Streetbeat News

Earnings

TSLA

Tesla, Inc. (NASDAQ:TSLA) has reduced prices of its Model 3 and Y EVs in Japan by low single-digit percentages, continuing its aggressive pricing strategy into Q3. This follows Tesla's Q2 deliveries outperformance, partly attributed to price cuts and promotional measures. However, this move may stir investor anxiety concerning demand and margins ahead of the company’s earnings report due on July 19. In premarket trading, Tesla stock was down 0.60% at $278.14.

Portfolio Pulse from Shanthi Rexaline

July 05, 2023 | 11:15 am

SYT

SYLA Technologies Co Ltd (NASDAQ:SYT) has reiterated its 2023 financial guidance and plans to boost dividends per share. The company expects revenues between $183.7 million and $198.6 million, operating income between $6.3 million and $7.3 million, and EPS between $10.11 and $12.18. SYT plans to double its dividend per share to $1.04, with a long-term target of a dividend payout of 30% of net income. The company's shares closed lower by 0.55% at $7.18 on Monday.

Portfolio Pulse from Lekha Gupta

July 05, 2023 | 11:09 am

RIVN

Rivian's stock price is trading higher following Needham's decision to raise the price target from $26 to $28. This comes after Rivian reported its Q2 production figures.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 10:12 am

TSLA

The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors on Monday. U.S. stocks closed slightly higher on Monday, with the Nasdaq Composite recording the best first half since 1983. The ISM manufacturing PMI in the U.S. declined to 46 in June. Tesla shares jumped 6.9% on Monday after the company reported strong Q2 deliveries. Investors are awaiting the release of minutes from the recent Fed’s meeting on Wednesday.

Portfolio Pulse from Lisa Levin

July 05, 2023 | 6:29 am

TSLA

Tesla's China sales rose sharply in June, with 93,680 units of Giga Shanghai-made cars delivered, marking an 18.72% increase from a year ago and 20.57% upside from April’s sales. Tesla’s Q2 sales in China hit a record of 247,217 units, accounting for over 53% of the company's global deliveries. The strong sales figure was achieved on the back of promotional schemes and is expected to boost Tesla’s automotive margins due to the production efficiency and relatively cheap labor force at the Giga Shanghai factory.

Portfolio Pulse from Shanthi Rexaline

July 04, 2023 | 4:36 pm

KRC

LI

ORLY

RIVN

TSLA

U.S. stocks ended marginally higher on Tuesday with the Dow, NASDAQ, and S&P 500 all seeing slight gains. The top trending stocks were Rivian Automotive, Li Auto, Tesla, O’Reilly Automotive, and Kilroy Realty. Rivian and Tesla reported Q2 production and delivery numbers in line with expectations, while Li Auto led in sales among Chinese EV startups. O’Reilly Automotive saw a rise in short percentage of float, indicating increased bearish sentiment. Kilroy Realty announced the release date for its Q2 2023 financial results.

Portfolio Pulse from Benzinga Newsbot

July 04, 2023 | 12:42 am

BX

A significant investor has taken a bearish stance on Blackstone (NYSE:BX), with 81% of the detected trades being bearish. The trades include 3 puts for a total of $368,064 and 8 calls for a total of $447,948. The targeted price range for Blackstone over the last 3 months is from $85.0 to $125.0. The current price of BX is up 1.93% at $94.76, and the next earnings are expected in 17 days.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 7:48 pm

V

A whale investor has taken a bullish stance on Visa (NYSE:V), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $210.0 to $250.0 for Visa over the last 3 months. The price of Visa is up 0.21% at $237.97, with RSI indicators hinting that the stock may be approaching overbought. Visa's next earnings are expected to be released in 22 days.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 5:18 pm

SDA

SunCar Technology Group has reported its FY22 results, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 4:38 pm

NIO

SDA

SunCar Technology Group Inc's shares fell by 7% following the release of its FY22 results. The company reported a 13% increase in revenue to $282.4 million but an operating loss of $12.6 million due to a one-off bad debt provision of $26 million related to COVID-19. The net loss narrowed to $11.9 million. The company also renewed its insurance intermediation service agreement with NIO Inc.

Portfolio Pulse from Lekha Gupta

July 03, 2023 | 4:37 pm