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TSLA

Elon Musk's Boring Company is constructing a tunnel at Tesla's Giga Texas to transport Cybertrucks from the production line to the logistics lot. This move aims to reduce on-site traffic and improve quality. Tesla is ramping up Cybertruck production, targeting 250,000 annual deliveries by 2025.

Portfolio Pulse from Anan Ashraf

June 10, 2024 | 8:10 am

NVDA

TSLA

Nvidia's market cap surpassed $3 trillion, significantly outperforming Tesla. Elon Musk praised Nvidia's achievement, but Tesla's stock has underperformed due to strategic missteps and industry challenges.

Portfolio Pulse from Shanthi Rexaline

June 10, 2024 | 7:47 am

AKRO

Akero Therapeutics presented promising 96-week data from its Phase 2b HARMONY study on EFX for treating MASH at the EASL Congress. The study showed significant improvements in fibrosis and MASH symptoms, with higher efficacy in the 50 mg EFX dose group.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 7:44 am

LLY

Eli Lilly's tirzepatide showed significant efficacy in a phase 2 study for treating metabolic dysfunction-associated steatohepatitis (MASH), with over half of the patients showing fibrosis improvement at 52 weeks. The results were presented at the EASL Congress 2024 and published in The New England Journal of Medicine.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 7:38 am

AAPL

Apple Inc. (NASDAQ:AAPL) is expected to transition from its traditional hardware-software-services model to a hardware-AI-cloud company, according to Bloomberg columnist Mark Gurman. This shift is necessary to stay competitive in the evolving AI landscape. Future products may include home robotics, augmented reality glasses, and intelligent AirPods. Analysts have mixed opinions on Apple's venture into personal home robots.

Portfolio Pulse from Ananya Gairola

June 10, 2024 | 7:34 am

SPCE

Virgin Galactic successfully completed its 12th spaceflight, advancing suborbital research with the 'Galactic 07' mission.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 7:28 am

HIVE

HIVE Digital reported a 3% increase in its HODL position to 2,451 Bitcoins in May 2024, alongside the acquisition of 1,000 new Bitmain S21 Pro Antminers. The company mined 119 Bitcoins in May, ending the month with a 5.0 EH/s ASIC mining capacity and an average hashrate of 4.9 EH/s.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 6:49 am

BTCUSD

COIN

KRKN

Bitcoin is struggling to surpass its all-time highs due to a slowdown in stablecoin minting following the April 20 halving event, according to 10x Research. The report also noted a significant withdrawal of Bitcoin from exchanges, particularly Kraken and Coinbase, indicating a sell-side liquidity crisis. Despite these challenges, analysts remain optimistic about Bitcoin's potential to reach $83,000 or even $100,000 in the near term.

Portfolio Pulse from Aniket Verma

June 10, 2024 | 6:37 am

BYDDY

TSLA

BYD Chairman Wang Chuanfu stated that foreign politicians are concerned about the rise of Chinese electric vehicles (EVs), highlighting the strength of China's car industry. This comes as Western nations consider increasing tariffs on Chinese EV imports. BYD, which stopped making solely combustion engine cars in 2022, has seen significant growth in EV sales, although Tesla reclaimed the title of the world's largest pure EV seller in Q1 2024.

Portfolio Pulse from Anan Ashraf

June 10, 2024 | 6:29 am

DOGEUSD

Ripple CEO Brad Garlinghouse criticized Dogecoin at the Consensus 2024 event, questioning its utility and long-term prospects. Dogecoin has been driven by speculation and endorsements, notably from Elon Musk, but lacks tangible use cases compared to Shiba Inu, which has launched blockchain projects. Mark Cuban remains a proponent of DOGE, accepting it for Dallas Mavericks transactions.

Portfolio Pulse from Aniket Verma

June 10, 2024 | 6:24 am