TSLA - Midday Hot Stocks: flying cars for TSLA? PGR earnings GPS spin-off speculation SERA's IPO falls flat

monsitj/iStock via Getty Images Ready for flying cars? Morgan Stanley sure is, speculating that the product could be part of Tesla's (TSLA) long-term plans. Turning to more conventional catalysts, Progressive (PGR) suffered a sell-off in the wake of its quarterly results. Gap (GPS) also lost ground during Thursday's midday trading, hurt by rumors of a potential Athleta spinoff. It was a bad start to a Wall Street career for Sera Prognostics (SERA), as the stock plunged following its IPO. Meanwhile, Oatly (OTLY) continued its recent slide, motivated by accusations made by a prominent short seller. Morgan Stanley analyst Adam Jonas thinks Tesla will ultimately develop UAM (urban air mobility) products. However, Jonas acknowledged that the company has not discussed the market in detail. Wall Street largely ignored the speculation, with TSLA dipping 1% in Thursday's midday action. Progressive reported quarterly financial figures that included disappointments on both the earnings and

For further details see:

Midday Hot Stocks: flying cars for TSLA? PGR earnings, GPS spin-off speculation, SERA's IPO falls flat