Latest news for Vitreous Glass (OTC:VCIGF) Stock

Vitreous Glass

Vitreous Glass Inc cleans, crushes, and sells waste glass to the fiberglass manufacturing industry. The company also removes the contaminates and crushes the glass into sand and then this sand is sold to fiberglass insulation manufacturers as furnace-ready cullet for use in their production facilities. The sole source of revenue of the company is generated by providing crushed glass to its customers.

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VITREOUS GLASS INC ORD by Vitreous Glass Inc.

Vitreous Glass Inc

Wedbush Securities analyst Dan Ives has raised Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) price target to $550, signaling growing confidence in the electric vehicle manufacturer&#8217;s demand and autonomous potential under President Donald Trump&#8216;s administration. 
What Happened: Ives characterized the emerging landscape as a &#8220;golden era&#8221; for CEO Elon Musk and Tesla heading into 2025.
The price target increase comes amid complex market dynamics, including challenges in vehicle deliveries and potential policy changes. Tesla&#8217;s U.S. deliveries declined 5.6% in 2024 to 633,762 units, yet the company remains the <a href="https://www.benzinga.com/25/01/42967593/cybertruck-sales-rise-in-2024-weighed-down-on-tesla-model-s-deliveries-in-us-shows-data">dominant electric vehicle brand nationwide</a>.
Simultaneously, debates around Tesla&#8217;s future have intensified. Investor Gary Black cautioned against <a href="https://www.benzinga.com/markets/equities/25/01/42904377/tesla-bull-gary-black-warns-against-inflated-optimus-robot-assumptions-get-pounded-each-time-i-try-to-right-size-expectations">inflated expectations</a> for the Optimus robot program, estimating it could add only $0.70 to earnings per share by 2027. 
Bank of America analyst John Murphy valued the Optimus segment between $14 billion and $95 billion, representing just 2% of Tesla&#8217;s total estimated value.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We do not include Optimus yet in our valuation. Bull case is $650 &#x1f447; <a href="https://t.co/mGPSeIxK4v">https://t.co/mGPSeIxK4v</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1882079361656049883?ref_src=twsrc%5Etfw">January 22, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/earnings/25/01/43150793/nvidia-supplier-sk-hynix-soars-102-in-revenue-but-stock-slides-310-despite-ai-memory-boom">Nvidia Supplier SK Hynix Soars 102% In Revenue, But Stock Drops Despite AI Memory Boom</a>
Why It Matters: The potential elimination of the $7,500 federal electric vehicle tax credit under the Trump administration introduces additional uncertainty. While Musk previously suggested minimal impact on Tesla, Black warned of <a href="https://www.benzinga.com/markets/equities/25/01/43122855/trumps-plan-to-revoke-7500-ev-tax-credit-is-a-huge-negative-for-tesla-says-gary-black-downplays-impact-on-rivals">significant pricing challenges</a>.
Notably, Tesla&#8217;s stock performance has lagged behind market expectations, with <a href="https://www.benzinga.com/markets/equities/25/01/42904377/tesla-bull-gary-black-warns-against-inflated-optimus-robot-assumptions-get-pounded-each-time-i-try-to-right-size-expectations">fiscal 2025 and 2026 earnings estimates</a> declining 39% and 45% respectively over the past year. 
Despite these challenges, Ives remains optimistic, setting a bull case target of $650, representing a 56% increase from the current trading price, without factoring in Optimus&#8217; potential.
Price Action: Tesla stock closed at $415.11 on Wednesday, down 2.11% for the day. In after-hours trading, the stock dipped further 0.32%. Over the past year, Tesla's stock has gained 98.81%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Tesla has a <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">consensus price target</a> of $308.4, with a high of $550 and a low of $24.86. The average target from Wedbush, Piper Sandler, and Barclays is $458.33, implying a 10.77% upside.
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22215448/Screenshot-2025-01-23-at-8.24.05%E2%80%AFAM-1024x375.png" alt="" class="wp-image-745862" style="width:678px;height:auto" /></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/43150661/apples-510-billion-market-cap-drop-opens-door-for-nvidia-to-reclaim-worlds-largest-company-title-amid-iphone-makers-china-struggles">Apple&#8217;s $510 Billion Market Cap Drop Opens Door For Nvidia To Reclaim World&#8217;s Largest Company Title Amid iPhone Maker&#8217;s China Struggles</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

TSLA

Dan Ives Raises Tesla Price Target To $550, Sees 'Golden Era' For Elon Musk Under Trump, Sees Bull Case Upside Of Over 56% If Optimus Robot Counted In Valuation

BlackRock CEO Larry Fink touted Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as a tool for overcoming economic and political uncertainties on Wednesday, projecting it to rise to as much as $700,000 if the world catches up with this narrative.
What Happened: During an interview with Bloomberg on the sidelines of the World Economic Forum, Fink stated that Bitcoin could serve as a hedge against local fears related to currency debasement and political instability.
&#8220;If you&#8217;re frightened of the debasement of your currency or you&#8217;re frightened of the economic or political stability of your country, You could have an internationally based instrument called Bitcoin that will overcome those local fears, &#8221; the CEO of the world&#8217;s largest asset manager said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;Crypto is a currency of fear&#8230;you can have an internationally based instrument called bitcoin that will overcome those local fears,&quot; <a href="https://twitter.com/BlackRock?ref_src=twsrc%5Etfw">@BlackRock</a>&#39;s Larry Fink talks crypto&#39;s ability to withstand economic and political instability. <a href="https://twitter.com/hashtag/BloombergHouse?src=hash&amp;ref_src=twsrc%5Etfw">#BloombergHouse</a> <a href="https://twitter.com/hashtag/WEF25?src=hash&amp;ref_src=twsrc%5Etfw">#WEF25</a> &#x23ef;&#xFE0F;<a href="https://t.co/2Bkhd9o3JY">https://t.co/2Bkhd9o3JY</a> <a href="https://t.co/2ZwVmMFS3W">pic.twitter.com/2ZwVmMFS3W</a>
&mdash; Bloomberg Live (@BloombergLive) <a href="https://twitter.com/BloombergLive/status/1882102462259114009?ref_src=twsrc%5Etfw">January 22, 2025</a></blockquote>
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He also mentioned discussions he regularly has&nbsp;with the sovereign wealth funds&nbsp;about the possibility of allocating 2% to 5% of their portfolio to Bitcoin.
&#8220;If everybody adopted that conversation, you know, it would be $500,000, $600,000, $700,000 per Bitcoin,&#8221; Fink made a bold prediction.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43119637/michael-saylors-proposal-to-increase-microstratagys-share-count-approved-by-shareholders-more-bitcoin-purchases-on-the-cards">Michael Saylor&#8217;s Proposal To Increase MicroStratagy&#8217;s Share Count Approved By Shareholders — More Bitcoin Purchases On The Cards?</a>
Why It Matters: Fink&#8217;s views on Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40937953/larry-fink-defies-blackrocks-largest-shareholder-to-make-a-bold-bet-on-bitcoin-heres-how-h">have evolved with time</a>. Back in 2017, he famously said, "Bitcoin just shows you how much demand for money laundering there is in the world."
The skepticism has given way to endorsement in recent years. In October, Fink deemed <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41323418/blackrock-ceo-larry-fink-says-bitcoin-other-cryptos-have-bright-future-regardless-of-wheth">Bitcoin a unique asset class</a>, comparable to commodities like gold, and predicted an expansion in its investment appeal.
His firm BlackRock recently <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42463001/blackrock-advocates-for-2-bitcoin-allocation-in-multi-asset-portfolios">suggested a &#8220;reasonable range&#8221; for Bitcoin allocation</a> in multi-asset portfolios to be between 1% and 2%.
The company debuted its U.S. spot Bitcoin exchange-traded fund, iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>), last year, which ended up <a href="https://www.benzinga.com/24/12/42737368/blackrocks-bitcoin-fund-breaks-records-with-historic-etf-launchwill-it-surpass-the-worlds-biggest-gold-etf-in-january">becoming the most successful ETF launch</a> in history.
Price Action: At the time of writing, Bitcoin was exchanging hands at $102,438.56, down 2.93% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. 
Image via Flickr/ Jolanda Flubacher
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43118234/president-trump-signs-executive-order-to-pardon-silk-road-creator-ross-ulbricht">President Trump Signs Executive Order To Pardon Silk Road Creator Ross Ulbricht</a></li>
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$BTC

Blackrock CEO Larry Fink Says Bitcoin Could Rise To $700,000 On Fiat Fears: 'If You're Frightened Of The Debasement…'

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