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CHPT

EVGO

TSLA

Tesla, Inc. (TSLA) has significantly outpaced competitors ChargePoint Holdings, Inc. (CHPT) and EVgo Inc (EVGO) in the installation of fast chargers, adding 6,000 in 2023 while CHPT and EVGO added only 410 and 850, respectively. Tesla's unique connector design gives it a competitive edge. ChargePoint experienced a market value decline and a CEO change, with new CEO Rick Wilmer citing economic uncertainty as a reason for customers' reluctance to invest in chargers. U.S. public charging stations are behind BloombergNEF's 2023 forecast by 76%, and the U.S. is expected to trail China and Europe in charging infrastructure. CHPT and EVGO stocks are trading lower premarket, as is TSLA.

Portfolio Pulse from Nabaparna Bhattacharya

January 09, 2024 | 12:33 pm

U

Unity Software Inc. (NYSE:U) is reportedly laying off about 25% of its workforce, affecting around 1,800 employees. This decision is part of Unity's recovery efforts following a difficult period marked by customer backlash over new fees, the departure of CEO John Riccitiello, and missed revenue forecasts. The company previously cut 265 jobs and closed offices in November 2023 as part of a strategic reset. Unity aims to become a leaner and more agile company.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 12:12 pm

TSLA

Elon Musk and Mark Cuban engaged in a social media debate over diversity and inclusion (DEI) practices, with Musk criticizing DEI mandates in the airline industry and calling Cuban a racist. The debate reflects contrasting views on DEI initiatives, with Cuban defending them as a means to uncover untapped talent and Musk appearing skeptical. The discussion follows the departure of Claudine Gay from Harvard and is part of a broader conversation on DEI.

Portfolio Pulse from Navdeep Yadav

January 09, 2024 | 11:53 am

CRRFY

PEP

PepsiCo Inc (NASDAQ:PEP) clarified that it initiated the breakup with Carrefour (OTC:CRRFY), contrary to previous reports. The split is due to a deadlock in contract negotiations over price increases. PepsiCo's decision to stop supplying Carrefour's European stores is a response to Carrefour's announcement to stop selling PepsiCo products in France, Italy, Spain, and Belgium. The dispute is significant as it involves approximately 0.25% of PepsiCo's global revenue and occurs amidst French government pressure on suppliers to lower prices due to high food inflation.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 11:37 am

SKLZ

Skillz Inc. has announced that Jason Roswig will step down as CFO. Gaetano Franceschi has been appointed as the new CFO, according to an 8-K filing.

Portfolio Pulse from Charles Gross

January 09, 2024 | 11:33 am

GRFS

Grifols has responded to allegations made by Gotham City Research about the company's accounting and financial disclosure practices, categorically denying any wrongdoing. Grifols emphasizes its commitment to transparency and ethical conduct, stating that all significant transactions are fully disclosed and audited by a big-four firm, which has consistently issued unqualified audit reports.

Portfolio Pulse from Charles Gross

January 09, 2024 | 10:27 am

TCEHY

ByteDance, the parent company of TikTok, is in discussions to sell its gaming assets, including its gaming unit Nuverse and games 'Crystal of Atland' and 'Earth: Revival', to Tencent Holdings Ltd (OTC:TCEHY). The talks follow ByteDance's decision to exit the gaming market and focus on other strategic areas. Tencent has previously advertised its game 'DreamStar' through ByteDance's ad network, indicating a warming relationship between the two companies.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 6:26 am

OVLY

Oak Valley Community Bank, a subsidiary of Oak Valley Bancorp (NASDAQ:OVLY), has announced the promotion of Jeff Gall to Executive Vice President, Chief Financial Officer. Additionally, Kim Booke and Theresa Roland have been promoted to Executive Vice President, Chief Risk Officer, and Executive Vice President, Chief Human Resources Officer, respectively.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:23 am

AAPL

Apple Inc.'s iPhone production in India has surpassed $13.5 billion, exceeding the targets of India's production-linked incentive scheme. This achievement underscores India's growing role in global supply chains and Apple's increasing market share in the country, which has risen from 2% in FY18 to 6% in FY23. Apple's revenues in India have also increased significantly, from $1.8 billion to $6.7 billion during this period. The company is expanding its network of Indian suppliers, including a unit of the Tata Group.

Portfolio Pulse from Shomik Sen Bhattacharjee

January 09, 2024 | 5:35 am

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ: TSLA), refuted claims that former director Linda Johnson Rice left the company due to his drug use. Musk stated that Johnson simply completed her term. The allegations of Musk's drug use, including substances like ketamine, LSD, cocaine, and ecstasy, were not investigated by the board. Musk also mentioned that he had undergone three years of random drug testing for NASA with no issues. He criticized the media outlet reporting these allegations.

Portfolio Pulse from Anan Ashraf

January 09, 2024 | 4:37 am