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NKLA

Nikola Corp. (NASDAQ:NKLA) announced the return of its battery-electric trucks, dubbed BEV 2.0, after a recall due to fire incidents. The upgraded trucks feature improved battery packs and other enhancements. Deliveries are expected to restart in late Q3 or early Q4 2024, with at least 100 trucks planned for delivery this year. Nikola shares surged 14.4% following the announcement.

Portfolio Pulse from Anan Ashraf

March 29, 2024 | 9:01 am

TSLA

German Chancellor Olaf Scholz has expressed support for the expansion of Tesla Inc.'s Gigafactory in Berlin, comparing its potential growth to Ford's Cologne plant. Scholz condemned a recent arson attack on the factory, calling it a 'terrorist act' and emphasizing the need for increased security. Tesla aims to expand the Berlin factory's capacity for battery production to 100-gigawatt hours and car production to 1 million units annually, despite protests.

Portfolio Pulse from Anan Ashraf

March 29, 2024 | 6:39 am

TSLA

Gary Black, a Tesla Inc. investor, stated that Tesla's valuation will only be significantly impacted by its Full Self-Driving (FSD) software once it achieves fully autonomous driving capabilities. Despite Wall Street recognizing Tesla's progress with FSD, it won't adjust Tesla's valuation until the software becomes fully autonomous and Tesla assumes full liability for any incidents. Currently, Tesla attributes all incidents involving FSD to the driver. Tesla plans to roll out significant improvements to FSD, aiming for it to 'shine bright' by late April or May. Black also suggests Tesla should add a segment on its AI endeavors in its earnings reports to highlight its FSD project.

Portfolio Pulse from Anan Ashraf

March 29, 2024 | 5:45 am

AAPL

Apple Inc. is reportedly preparing to launch new iPad Pro and iPad Air models in early May, featuring OLED displays and a 12.9-inch screen for the iPad Air. This release aims to rejuvenate the iPad category after a significant sales drop during the last two fiscal years, including a 25% decline during the recent holiday season. The new iPad Pro models will include the M3 chip and be compatible with updated accessories, marking the first major update since 2018. The iPad Air will also receive a new processor and a larger screen option.

Portfolio Pulse from Ananya Gairola

March 29, 2024 | 5:34 am

TSLA

Elon Musk, CEO of Tesla Inc, criticized the movie industry for underappreciating manufacturing compared to invention, highlighting the significant challenges in scaling production. Musk emphasized the 'insane pain' of achieving high-volume, positive-margin production over creating prototypes. He also mentioned Tesla's efforts to scale up production of the Cybertruck, aiming for 250,000 units annually, though admitting the target won't be met until 2025 due to production challenges.

Portfolio Pulse from Anan Ashraf

March 29, 2024 | 5:15 am

TSLA

XIACF

Xiaomi (OTCPK: XIACF) has officially priced its first EV, the SU7 sedan, significantly lower than Tesla's (NASDAQ: TSLA) entry-level Model 3, aiming to challenge the luxury EV market. The SU7's price starts at about $28,872, with higher-end variants priced up to $41,494. This pricing strategy positions the SU7 well below Tesla's Model 3 and Model S in China. Xiaomi received over 50,000 orders for the SU7 within 30 minutes of opening pre-orders. The vehicle boasts a maximum range of 810 km, surpassing the Model 3's 606 km. Xiaomi's shares rose 1.22% following the announcement.

Portfolio Pulse from Anan Ashraf

March 29, 2024 | 4:26 am

DSGX

Descartes Systems has acquired OCR Services, a provider of global trade compliance solutions, for $90M. This acquisition expands Descartes' global trade content library, benefiting customers and partners like SAP and Oracle.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:02 pm

ATLX

GROY

USAP

XPL

Gold Royalty expects 2024 revenue to double with major royalties entering production. Universal Stainless & Alloy Products reports record sales in Q4 2023 and annual sales for 2023, with significant growth in premium alloy and aerospace sales. Atlas Lithium secures a $30M investment and offtake agreement with Mitsui & Co., aiming to expedite the development of its lithium mine. Solitario Resources discovers a high-grade gold zone at its Golden Crest project.

Portfolio Pulse from Austin DeNoce

March 28, 2024 | 8:56 pm

XIACF

Cheche Group has entered into a partnership with Xiaomi Group to offer auto insurance service solutions to car owners across multiple cities in China. This collaboration aims to leverage Cheche Group's expertise in insurance services with Xiaomi's vast consumer base and technological prowess, potentially increasing market penetration and customer satisfaction for both companies.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:46 pm

DKNG

PARA

WBD

The 2024 NCAA Men's Basketball Tournament's Sweet 16 features 10 teams aiming for their first championship. DraftKings Inc (DKNG) provides betting odds for the matchups, with Connecticut having the highest odds to win. Games will be broadcasted by Warner Bros. Discovery Inc (WBD) and Paramount Global (PARA, PARAA).

Portfolio Pulse from Chris Katje

March 28, 2024 | 8:45 pm