Streetbeat News

Labor Issues

TSLA

Elon Musk criticized the generic nature of Tesla's ads following the layoff of its U.S. marketing team, part of a 10% companywide reduction. Despite traditionally avoiding advertising, Tesla experimented with ads on various platforms but plans to limit spending to areas with low market share. Analysts are divided on this strategy, with some advocating for increased advertising over price cuts. Meanwhile, anti-Tesla ads by The Dawn Project criticized the safety of Tesla's FSD software.

Portfolio Pulse from Anan Ashraf

April 23, 2024 | 6:27 am

LU

David Siu Kam Choy has resigned as CFO of Lufax for personal reasons. Peiqing Zhu will replace him as CFO and Board Secretary, effective April 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:59 pm

ISUN

iSun, Inc. (NASDAQ:ISUN) announces a strategic restructuring of its executive team, appointing Jeff Peck as CEO and Rob Vanderbeek as Interim CFO, effective immediately. This move aims to drive innovation, enhance operational efficiency, and ensure sustained performance. The restructuring reflects iSun's commitment to leadership in the solar energy and clean mobility infrastructure industry. Jeff Peck's deep understanding of the business and Rob Vanderbeek's extensive experience in restructuring and corporate finance are highlighted as key to navigating market dynamics and pursuing strategic opportunities.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:06 pm

SCPX

Scorpius Holdings, Inc (SCPX) received a notice from NYSE Regulation for not complying with listing standards due to the late filing of its Form 10-K for the year ended December 31, 2023. The delay was attributed to finance staff turnover and the need for additional time to complete revenue recognition calculations for certain contracts. CEO Jeff Wolf expressed regret over the delay and a commitment to high standards of financial reporting and governance.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:05 pm

LIND

Lindblad Expeditions Holdings announced the departure of Craig Felenstein, its Chief Financial Officer, effective May 31, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:56 pm

ADM

Vikram Luthar, former CFO of Archer-Daniels-Midland (ADM), has agreed to resign effective September 30, as reported by Dow Jones.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:27 pm

BA

Boeing has announced a slower increase in the production and delivery rate of its 787 model due to supplier shortages of a few key parts, despite planning to steadily increase its rate to meet strong demand, according to a memo to South Carolina workers.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 7:54 pm

BMWYY

HYMTF

MBGYY

NSANY

TM

TSLA

VWAGY

UAW President Shawn Fain announced the continuation of a $40M campaign to unionize autoworkers at 35 non-union U.S. plants of major automakers including Volkswagen, Mercedes-Benz, Tesla, BMW, Toyota, Nissan, and Hyundai, following a significant union victory at a Volkswagen plant in Tennessee. This win represents the union's first success in a Southern car facility owned by a foreign auto manufacturer, with a scheduled election at two Mercedes-Benz plants in Alabama next.

Portfolio Pulse from Anthony Noto

April 22, 2024 | 6:31 pm

CHPT

RIVN

TSLA

ChargePoint Holdings Inc (NYSE:CHPT) shares fell 6.3% to $1.28, hitting a new all-time low amid a broader EV sector downturn, influenced by Tesla Inc's decision to cut vehicle prices and Rivian Automotive Inc's workforce reduction by 1% due to industry slowdown. The article also provides guidance on how to buy or short CHPT stock.

Portfolio Pulse from Henry Khederian

April 22, 2024 | 5:57 pm

DIS

PENN

Aaron LaBerge, the CTO of Disney Entertainment and ESPN, is set to leave Disney for personal reasons and will join Penn Entertainment as CTO. His departure continues the trend of veteran executives leaving Disney. LaBerge has played a crucial role in developing Disney's streaming services, including the integration of advertising into Disney+ and the unification of Hulu and Disney+ into one application. His move to Penn Entertainment, where he will drive the technology strategy for ESPN Bet and other interactive divisions, is seen as a continuation of his contributions to Disney and ESPN. A search for his replacement is underway, with Chris Lawson stepping in as interim CTO.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 5:49 pm