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TSLA

Tesla Inc (NASDAQ:TSLA) announced that it can produce one Powerwall 3 unit every 25 seconds, amounting to over 700,000 units annually. The Powerwall 3, a home battery for storing solar energy, has contributed to a 100% year-on-year revenue increase in Tesla's energy generation and storage segment. Tesla expects its energy business revenue growth to outpace its automotive segment for 2024.

Portfolio Pulse from Anan Ashraf

August 03, 2024 | 6:56 am

TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has vowed to investigate the company's lawsuit against EVject, which produces a 'breakaway' charging connector for Tesla EVs. Tesla alleges the connector is dangerous due to overheating risks, while EVject claims the tests were flawed and is open to collaboration.

Portfolio Pulse from Anan Ashraf

August 03, 2024 | 6:35 am

TSLA

Tesla's use of dry cathode 4680 cells in the Cybertruck is seen as a major breakthrough by CEO Elon Musk and investor Sawyer Merritt. This technology could reduce costs by 15%-30% and result in higher-density batteries if scaled successfully. Tesla aims to start production of Cybertrucks with these cells in Q4, potentially achieving profitability by year-end.

Portfolio Pulse from Anan Ashraf

August 03, 2024 | 5:24 am

TSLA

Elon Musk projects that Grok, an AI system by xAI, will become the world's leading AI system by leveraging real-time data from X (formerly Twitter), Tesla cars, and Optimus robots. Musk emphasizes the importance of potent training compute and efficient use of data. xAI recently raised $6 billion in Series B funding and has attracted several ex-Tesla employees.

Portfolio Pulse from Rounak Jain

August 03, 2024 | 3:56 am

TSLA

Ford Motor Co (NYSE:F) reported a 31% increase in EV sales in July, driven by the F-150 Lightning pickup truck. The company sold 8,242 electric vehicles, with the F-150 Lightning seeing an 82% jump in sales. The Mustang Mach-E and E-transit also saw growth. Despite competition from Tesla's Cybertruck, Ford's EV sales continue to rise.

Portfolio Pulse from Anan Ashraf

August 03, 2024 | 3:24 am

MSFT

NTDOY

SONY

Elden Ring topped the best-seller charts in June 2024 due to its new expansion, Shadow of the Erdtree. Kingdom Hearts Integrum Masterpiece saw a significant sales boost after its Steam debut. Sony's PlayStation 5 led hardware sales, followed by Nintendo Switch and Microsoft's Xbox. Overall, U.S. video game market spending fell 5% year-over-year in June 2024.

Portfolio Pulse from Franca Quarneti

August 02, 2024 | 8:55 pm

TRML

Tourmaline Bio, Inc. (NASDAQ: TRML) presented the design of its Phase 2 TRANQUILITY study at the ASPC Congress 2024. The study evaluates the effects of TOUR006 on hs-CRP levels in CKD patients. Topline data is expected in the first half of 2025, potentially advancing TOUR006 to Phase 3 for ASCVD and other cardiovascular diseases.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 8:31 pm

AAPL

AMZN

ASML

INTC

NVDA

SPY

The S&P 500 Index, tracked by SPDR S&P 500 ETF Trust (SPY), fell for the third consecutive week amid Middle East turmoil and weak economic data. Fed Chair Jerome Powell hinted at a potential rate cut in September, but investor sentiment remained low. Chip stocks like Intel (INTC), NVIDIA (NVDA), and ASML (ASML) saw sharp declines, while Amazon (AMZN) dipped on mixed quarterly results. JPMorgan remains optimistic about Apple's (AAPL) AI-driven growth.

Portfolio Pulse from Piero Cingari

August 02, 2024 | 8:19 pm

AMC

AMC anticipates sustained growth in the box office due to a strong lineup of blockbuster movie titles set to release through 2025 and 2026.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 8:19 pm

BABA

NVDA

Cryptocurrency markets are trading lower, with Bitcoin, Ethereum, and Dogecoin experiencing notable declines. Large transaction volumes have decreased, while daily active addresses have increased. Morgan Stanley is offering Bitcoin ETFs to select clients, and Alibaba and Nvidia stocks are being used as incentives for crypto trading by Hong Kong's Futu Securities.

Portfolio Pulse from Khyathi Dalal

August 02, 2024 | 8:17 pm