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RIVN

TSLA

Rivian CEO R.J. Scaringe showcased the Rivian R1T truck's snow capabilities, highlighting its 'Snow Mode' feature. This comes amid concerns about Tesla's Cybertruck performance in snowy conditions, with a recent incident of a gas-powered Ford truck rescuing a Cybertruck. Gene Munster from Deepwater Asset Management believes Tesla will address these issues to reassure buyers.

Portfolio Pulse from Anan Ashraf

January 22, 2024 | 10:52 am

TSLA

Tesla Inc (NASDAQ:TSLA) offers leasing options for its vehicles, including the Model 3/Y and the more expensive Model S/X, with varying costs and down payments. The Model Y lease starts at $379 per month with a $3,500 down payment, while the Model 3 lease starts at $329 per month with a $4,500 down payment. The Model S and X leases require a $7,500 down payment, with monthly payments of $1,099 and $1,249, respectively. Customers can benefit from a federal EV tax credit of $7,500 and additional state incentives, which may make purchasing more advantageous than leasing in some cases.

Portfolio Pulse from Anan Ashraf

January 22, 2024 | 8:54 am

BTCUSD

DOGEUSD

XRPUSD

At the World Economic Forum in Davos, a panel called for more precise crypto regulation and questioned the utility of meme coins like Dogecoin. Ripple CEO Brad Garlinghouse expressed skepticism about Dogecoin's utility, while Dogecoin co-founder Shibetoshi Nakamoto defended it, comparing its fundamentals to Bitcoin. Dogecoin's price surged by 10% after the introduction of a specialized payment account, despite trading down 1.12% at the time of writing.

Portfolio Pulse from Mehab Qureshi

January 22, 2024 | 7:46 am

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) has announced its first major over-the-air (OTA) upgrades for the FF 91 2.0, which include 752 new features and 846 improvements. These updates are based on user feedback and reflect the company's commitment to AI, hyper-connectivity, and user-focused co-creation value. The upgrades demonstrate Faraday Future's progress in enhancing user experience and technology in its electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:12 am

AAPL

Tech analyst Ming-Chi Kuo reported that Apple Inc.'s (AAPL) new Vision Pro headset sold 160,000 to 180,000 units in its first pre-order weekend. Despite the initial sell-out, Kuo warns of a potential demand dip as shipping times remained unchanged 48 hours after pre-orders opened. He contrasts this with popular iPhone models, which usually see shipping times increase as demand grows post-launch. Kuo suggests monitoring demand in other markets and application updates to assess changes. The Vision Pro is priced at $3,499 and is set to launch on Feb. 2. Kuo's previous estimates for 2024 shipments are 400,000–600,000 units, below market expectations of over 1 million units.

Portfolio Pulse from Ananya Gairola

January 22, 2024 | 7:11 am

AAPL

TSLA

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and Tesla investor, expressed doubts about Tesla (TSLA) selling more Cybertrucks in 2024 than Apple (AAPL) selling Vision Pro headsets. Gerber had a bet that Tesla would outperform Apple in sales, but the immediate sell-out of Vision Pro pre-orders made him reconsider. Despite the Cybertruck having 2 million preorders, production challenges may delay its delivery target. Meanwhile, analyst Ming-Chi Kuo believes Apple can easily ship 500,000 Vision Pro units this year. Both products are highly demanded, but belong to different market segments.

Portfolio Pulse from Anan Ashraf

January 22, 2024 | 6:23 am

WKEY

WISeKey International Holding Ltd (WKEY) and Xapo Bank have partnered to present the Wise.ART digital and physical art exhibition in Gibraltar. This collaboration highlights the intersection of art and technology, showcasing how digital advancements are influencing the art world.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:05 am

GOLD

Barrick Gold's Mara and Bulyanhulu gold mines, which are part of Twiga Minerals, have achieved their 2023 production goals and are positioned for expansion.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 5:53 am

AAPL

TSLA

Elon Musk expressed interest in trying Apple's Vision Pro headset after initially mocking mixed reality headsets on social media. The Apple Vision Pro, priced at $3,499, is set to launch on February 2 and is expected to eventually account for 10% of Apple's revenue, according to Gene Munster of Deepwater Asset Management. Despite the high price, there is significant anticipation for the product among tech enthusiasts and investors.

Portfolio Pulse from Ananya Gairola

January 22, 2024 | 3:33 am

TSLA

Tesla Inc (NASDAQ:TSLA) has begun distributing version 12 of its full self-driving (FSD) software to non-employee drivers, despite CEO Elon Musk's previous statement that v12 would not be beta and would make Tesla vehicles fully autonomous. The rollout to non-employees comes after the software was initially released to employees about two months ago. Contrary to Musk's earlier claims, the update is still labeled 'Beta', indicating that the software still requires active driver supervision and is not yet fully autonomous.

Portfolio Pulse from Anan Ashraf

January 22, 2024 | 2:54 am