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RIVN

Gary Black, Future Fund Managing Partner, suggests Rivian's Q4 delivery shortfall is due to increased production of electric delivery vans (EDVs) for Amazon, which can only accept a limited number during the holiday season. Despite producing 17,541 vehicles, Rivian delivered only 13,972. Black also notes that interest in Tesla's Cybertruck could benefit Rivian as they are a close competitor in the EV truck segment.

Portfolio Pulse from Anan Ashraf

January 03, 2024 | 4:23 am

TSLA

Tesla Inc (NASDAQ:TSLA) announced that its upcoming Cybertruck is likely to qualify for federal EV tax credits later in 2024. The Cybertruck had lost eligibility at the start of 2024 due to new battery sourcing guidelines aimed at reducing U.S. EV market reliance on foreign sources, such as China. Currently, several Tesla models, including different versions of the Model Y, Model 3 Performance, and Model X Long Range, are eligible for the full tax credit. The number of EV models eligible for the tax credit has decreased from 43 at the end of 2023 to 19 under the new guidelines.

Portfolio Pulse from Anan Ashraf

January 03, 2024 | 2:23 am

AAPL

COIN

LBPH

MRNA

TSLA

On Tuesday, U.S. stocks showed mixed results with the Dow Jones slightly up and NASDAQ and S&P 500 down. Apple (AAPL) fell 3.58%, Longboard Pharmaceuticals (LBPH) surged 316.25% on positive study data, Coinbase (COIN) dropped 9.80% amid leadership changes, Moderna (MRNA) gained 13.12% on market dynamics and company news, and Tesla (TSLA) had a negligible decrease of 0.02% influenced by analyst opinions and market sentiment.

Portfolio Pulse from Benzinga Neuro

January 03, 2024 | 1:34 am

AAPL

A new patent granted to Apple, with Jony Ive as an inventor, explores using an external display on a head-mounted device, potentially the Vision Pro, to show various images, including the wearer's eyes or symbols like a 'DO NOT DISTURB' sign. While the patent includes playful ideas, such as replacing eyes with Zoom icons, it's uncertain if these features will be included in the final product. Apple's Vision Pro and its EyeSight display are nearing launch, but their practicality and effectiveness remain to be seen as they have not been demoed to the press.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 11:35 pm

WULF

TeraWulf Inc. subsidiary TeraLease has amended its purchase agreement with Bitmain Technologies Delaware Limited to include an additional 18,500 S19j XP Miners. This amendment builds on the initial agreement from July 14, 2023, and could potentially impact TeraWulf's mining capabilities and future revenue.

Portfolio Pulse from Charles Gross

January 02, 2024 | 10:14 pm

ABAT

BHP

FEAM

5E Advanced Materials, Inc. (FEAM) has commenced mining operations at its 5E Boron Americas Complex, with plans to produce boric acid and lithium carbonate by Q1 2024. American Battery Technology Company (ABAT) has seen a 7.5% increase in short interest, now taking an average of 3.03 days to cover. BHP Group Limited (BHP) experienced unusual options activity, with a sentiment split of 75% bullish and 25% bearish based on eight transactions.

Portfolio Pulse from Austin DeNoce

January 02, 2024 | 10:06 pm

DIS

ETH-USD

The 1928 version of Mickey Mouse from 'Steamboat Willie' has entered the public domain, leading to new interpretations, including a horror film 'Mickey's Mouse Trap.' Disney (NYSE:DIS) no longer holds copyright over this version of the character. The film is not affiliated with Disney and has no release date yet. A survival horror game 'Infestation 88' is also in development. An NFT collection based on Steamboat Willie sold out quickly and has seen significant price appreciation.

Portfolio Pulse from Chris Katje

January 02, 2024 | 9:47 pm

LMT

Lockheed Martin announced the delivery of 98 F-35s in 2023, increasing the global fleet to over 990 aircraft. The F-35s enhance the advanced 5th Generation capabilities and contribute to 21st Century Security deterrence for the U.S. and its allies.

Portfolio Pulse from Charles Gross

January 02, 2024 | 9:45 pm

GLYC

TMO

GlycoMimetics has signed a project agreement with Patheon Manufacturing Services, a part of Thermo Fisher Scientific. Under this agreement, Patheon will manufacture and supply GlycoMimetics with its drug candidate, Uproleselan, for commercial sale pending FDA approval, as disclosed in an SEC 8K filing.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 9:36 pm

MOD

Modine Manufacturing Company has acquired the intellectual property and certain assets of TMG Core, adding single- and two-phase immersion cooling technologies to its portfolio. This acquisition enhances Modine's capabilities as a cooling solutions provider amid increasing data center heat loads. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 9:19 pm