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BYDDY

F

GM

TSLA

BYD Company (OTC:BYDDY) is poised to surpass Tesla Inc. (NASDAQ:TSLA) in annual electric vehicle sales in 2024 due to growing demand in China, while demand in the U.S. and Europe wanes. Tesla reported its fourth consecutive quarter of disappointing profits and warned of a lower growth rate in 2024. Legacy automakers like General Motors Co. (NYSE:GM) and Ford Motor Co. (NYSE:F) may benefit from sustained profits in internal combustion engines and hybrids.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 2:00 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) has received its second approval for a medical marijuana extract in Portugal, specifically for its Tilray Oral Solution THC10:CBD10. This follows previous approvals for other cannabis products in Portugal and Germany. Tilray's shares were trading 1.07% lower at $1.87 during Wednesday’s pre-market session.

Portfolio Pulse from Nina Zdinjak

July 24, 2024 | 1:59 pm

LUMN

MSFT

Microsoft's AI assistant, Copilot, is under scrutiny as the company prepares to report its earnings. Early adopters like Ernst & Young and Lumen Technologies have had mixed experiences with the tool, which aims to automate tasks and enhance productivity. Despite its current limitations, Microsoft remains optimistic about Copilot's potential, though widespread adoption and significant financial impact are not expected until 2025.

Portfolio Pulse from Benzinga Neuro

July 24, 2024 | 1:47 pm

PLNH

Planet 13 Holdings Inc. (OTCQX:PLNH) is expanding beyond cannabis by launching a non-cannabis lifestyle brand and sponsoring MMA star Chito Vera. This move aims to increase brand awareness and create additional revenue streams.

Portfolio Pulse from Jelena Martinovic

July 24, 2024 | 1:45 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP) has announced the successful upgrade of its K5 Autonomous Security Robot to its fifth generation at a multifamily residential community in San Diego, California. This upgrade is part of Knightscope's strategy to reach profitability.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:39 pm

GROM

Grom Social Enterprises Inc.'s subsidiary, Top Draw Animation, has secured additional assignments worth over $1 million. This follows the commencement of projects valued at over $2.9 million in May 2024.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:34 pm

IREN

Iris Energy Limited (NASDAQ:IREN) shares are trading higher after the company announced an increase in power capacity by 150MW at its Childress site, bringing the total to 750MW. This expansion raises the company's total secured grid-connected power capacity to 2,310MW. Iris Energy also provided a business update, highlighting a strong cash position and zero debt, and noted that its 2024 expansion is fully funded. The company is set to report its Q2 financial results on August 5.

Portfolio Pulse from Adam Eckert

July 24, 2024 | 1:24 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares are trading lower following the company's second-quarter financial results. Despite a revenue increase of 2% year-over-year to $25.5 billion, Tesla missed earnings estimates with adjusted earnings of 52 cents per share. Automotive revenue fell 7% year-over-year, and vehicle production and deliveries were down. Tesla expects slower vehicle growth in 2024. Analysts have adjusted their price targets, and CEO Elon Musk is considering a $5 billion investment in his AI startup xAI.

Portfolio Pulse from Adam Eckert

July 24, 2024 | 1:22 pm

IBIT

A Bitcoin-oriented startup has launched the 'Unbound Fund,' allowing Bitcoin holders to acquire Portuguese citizenship by investing €500,000 ($542,000) in BlackRock's iShares Bitcoin Trust (NASDAQ:IBIT). This fund combines cryptocurrency investment with the benefits of European residency and citizenship.

Portfolio Pulse from Khyathi Dalal

July 24, 2024 | 1:20 pm

SYNX

Silynxcom has received $815K in orders from the Israel Defense Forces since July 2024, including a recent $315K order. The company projects the tactical headset market to reach $3.8B by 2027 and reports preliminary H1 2024 revenue of $5.31M and cash equivalents of $3.69M.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:17 pm