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TSLA

Tesla Inc (NASDAQ:TSLA) has increased the prices of all Model Y SUV versions in the U.S. by $1,000, with the base version now starting at $44,990. This move comes ahead of its Q1 deliveries report and follows a similar price increase in China. The company's vehicle deliveries in the last quarter of 2023 were 484,507, but expectations for Q1 2023 are for a year-over-year decline from the 422,875 deliveries reported in Q1 2022. Tesla's stock ended down 2.25% at $175.79.

Portfolio Pulse from Anan Ashraf

April 01, 2024 | 7:52 am

CURV

NGS

OXM

PLSE

PVH

U.S. stock futures are trading higher, with focus on PVH Corp., Oxford Industries, Natural Gas Services Group, Torrid Holdings, and Pulse Biosciences due to earnings reports and financial results. PVH is expected to report earnings of $3.52 per share, Oxford Industries reported disappointing results and weak guidance, Natural Gas Services is anticipated to earn 6 cents per share, Torrid Holdings reported strong Q4 results, and Pulse Biosciences announced a loss and a rights offering.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 7:33 am

MYNA

Mynaric AG announced the launch of volume production and the dispatch of the first CONDOR Mk3 optical head following customer approval. The company also updated its volume production and shipment expectations, previously provided on January 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:49 am

ADM

ADM Animal Nutrition, a division of Archer Daniels Midland Company (ADM), has issued a recall for select lots of Pen Pals Chicken Feed, MoorMan's ShowTec Swine Feed, AMPT Cattle Feed, and Seniorglo Horse Feed due to elevated levels of calcium, phosphorus, magnesium, sodium, and/or chloride. These elevated levels may pose a risk to chickens, swine, beef cattle, and equine.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:46 am

BIIB

ESAIY

Eisai has completed the submission of a supplemental Biologics License Application for LEQEMBI® for IV maintenance dosing in the treatment of early Alzheimer's disease to the U.S. FDA. This marks a significant step in the development and potential market expansion of LEQEMBI®, which could impact the treatment landscape for Alzheimer's disease.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:17 am

TSLA

Xiaomi's new electric sedan, the SU7, has experienced a significant delivery delay of up to seven months due to overwhelming demand, with 120,000 orders received within 36 hours of launch. The delay affects all models, including the standard and Pro versions, and the most expensive model. Xiaomi also launched a special Founder's Edition with complimentary gifts, selling out the first batch of 5,000 cars immediately. The company has a Beijing factory with a production capacity of 200,000 cars annually, manufactured by BAIC Group.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 6:17 am

SKM

SK Telecom has expanded the features of its AI assistant 'A.' to include real-time call translation on Android devices, enhancing user experience and communication capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:15 am

AAPL

Apple Inc. is reportedly planning to introduce a polished titanium finish for its iPhone 16 Pro models, according to a new leak. The leak suggests a new manufacturing process that will give the iPhone 16 Pro a more polished and possibly more scratch-resistant finish compared to the iPhone 15 Pro. The leak's credibility is uncertain, and the changes might also relate to production line improvements.

Portfolio Pulse from Ananya Gairola

April 01, 2024 | 3:42 am

BYDDF

BYDDY

TSLA

Tesla, Inc. (NASDAQ:TSLA) increased the prices of all Model Y variants in China by 5,000 yuan ($692) effective April 1. This move comes after aggressive price cuts in China since late 2022 did not boost volume growth and led to a price war, notably with BYD Co Ltd. (OTC:BYDDY) (OTC:BYDDF), which overtook Tesla as the world's biggest battery EV manufacturer in Q4 2023. Analysts suggest Tesla should explore strategies beyond price cuts. Tesla's stock closed down 2.25% at $175.79.

Portfolio Pulse from Shanthi Rexaline

April 01, 2024 | 3:37 am

CMS

EMR

Morgan Stanley's top fund manager, Aaron Dunn, has identified CMS Energy Corporation (NYSE:CMS) and Emerson Electric (NYSE:EMR) as stocks that could benefit from the increasing power demands of AI. Dunn highlighted the utility sector's potential, especially focusing on renewable energy, which aligns with the green energy initiatives of major cloud computing players. The growing electricity needs of AI servers and data centers, consuming significant amounts of power, underscore the importance of sustainable energy solutions in the tech and energy sectors.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 3:27 am