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GORO

UBER

Uber Eats has partnered with Gogoro to launch a $30 million Green Delivery Program in Taiwan. The two-year initiative aims to double the percentage of EV deliveries from 20% to 40% by the end of 2025. Delivery partners will benefit from discounts on Gogoro Smartscooters and battery swapping programs, as well as incentives for using these EVs for deliveries.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 6:46 am

TSLA

Wedbush analyst Dan Ives predicts Tesla Inc (NASDAQ:TSLA) will launch a sub-$30,000 electric vehicle by the end of 2024, potentially boosting the company's unit volume. Ives, who considers Tesla a tech company, remains bullish on the stock. He also forecasts a 25% surge in tech stocks for 2024, with AI as a key driver, and a 30% increase for the 'Magnificent 7' stocks, including Tesla. His past predictions include Elon Musk finding a new CEO for Twitter and tech industry layoffs in 2023.

Portfolio Pulse from Anan Ashraf

December 19, 2023 | 6:37 am

LLY

Goldman Sachs predicts a 140% surge in Eli Lilly and Co. (NYSE:LLY) shares due to the booming demand for GLP-1 weight loss and diabetes drugs. The bank estimates that by 2028, GLP-1 drugs like Eli Lilly's Mounjaro and Zepbound could be used by 68 million Americans, potentially generating $400 billion in revenue. Despite this, Goldman Sachs maintains a 'Neutral' rating on Eli Lilly with a $600 price target, a 5% upside from current levels. The bank highlights the importance of upcoming GLP-1 studies which could further drive demand.

Portfolio Pulse from Benzinga Neuro

December 19, 2023 | 5:03 am

BONKUSD

SOLUSD

Google search volume for 'Solana' has increased by 250% in two months, attributed to Solana's price surge of 224% and the popularity of BONK memecoin on its network. Solana Saga phones sold out, with some fetching $5,000 on eBay, driven by demand for the Bonk airdrop. Other cryptocurrencies like Bitcoin and Ethereum also saw increased search volumes, but less dramatically.

Portfolio Pulse from Mehab Qureshi

December 19, 2023 | 4:51 am

NIO

NIO Inc's CEO William Li showcased the impressive range of the company's ET7 sedan by driving 621 miles on a single charge. The test aimed to demonstrate the capabilities of the ET7's 150-kWh ultra-long-range battery pack. While the results are based on the China Light-Duty Test Cycle and actual range may vary, the demonstration highlights the ET7's competitive edge in the EV market, particularly against Tesla's Model S and Model 3, which have shorter ranges according to CLTC. NIO has seen a 12.6% year-over-year increase in vehicle deliveries last month, including 5,414 sedans.

Portfolio Pulse from Anan Ashraf

December 19, 2023 | 4:35 am

TSLA

Tesla Inc (NASDAQ:TSLA) has announced a compensation plan for German buyers of new Model 3/Y vehicles to offset the loss of the country's EV subsidy, which was terminated due to a budget crisis. Tesla will cover the subsidy termination for vehicles ordered from Dec 18 and delivered by Dec 31, and maintain its share of 2250€. In the U.S., certain Tesla models remain eligible for a federal EV tax credit.

Portfolio Pulse from Anan Ashraf

December 19, 2023 | 3:08 am

AMZN

MARA

NIO

TSLA

X

US Steel (X) shares surged 26.09% after being acquired by Nippon Steel for $14.1 billion. Marathon Digital (MARA) rose 8.69% amid a recovery in Bitcoin prices. Amazon (AMZN) gained 2.73% on potential sports media deals. NIO (NIO) increased 4.77% after a strategic investment from CYVN Holdings. Tesla (TSLA) slightly declined by 0.56% but is making strategic labor moves at its Nevada Gigafactory.

Portfolio Pulse from Benzinga Neuro

December 19, 2023 | 2:00 am

AAPL

MASI

Apple Inc. (AAPL) is facing a potential U.S. ban on its smartwatch products, which could impact its $17 billion smartwatch business. The International Trade Commission is set to enforce the ban on Dec. 25 over a patent infringement claim by Masimo Corp. (MASI) regarding blood oxygen level monitoring technology. Apple is attempting to modify the technology to comply with the ban and has begun preparing its stores for the change, including halting sales of certain models. Masimo insists that a software fix is not enough and hardware changes are necessary. The ban could significantly affect Apple's revenue and highlights the legal complexities in the tech industry.

Portfolio Pulse from Ananya Gairola

December 19, 2023 | 1:47 am

SONY

Sony Group Corp. is set to launch its new Alpha 9 III SLR camera in the U.S. on February 21. The camera features a 24.6-megapixel image sensor with a global shutter, capable of taking 120 shots per second with automatic focusing. It will be first released in Japan on January 26, priced at $6,190. The global shutter allows for clear snapshots of fast-moving subjects and is a first for mirrorless SLR cameras. Sony's camera sales are projected to surpass TV sales in the fiscal year ending March 2024.

Portfolio Pulse from Ananya Gairola

December 19, 2023 | 1:36 am

DIS

TSLA

The rivalry between Tesla Inc's CEO Elon Musk and Walt Disney Co's CEO Bob Iger has escalated, with Tesla owners reporting the Disney+ app icon missing from the in-car entertainment platform. This follows Disney pulling ads from a social media platform owned by Musk after he interacted with an antisemitic post. Musk has publicly criticized Iger and Disney's advertising decisions. The absence of the Disney+ icon, which can still be accessed via URL, may be seen as retaliation by Tesla. The feud could impact subscriber counts for Disney streaming services and advertising revenue for Musk's social media platform.

Portfolio Pulse from Chris Katje

December 19, 2023 | 12:10 am