Streetbeat News

Marketing

TSLA

Tesla Inc (NASDAQ:TSLA) has discontinued the $250 discount for new car purchases using a referral code. Instead, Model 3 and Y buyers will now receive 6 months of free supercharging and 3 months of full self-driving (FSD) capability. Model S and X buyers will get 3 months of FSD only. The change could still result in savings for new Model 3/Y owners, while referrers will continue to earn 10,000 credits per referral.

Portfolio Pulse from Anan Ashraf

November 13, 2023 | 4:51 am

NFLX

Netflix Inc. (NASDAQ:NFLX) is expanding its mobile gaming catalog by adding the award-winning game 'Hades' in 2024. The game, developed by Supergiant Games, will debut exclusively on Netflix's mobile platform, initially only on iOS. Netflix's mobile game library has grown to over 63 titles since its launch in November 2021, indicating the company's ambition to capture a larger share of the gaming market.

Portfolio Pulse from Ananya Gairola

November 13, 2023 | 2:48 am

AAPL

GOOG

GOOGL

Alphabet Inc.'s CEO Sundar Pichai shared the top five most searched questions on Google about Diwali, reflecting global interest in the Indian festival. Apple CEO Tim Cook and NASA also extended Diwali greetings, with Cook sharing an iPhone 15 Pro Max photo.

Portfolio Pulse from Ananya Gairola

November 13, 2023 | 1:48 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) has updated its 'Motor Vehicle Order Agreement' for the Cybertruck, including a clause that prohibits buyers from reselling the vehicle within the first year of purchase. If a buyer breaches this provision, Tesla may seek $50,000 in liquidated damages or the sale value, whichever is greater. The company may also refuse to sell any future Tesla EVs to the user. This move has sparked mixed reactions on social media, with some supporting the decision to prevent flipping for profit, while others question the enforceability of the agreement. The Cybertruck is expected to significantly boost Tesla's sales volume and have a halo effect on other models, despite Elon Musk's caution about the ramp-up difficulty.

Portfolio Pulse from Shanthi Rexaline

November 12, 2023 | 4:47 pm

BAC

DIS

META

TSLA

Barron's weekend stock picks include Tesla, Li Auto, Meta, and Bank of America. Tesla is exploring new sales strategies by listing EVs on Cars.com. Bank of America's stock is down, but insider buying suggests confidence. Disney's strong earnings may not satisfy activist Peltz. Li Auto's sales growth in China outpaces Tesla's, and Meta partners with Tencent to re-enter China with VR headsets.

Portfolio Pulse from Justin Chan

November 11, 2023 | 9:20 pm

FSR

Fisker Inc. has opened the Fisker Lounge NYC, its first retail space on the US East Coast, to showcase the all-electric Fisker Ocean SUV. Located in New York City's Meatpacking District, the lounge aims to educate customers on sustainability from vehicle design to end of use. Fisker plans to open more lounges and Center+ locations globally. The company emphasizes its commitment to creating sustainable electric vehicles and expanding its retail footprint.

Portfolio Pulse from Benzinga Newsdesk

November 11, 2023 | 8:02 pm

AAPL

BABA

LRLCF

LULU

NKE

PDD

China's Singles' Day, a massive shopping event, outperforms the U.S. Black Friday with significant growth and sales. Major e-commerce players like Alibaba, JD.Com, and PDD Holdings participate, with global brands such as Nike, Lululemon, Estee Lauder, Procter & Gamble, Apple, and L'Oreal benefiting from their presence on Alibaba's Tmall platform. Despite past successes, some brands are cautious about this year's event due to a softer market trend.

Portfolio Pulse from Nabaparna Bhattacharya

November 11, 2023 | 6:20 pm

AMZN

NKE

Nike Inc. (NYSE:NKE) has hired Muge Erdirik Dogan, an Amazon.com Inc. (NASDAQ:AMZN) veteran, as its new Chief Technology Officer (CTO). Dogan, who previously served as President of Amazon Fashion, brings 16 years of experience at Amazon to Nike, aligning with the company's strategy to enhance direct online sales and digital technology in retail. Nike's CEO, John Donahoe, expressed confidence in Dogan's ability to drive growth and innovation while maintaining focus on athletes and consumers. The news comes as Amazon announces the closure of its Amazon Style stores and Nike faces legal challenges with competitors over patent infringements.

Portfolio Pulse from Ananya Gairola

November 11, 2023 | 3:06 am

AAPL

AMZN

Apple Inc. (AAPL) has reportedly made a special arrangement with Amazon.com Inc. (AMZN) to ensure a cleaner presentation of its products on Amazon's website, with fewer ads for competing products displayed on Apple's product pages. This agreement, stemming from a 2018 deal allowing Apple to sell directly on Amazon, was highlighted in an internal email from Amazon's then-retail CEO, Jeff Wilke. The FTC is currently suing Amazon for using 'irrelevant junk ads' to increase ad revenue, a practice allegedly initiated by founder Jeff Bezos.

Portfolio Pulse from Rounak Jain

November 11, 2023 | 3:00 am

TSLA

Tesla Model Y and Model 3 were listed on Cars.com, which is unusual as Tesla typically sells new cars exclusively through its own website. Elon Musk, CEO of Tesla, expressed that he was unaware of the listings. The incident raises questions about Tesla's marketing strategies. Additionally, Tesla recently recalled some Model S and Model X vehicles due to airbag installation issues and reduced prices for certain models, which received mixed reactions from the community and analysts.

Portfolio Pulse from Ananya Gairola

November 11, 2023 | 1:59 am