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TSLA

Tesla investor Ross Gerber and critic Gordon Johnson debated the cost benefits of electric vehicles (EVs) versus gas cars. Gerber argued that switching to a Tesla Model 3 could save $4,000 annually on gas, while Johnson countered that EVs face significant depreciation, higher insurance, and maintenance costs. Despite Gerber's optimism about EVs replacing gas cars, Johnson highlighted the financial drawbacks, including battery and tire replacement costs. Tesla's website estimates a three-year gas savings of $3,000 for the Model 3, contrasting with Gerber's claim. Hertz Global Holdings cited depreciation and repair costs for phasing out Tesla vehicles. However, Atlas Public Policy reported that owning an EV could be cheaper than a gas car over seven years.

Portfolio Pulse from Anan Ashraf

April 12, 2024 | 10:19 am

F

Ford Motor Company (NYSE: F) is delivering 144,000 redesigned F-150 and Ranger trucks to North American dealers to address quality issues and has resumed F-150 Lightning electric truck shipments with a price reduction of up to $5,500. This move is part of Ford's strategy to enhance quality assurance and customer satisfaction, aiming for a pre-tax profit between $10 billion and $12 billion in 2024. The delay in truck distribution may affect Ford's Q1 financial results, with 60,000 F-150s pending shipment this quarter. Ford's actions, including a price cut on the Lightning model, reflect efforts to remain competitive in the EV market and avoid past warranty repair costs.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 10:14 am

TSLA

Gary Black of Future Fund predicts Tesla, Inc. (TSLA) will surpass Q1 earnings expectations, potentially aided by $926 million in full-self-driving deferred revenue. He anticipates flat 2024 delivery growth at 1.8 million units, a figure already priced into the stock. Black hopes CEO Elon Musk won't blame the Q1 volume decline on high interest rates, noting that EV competitors saw 15-20% growth. He suggests Tesla could meet its 2024 delivery estimate by increasing advertising and resolving production issues.

Portfolio Pulse from Shanthi Rexaline

April 12, 2024 | 9:51 am

RR

Richtech Robotics Inc (NASDAQ:RR) is experiencing a surge in stock price after announcing a joint venture with Zipphaus Corp to launch robot-operated cafes in strategic locations such as hospitals and universities. The partnership aims to combine Richtech's robotics technology with Zipphaus's operational expertise to expand development opportunities across the U.S. The initial plan includes opening flagship cafes in major hospitals. Richtech will provide ADAM robots and technical support, while Zipphaus will manage daily operations. RR shares rose by 8.99% to $1.94 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 12, 2024 | 9:44 am

TSLA

Pierre Ferragu, a New Street Research analyst and Tesla Inc. bull, expressed optimism about Elon Musk's artificial intelligence venture, xAI, on X (formerly Twitter). He highlighted xAI's cost advantage, Musk's leadership, and its potential as a distribution asset. Ferragu's comments come amid controversies surrounding xAI, including accusations of plagiarizing OpenAI's codebase. Meanwhile, OpenAI announced upgrades to its GPT-4 Turbo model, indicating intensifying competition in the AI sector.

Portfolio Pulse from Ananya Gairola

April 12, 2024 | 8:27 am

TSLA

A Tesla user shared a story on the X platform about how the Full Self-Driving (FSD) feature of his Model Y helped him reach the emergency room during a medical crisis. The user praised Tesla's FSD for its navigation and parking capabilities, highlighting the technology's potential lifesaving benefits. Elon Musk responded positively to the story. The article also mentions skepticism and challenges surrounding FSD technology, including regulatory scrutiny and technical issues reported by other users.

Portfolio Pulse from Shanthi Rexaline

April 12, 2024 | 8:23 am

BTCUSD

Hong Kong is poised to become a key player in the cryptocurrency ETF market, potentially accelerating Bitcoin's rise to $100,000. Insider sources indicate that spot Bitcoin ETFs may launch in Hong Kong this month, with Chinese asset managers like China Asset Management, Harvest Fund Management, and Bosera Asset Management leading the initiative. The introduction of these ETFs is expected to attract significant global investment, mirroring the success seen in the U.S., where Bitcoin ETFs have amassed $58 billion in assets. This development comes despite China's ban on cryptocurrency trading, highlighting Hong Kong's strategic position to tap into the crypto market through more lenient regulations.

Portfolio Pulse from Ramakrishnan M

April 12, 2024 | 7:33 am

RR

Richtech Robotics and Zipphaus have announced a joint venture to open robot-operated cafes, utilizing the robotic beverage system ADAM in hospitals, airports, and schools. This innovative approach aims to enhance customer experience and operational efficiency in high-traffic areas.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 6:35 am

TSLA

Mercedes-Benz, India's leading luxury car seller, views Tesla Inc.'s potential entry into the Indian market positively, expecting it to boost the overall electric vehicle (EV) market growth. Mercedes plans to keep its EV charging bays open for Tesla and other brands, reflecting confidence in the expanding market. Despite Tesla's lower price points, Mercedes remains optimistic, citing a record-breaking first quarter in 2024 with plans to introduce three new electric models. The company anticipates EVs could account for 25% of its sales by 2030.

Portfolio Pulse from Shomik Sen Bhattacharjee

April 12, 2024 | 6:13 am

TSLA

Wedbush analyst Daniel Ives emphasized the importance of Tesla, Inc. (NASDAQ:TSLA) focusing on the development of the Model 2 vehicle, a sub-$30,000 electric vehicle, as a critical component for the company's future growth. Ives argued that relying on robotaxis as a replacement for the Model 2 would be a risky strategy and could negatively impact Tesla's growth narrative. He sees 60% of Tesla's future growth coming from the Model 2 and suggests that full autonomy for robotaxis may not be achieved until 2030. Despite the concerns, Ives remains long-term bullish on Tesla, maintaining an Outperform rating and a $300 price target for the stock.

Portfolio Pulse from Shanthi Rexaline

April 12, 2024 | 5:52 am