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KARS

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TSLA

The electric vehicle (EV) sector saw significant developments this week, including Tesla's upcoming Q2 deliveries, Rivian's partnership with Volkswagen, and Nikola's deal with Walmart Canada. Tesla's delivery numbers are anticipated with mixed expectations, Rivian's stock surged on a financing deal, and Nikola delivered its hydrogen fuel-cell trucks to Walmart Canada. Other notable mentions include BYD's new plant in Uzbekistan and Ford's plans for a low-cost EV.

Portfolio Pulse from Shanthi Rexaline

June 29, 2024 | 1:48 pm

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MSFT

NVDA

TSLA

Benzinga reviewed the prospects of popular stocks, highlighting bullish and bearish outlooks. Nvidia, Tesla, and Microsoft were among the key stocks discussed. Nvidia is expected to hit $200 due to its AI dominance, while Tesla's market cap could reach $24 trillion by 2034. Microsoft faces EU charges for anti-competitive practices. Elon Musk criticized Boeing's CEO amid Starliner issues.

Portfolio Pulse from Michael Cohen

June 29, 2024 | 1:40 pm

TSLA

Wedbush analyst Dan Ives suggests that a Trump presidency could be beneficial for Tesla Inc. (NASDAQ: TSLA) but detrimental for the broader EV market. Ives believes Tesla's demand issues in China are resolving and anticipates the launch of its robotaxi product in August. He also predicts that Tesla could reach a $1 trillion market cap, despite its current year-to-date decline of 20.3%.

Portfolio Pulse from Anan Ashraf

June 29, 2024 | 9:17 am

META

MSFT

Microsoft's AI Chief, Mustafa Suleyman, has sparked controversy by suggesting that open web content is 'freeware' and can be freely used, amid ongoing lawsuits against Microsoft and OpenAI for using copyrighted content to train AI models. His comments have been met with criticism and could impact ongoing legal battles and future AI content regulations.

Portfolio Pulse from Rounak Jain

June 29, 2024 | 9:17 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has lost its lead in EV quality, now matching Rivian with 266 problems per 100 vehicles, according to J.D. Power's 2024 U.S. Initial Quality Study. The decline is attributed to the removal of traditional feature controls like turn signals and wiper stalks, which have not been well received by customers. Tesla's first-quarter deliveries also saw an 8.5% year-on-year decline.

Portfolio Pulse from Anan Ashraf

June 29, 2024 | 8:38 am

BTCUSD

GLD

Economist Peter Schiff predicts a bleak future for Bitcoin investors, highlighting a 20% loss for those who switched from gold ETFs to Bitcoin ETFs at the end of Q1. Despite this, investment expert Matthew Sigel from VanEck identifies three bullish signals for Bitcoin, suggesting potential for a year-end rally.

Portfolio Pulse from Rounak Jain

June 29, 2024 | 7:56 am

META

Australian Prime Minister Anthony Albanese criticized Meta Platforms Inc. (NASDAQ:META) for not fulfilling its commitments to pay local media organizations for their content. The PM emphasized the social responsibility of tech giants to keep news on their platforms and urged Meta to honor its previous commitments. This comes amid an ongoing dispute between Australia and Meta over the news media bargaining code, which could result in fines for Meta if it fails to engage in payment discussions.

Portfolio Pulse from Ananya Gairola

June 29, 2024 | 7:26 am

GOOGL

META

MSFT

Meta Platforms Inc.'s Ray-Ban smart glasses face new competition from Solos' AirGo Vision, which is powered by OpenAI's ChatGPT technology. The AirGo Vision will feature a camera, object recognition, and a swappable frame system, challenging Meta's market dominance.

Portfolio Pulse from Rounak Jain

June 29, 2024 | 6:42 am

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) announced a new software update for its first-generation R1 models, including suspension enhancements and a redesigned user interface. This follows the unveiling of its second-generation R1 vehicles. Rivian aims to start production of its cheaper R2 model in 2026 and recently received a $5 billion investment from Volkswagen for a joint venture.

Portfolio Pulse from Anan Ashraf

June 29, 2024 | 6:04 am

F

TSLA

Ford CEO Jim Farley expressed his enthusiasm for electric vehicles (EVs) despite the company's current financial losses in the EV segment. Farley emphasized the long-term potential and innovation of EVs, while acknowledging the challenges such as poor charging infrastructure and high costs. Tesla CEO Elon Musk showed support for Farley's stance. Ford's EV division is expected to post significant losses in 2024, but the company is committed to making lower-cost EVs to compete with Tesla and Chinese EV makers.

Portfolio Pulse from Anan Ashraf

June 29, 2024 | 4:21 am