and agreement to this disclaimer and our terms of use. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.

If you have any questions please contact us at info@gritcap.io

Join the conversation

or to participate.