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TSLA

Tesla, Inc. (NASDAQ:TSLA) shares saw a premarket rebound, breaking a three-day winning streak. The uptick is attributed to strong insurance registration data from China, indicating a significant increase in Tesla vehicle registrations. Gary Black of Future Fund highlighted an 18.3K insurance registrations for the week of Dec 11-17, the third-highest on record. With quarter-to-date deliveries in China at 138,000, Tesla is on track to potentially exceed its second-quarter record of 156,700 deliveries. The stock also benefited from positive index futures, rising 0.34% to $252.93 in premarket trading.

Portfolio Pulse from Shanthi Rexaline

December 19, 2023 | 11:36 am

FSR

Fisker is enhancing its service capabilities and staffing across the US and Canada, with nearly 100 technicians now available in 20 US states and two Canadian provinces. The company is also expanding its service leadership team and plans to offer access to over 100 collision repair shops. Additionally, Fisker is implementing OTA software updates for all Fisker Ocean SUVs.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 11:32 am

CG

Exiger, a leading SaaS company in AI supply chain risk management, will receive a majority investment from Carlyle (NASDAQ:CG) and Insight Partners. This partnership will support Exiger's continued investment in its AI solutions for government and commercial markets. Exiger's management, founders, and Carrick Capital Partners will reinvest equity in this transaction.

Portfolio Pulse from Charles Gross

December 19, 2023 | 11:16 am

SCKT

Socket Mobile has launched a recycling center and outlet store where customers can recycle or trade in old units and buy refurbished data capture devices at lower prices.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 11:08 am

TFFP

TFF Pharmaceuticals has released initial data from its Phase 2 trials for TFF VORI and TFF TAC, as well as clinical data from the ongoing TFF VORI Expanded Access Program. These developments could indicate progress in the company's drug development pipeline.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 11:05 am

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BMWYY

DDAIF

VWAGY

Audi AG's CEO Gernot Döllner announced a delay in EV launches to avoid production and sales bottlenecks. Despite slow growth in sales and issues with the Q6 e-tron model, Audi aims to introduce 20 new models by 2026, with half being fully electric. The Q6 e-tron is expected to launch in Q2, followed by more models in the next year. Audi, part of Volkswagen AG, faces competition from Mercedes-Benz and BMW, and broader industry challenges in marketing EVs. Döllner is confident in Audi's diversified portfolio of EVs, plug-in hybrids, and combustion engines.

Portfolio Pulse from Benzinga Neuro

December 19, 2023 | 11:04 am

AMZN

DBX

MSFT

Dropbox Inc. (DBX) introduced an AI-powered search feature for subscribers, developed in partnership with OpenAI, backed by Microsoft Corp. (MSFT). The feature, enabled by default, raised privacy concerns among users, including Amazon.com Inc.'s (AMZN) CTO Werner Vogels. Dropbox CEO Drew Houston denied sharing user data with third parties, but the option to disable the AI search has been hidden, causing further controversy.

Portfolio Pulse from Rounak Jain

December 19, 2023 | 11:02 am

GM

General Motors Co (NYSE:GM) CEO Mary Barra clarified in an interview that GM does not produce the pink Corvette featured in the 'Barbie' movie. She reminisced about her own childhood toy Corvette, which was yellow. Barra expressed her fondness for the Hummer EV and is looking forward to the launch of the Equinox EV next year. The Hummer EV has gained attention, including a test drive by President Joe Biden.

Portfolio Pulse from Anan Ashraf

December 19, 2023 | 10:32 am

ADM

Archer-Daniels-Midland Company (NYSE:ADM) has acquired Revela Foods, a Wisconsin-based developer and manufacturer of dairy flavor ingredients, for an undisclosed amount. Revela, with projected 2023 sales of $240 million, operates three production facilities in the U.S. Midwest and employs around 400 people. The acquisition, expected to close in early 2024, will enhance ADM's global flavor portfolio and expand its presence in the North America savory flavors segment. ADM had $1.498 billion in cash and equivalents at the end of Q3, and its shares closed 4.50% lower at $72.34 on Monday.

Portfolio Pulse from Lekha Gupta

December 19, 2023 | 10:31 am

TSLA

India's Aether Industries has reportedly entered into a partnership with Tesla to supply electrolyte additives, according to sources cited by ET Now.

Portfolio Pulse from Charles Gross

December 19, 2023 | 10:24 am