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TSLA

Tesla is conducting a trial to increase the maximum charging rate of its Cybertrucks on certain superchargers. The trial involves V3+ stations and has shown charging rates of up to 323kW. The impact on other Tesla vehicles is not yet clear. Despite recent layoffs, Tesla continues to expand its supercharger network, with plans to invest $500 million this year.

Portfolio Pulse from Anan Ashraf

August 06, 2024 | 8:45 am

CHT

Chunghwa Telecom reported a 4.5% YoY increase in mobile subscribers to 13.42M, a 0.6% increase in broadband subscribers to 4.41M, and 9.02M fixed-line subscribers as of June 30, 2024. Mobile service revenue grew by 3.5% and fixed broadband revenue by 4.4% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:07 am

AZ

A2Z Smart Technologies Corp. (NASDAQ:AZ) has launched its new generation Cust2Mate 3.0 smart shopping carts at Franprix in Paris, marking the first deployment of this technology in the grocery chain's over 600 stores in France.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:02 am

TSLA

YouTuber Adin Ross gifted Donald Trump a Tesla Cybertruck wrapped with an image of Trump at a Pennsylvania rally. During the stream, Trump praised Elon Musk but criticized electric vehicles (EVs) for their limitations. Musk endorsed Trump and mentioned that eliminating EV subsidies would have limited impact on Tesla but be devastating for competitors. Trump softened his stance on EVs, calling them 'fantastic' due to Musk's endorsement.

Portfolio Pulse from Anan Ashraf

August 06, 2024 | 7:45 am

PLTR

Palantir Technologies Inc. (NYSE:PLTR) released its Q2 financial results, highlighting a 27% YoY increase in total revenue. CTO Shyam Sankar emphasized the company's long-term investments in foundational AI technologies and its hands-on approach. Despite a 2.63% drop during Monday's trading session, the stock surged 12.16% in after-hours trading.

Portfolio Pulse from Ananya Gairola

August 06, 2024 | 7:12 am

ALLG

Allego (NYSE:ALLG) secures a €20 million loan from the European Bank for Reconstruction and Development (EBRD) to expand its EV charging network in Poland. The project, co-funded by the European Union, aims to install over 200 EV recharging points across 50 locations, enhancing Poland's EV infrastructure.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 7:05 am

BTCUSD

El Salvador continues its plan to buy one Bitcoin per day despite market sell-offs, adding to its reserves. The country now holds 5,833.76 Bitcoins worth over $324 million. This move contrasts with Saxony, Germany, which liquidated its Bitcoin holdings. Bitcoin is currently trading at $55,623.37, rebounding 2.94% after a weekend crash.

Portfolio Pulse from Aniket Verma

August 06, 2024 | 6:59 am

ABVX

The Phase 3 ABTECT Trial evaluating obefazimod in moderately to severely active ulcerative colitis (UC) has surpassed the 600-patient enrollment milestone and is on track to reach full enrollment by early Q1 2025. Baseline participant characteristics and trial trends are consistent with observations from the Phase 2b trial.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:46 am

ESLT

Elbit Systems has secured a $270 million contract to supply rocket artillery to an international customer. This deal is expected to enhance the company's revenue and market position.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:42 am

CRWD

DAL

CrowdStrike Inc. (NASDAQ:CRWD) is facing a class action lawsuit due to a global computer outage that affected air travel, banks, hospitals, and emergency lines. The plaintiffs allege negligence in software testing and deployment, seeking compensatory and punitive damages. Delta Air Lines (NYSE:DAL) also plans to take legal action against CrowdStrike.

Portfolio Pulse from Ananya Gairola

August 06, 2024 | 6:20 am