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TSLA

Billionaire investor Chamath Palihapitiya ranks Tesla's non-EV businesses, highlighting ride-sharing as the top growth area due to its potential synergy with Tesla's Autopilot technology. He also sees significant opportunity in Tesla's energy business, proposing a shift towards homes equipped with Tesla solar panels and battery systems to become 'mini-utilities.' However, Palihapitiya expressed reservations about Tesla's humanoid robot project, Optimus, suggesting a preference for use-case specific robots.

Portfolio Pulse from Ramakrishnan M

April 29, 2024 | 4:01 am

META

Meta Platforms Inc. (NASDAQ:META) is experiencing significant issues with its AI-powered ad tools, particularly the Advantage Plus shopping campaigns, leading to wasted ad budgets and lost sales for businesses. The problems, which began around Valentine's Day, have caused an increase in cost per impressions (CPMs) and a failure to generate sales, prompting businesses to reconsider their advertising strategies on Meta's platforms. Despite some refunds to affected businesses, Meta denies any glitches, insisting the tools are functioning as intended. This situation is compounded by Meta's recent legal challenges and offers an opportunity for competitors like Elon Musk's social media platform, X, to attract advertisers.

Portfolio Pulse from Ananya Gairola

April 29, 2024 | 3:18 am

RIVN

Rivian Automotive Inc. (NASDAQ:RIVN) has introduced a new charger design to make its Rivian Adventure Network (RAN) accessible to a wider range of electric vehicles (EVs) by the end of the year. The new chargers will support both 400-volt and 800-volt battery packs with CCS connectors and will eventually include native support for the North American Charging Standard (NACS), currently requiring an adapter for Tesla's NACS chargers. This expansion aligns with Rivian's commitment to electrification and carbon-free energy, with the company planning to retrofit existing RAN stations and ensure new ones are equipped with these next-generation chargers. The move also enables Rivian to tap into the U.S. National Electric Vehicle Infrastructure (NEVI) program for funding.

Portfolio Pulse from Benzinga Neuro

April 29, 2024 | 3:12 am

TSLA

California now has one EV charging station for every five gas stations, with a total of 105,000 public or shared private EV chargers. This development is part of the state's push towards electric vehicles, highlighted by Tesla opening its Supercharger network to other brands like Ford and Rivian. California leads the U.S. in EV adoption, with significant sales and a plan to install up to 40,000 new public EV chargers.

Portfolio Pulse from Benzinga Neuro

April 29, 2024 | 2:30 am

GOOG

GOOGL

Alphabet Inc.'s Google Play Store now allows simultaneous downloads and installations of two Android apps, a feature recently implemented after years of testing. This update, currently limited to new installs and visible on Pixel phones and tablets running Android 14 and Play Store version 40.6.31, follows a significant legal setback for Google's Android app store involving an antitrust case won by Epic Games.

Portfolio Pulse from Ananya Gairola

April 29, 2024 | 2:07 am

ATHE

Alterity Therapeutics (NASDAQ:ATHE) announced new data on ATH434's potential to treat Friedreich's Ataxia, presented at the World Orphan Drug Congress USA 2024. The study highlighted ATH434's unique ability to target toxic iron in the disease, differentiating it from traditional iron chelators.

Portfolio Pulse from Charles Gross

April 29, 2024 | 12:42 am

TSLA

Tesla Inc. (NASDAQ:TSLA) is set to upgrade its Cybertruck with new off-roading features, including four dedicated terrain modes and adjustable locking differentials, as showcased in a video by Top Gear. The video demonstrates the Cybertruck's enhanced off-roading capabilities in various tests alongside a Rivian R1T. While the release date for these features is not confirmed, Tesla engineer Wes Morrill indicated that detailed release notes will be published soon, suggesting the update may include additional enhancements.

Portfolio Pulse from Benzinga Neuro

April 29, 2024 | 12:33 am

AAPL

GRND

META

MSFT

NVDA

RDDT

SPOT

STM

TSLA

Last week in consumer tech saw mixed earnings reports, with STM and META missing and beating consensus estimates, respectively, and SPOT outperforming in both revenue and EPS. Elon Musk addressed legal disputes and criticized Social Security, while emphasizing Tesla's AI and robotics focus. Microsoft and Meta announced a VR collaboration, and Apple faced challenges in China and adjusted its Vision Pro shipments. The U.S. moves closer to a TikTok ban, raising free speech concerns. Nvidia acquires Run:ai, and Meta plans to open-source a $10 billion AI model. Privacy concerns hit Reddit and Grindr.

Portfolio Pulse from Lekha Gupta

April 28, 2024 | 9:53 pm

TSLA

Tesla CEO Elon Musk's surprise visit to China is seen as a pivotal moment for the company's future in the country, focusing on discussions about the rollout of its Full Self-Driving (FSD) software and the potential to transfer data collected in China overseas. Musk met with China's premier and other high-ranking officials, signaling strong Sino-U.S. trade cooperation and Tesla's commitment to deepen its ties with China. This visit is crucial as Tesla aims to gain an edge over local EV competitors with its FSD technology amid slowing electric vehicle adoption due to economic uncertainties. Analyst Daniel Ives highlighted the significance of this visit for Tesla's long-term valuation, especially if Musk secures approval for data transfer, which could be a 'game changer' for Tesla's autonomous technology globally.

Portfolio Pulse from Shanthi Rexaline

April 28, 2024 | 6:09 pm

BYDDF

NIO

TSLA

The China Association of Automobile Manufacturers released a list of 76 smart vehicle models from companies including Tesla, BYD, Li Auto, and Nio, which comply with China's national data security standards.

Portfolio Pulse from Charles Gross

April 28, 2024 | 3:48 pm