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TSLA

Tesla Inc (NASDAQ:TSLA) is recalling over 1.6 million vehicles in China due to concerns about the misuse of its autosteer feature. The company will address the issue with a software update that reminds drivers to follow driving regulations. This follows a similar recall in the U.S. last month, which affected over 2 million vehicles.

Portfolio Pulse from Anan Ashraf

January 05, 2024 | 9:56 am

AAPL

GS

Apple Inc. has increased the APY for the Apple Card's linked savings account, Apple Savings, from 4.25% to 4.35%. This is the second hike since its launch in December. Competitors like Goldman Sachs' Marcus, UFB, and PNC offer higher APYs. Goldman Sachs may end its partnership with Apple, and potential replacements could be American Express or Synchrony Financial. The APY increase reflects Apple's efforts to improve its financial product offerings.

Portfolio Pulse from Benzinga Neuro

January 05, 2024 | 9:39 am

MSFT

Microsoft Corp (NASDAQ:MSFT) has announced that WordPad will be removed from Windows 11 starting with Insider build 26020, with no option for reinstallation. WordPad, a word-processing software introduced in 1995, will be phased out as Microsoft focuses on new features like enhanced voice access tools and natural text-to-speech voices. The update is currently in the Canary branch and will progress through Beta and Dev channels before public release, giving users time to transition to alternatives like Notepad++.

Portfolio Pulse from Benzinga Neuro

January 05, 2024 | 9:24 am

NFLX

TMUS

T-Mobile US Inc. is altering its 'Netflix On Us' perk to include ads starting Jan. 24. Customers with the Netflix Basic benefit will be upgraded to the Standard plan with ads. T-Mobile's Go5G Next plan subscribers will also get access to Hulu (with ads), in addition to Apple TV+ and MLB.TV. Netflix has introduced an ad-supported tier that allows downloading of movies and shows, which will be ad-free, across all 12 regions where this tier is available. This change comes after Netflix's price increase in October 2023.

Portfolio Pulse from Rounak Jain

January 05, 2024 | 8:50 am

AAPL

MSFT

Microsoft Corp (MSFT) is nearing Apple Inc's (AAPL) market valuation, with only a $100 billion difference as of a recent report. Microsoft's valuation stands at $2.73 trillion, while Apple's is at $2.83 trillion. Microsoft's stock has risen 57% in 2023, outperforming Apple's 48% increase. Microsoft's growth is attributed to its successful cloud-computing business, Azure, and the AI boom. Apple, on the other hand, faces challenges from competition in China and macroeconomic pressures, leading to revenue declines and stock downgrades.

Portfolio Pulse from Benzinga Neuro

January 05, 2024 | 8:30 am

005930.KS

TSLA

Samsung Electronics Co., Ltd. has announced a partnership with Tesla Inc. to integrate SmartThings Energy with Tesla's Powerwall, Solar Inverter, Wall Connector, and electric vehicles. The integration, facilitated by Tesla's open APIs, aims to enhance home energy management and monitoring through both Samsung devices and the Tesla app. This move aligns with Samsung's Net Zero Home project and is expected to launch in Q2 2024.

Portfolio Pulse from Benzinga Neuro

January 05, 2024 | 8:24 am

F

TSLA

Tesla CEO Elon Musk congratulated Ford CEO Jim Farley on Ford's 2023 EV sales achievements. Ford sold 72,608 EVs in the U.S., an 18% increase, with the Mustang Mach-E, F-150 Lightning, and E-transit van as key contributors. The F-150 Lightning became the best-selling electric truck, while the Mach-E is second in the SUV category after Tesla's Model Y. Ford's total U.S. vehicle sales reached nearly 2 million, a 7% increase, with hybrids up by 25%. Tesla sold 1.8 million EVs globally but did not break down regional sales.

Portfolio Pulse from Anan Ashraf

January 05, 2024 | 7:17 am

AMZN

GOOGL

Jeff Bezos, co-founder of Amazon, has invested in Perplexity, an AI startup aiming to compete with Google in the internet search market. Perplexity offers direct answers to queries and has grown to 10 million monthly users. The company recently raised $74 million, led by Bezos and Institutional Venture Partners, valuing it at $520 million. Despite its rapid growth, Perplexity faces the challenge of competing with Google, a company with a $1.7 trillion valuation and significant investments in search technology.

Portfolio Pulse from Benzinga Neuro

January 05, 2024 | 6:52 am

TSLA

Tesla's Cybertruck, despite a lukewarm reaction from analysts, is gaining attention due to its visibility with celebrities. Pharrell Williams was recently seen arriving in a Cybertruck, and Tesla's Investor Relations chief Martin Viecha praised the vehicle on Twitter. Celebrities like Jay Leno and Alexis Ohanian have also been associated with the Cybertruck. Analysts expect a slow production ramp-up for the vehicle, which was not separately listed in Tesla's recent delivery report. Tesla's stock closed slightly down at $237.93.

Portfolio Pulse from Shanthi Rexaline

January 05, 2024 | 6:51 am

HYMTF

Hyundai Motor and Kia have partnered with W. L. Gore & Associates to co-develop an advanced polymer electrolyte membrane (PEM) for hydrogen fuel cell systems. The collaboration will focus on test protocols and key aspects of PEM development, aiming to enhance the durability and performance of fuel cell systems for commercial vehicles.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 6:07 am