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TSLA

Tesla Inc (NASDAQ:TSLA) announced that the $7,500 EV tax credit for two versions of its Model 3 will be reduced to $3,750 starting January 1, 2024. This follows new guidance from the Biden administration to reduce Chinese content in EV batteries. Tesla urges buyers to take delivery before the end of the quarter to secure the full credit. The updated guidance also stipulates that from 2024, EVs cannot have battery components from 'foreign entities of concern' and from 2025, no critical minerals from such entities.

Portfolio Pulse from Anan Ashraf

December 02, 2023 | 4:48 am

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ: TSLA), responded to a CGI video by SoKrispyMedia showing Tesla bots conducting bulletproof testing on a Cybertruck. Musk suggested that the scenario could become a reality next year, sparking interest among Cybertruck and Tesla bot enthusiasts. During Tesla's last earnings call, Musk declined to provide updates on the humanoid robot, Optimus, but previously mentioned that it would be walking by November and could be useful in Tesla factories sometime next year.

Portfolio Pulse from Anan Ashraf

December 02, 2023 | 3:17 am

AAPL

An iPhone user, Tessa Coates, experienced a bizarre incident where a photo taken with her iPhone showed three different versions of herself. The anomaly was due to the iPhone's AI and computational photography stitching together a burst of photos incorrectly. An Apple technician explained that this was a rare 'one in a million' incident.

Portfolio Pulse from Rounak Jain

December 02, 2023 | 2:36 am

DIS

The Walt Disney Company (NYSE:DIS) faces potential backlash after suspending advertising on Twitter due to Elon Musk's interaction with an antisemitic post. Disney CEO Bob Iger defended the decision, while Musk criticized companies withdrawing ads. The controversy has led to trending calls to cancel Disney Plus and Hulu subscriptions, with a significant number of respondents in a poll indicating intent to cancel. This comes as Disney+ faces a December with fewer new releases and less holiday-themed content, which could impact Q1 streaming figures. Disney shares closed slightly lower on Friday.

Portfolio Pulse from Chris Katje

December 01, 2023 | 9:56 pm

QQQ

SPY

TSLA

The S&P 500, tracked by SPDR S&P 500 ETF Trust (SPY), saw an 8.9% rise in November, while technology stocks, monitored through Invesco QQQ Trust (QQQ), gained 10.8%. Investor optimism grew over potential Federal Reserve rate cuts in 2024 due to cooling inflation. The Personal Consumption Expenditure (PCE) price index slowed, supporting the likelihood of rate cuts. Tesla Inc (TSLA) hosted its Cybertruck delivery event, confirming over one million reservations. JPMorgan analysts forecast an 8% drop in the S&P 500 for 2024, presenting a negative outlook.

Portfolio Pulse from Piero Cingari

December 01, 2023 | 9:43 pm

DKNG

PDYPY

The article covers several sports betting highlights, including NCAA Football Championship odds at DraftKings (DKNG), NBA Rookie of the Year favorites with BetMGM odds, Shohei Ohtani's next team odds on DraftKings, and the potential impact of Taylor Swift's tour break on NFL betting lines for Travis Kelce. It also mentions significant bets placed and won, including a two-leg parlay on an NFL game, a 19-leg parlay on an NBA game, and a 12-game parlay with FanDuel (PDYPY), as well as a popular parlay that paid out $13.4 million.

Portfolio Pulse from Chris Katje

December 01, 2023 | 9:43 pm

PKANF

SBBCF

Simply Better Brands Corp reported a 45% increase in Q3 2023 revenue to $19.4 million, with a net loss decrease to $0.6 million and a positive adjusted EBITDA of $0.1 million. Strategic brands TRUBAR, No B.S. Skincare, PureKana, and Vibez Wellness contributed to growth. TRUBAR expanded in major retailers, PureKana added over 60k customers and entered the pet market, No B.S. Skincare extended to CVS and will launch in Walgreens, and Vibez Wellness targeted millennials with $3.7 million in revenue. CEO Kathy Casey emphasized continued growth, profit optimization, and debt reduction. PKANF shares traded at $0.2068.

Portfolio Pulse from Patricio Liddle

December 01, 2023 | 9:23 pm

MSFT

Activision, a subsidiary of Microsoft Corp. (NASDAQ:MSFT), addressed the debate on skill-based matchmaking (SBMM) in Call of Duty. They promised a detailed explanation in the coming weeks, acknowledging the community's interest in how skill affects matchmaking. SBMM, which pairs players of similar skill levels, has been criticized for creating less diverse gameplay. The matchmaking system also considers latency, search times, and other factors. The community is awaiting further information following the launch of new seasons for Modern Warfare III and Warzone.

Portfolio Pulse from Franca Quarneti

December 01, 2023 | 9:16 pm

CCOEY

SONY

Capcom ADR (OTC:CCOEY) has confirmed plans to continue producing remakes of the Resident Evil series after the success of previous remakes. The next title for a remake has not been announced. Resident Evil 4 remake director Yasuhiro Anpo spoke at a Sony Group Corp. (NYSE:SONY) event about the positive reception of remakes and the company's intent to make more. Potential remake candidates include Resident Evil Code: Veronica and others. Capcom also committed to using its RE Engine for future projects, highlighting development speed and team collaboration benefits.

Portfolio Pulse from Franca Quarneti

December 01, 2023 | 9:08 pm

MSFT

A leaked survey from Blizzard, a division of Microsoft Corp. (NASDAQ:MSFT), suggests potential pricing for Diablo IV's expansion, Vessel of Hatred. The survey indicates various bundles ranging from $50 to $100 with different digital rewards. The expansion, expected in late 2024, will introduce a new class and a new realm. Blizzard is using the survey to assess player preferences and pricing sensitivity, and has not confirmed the details officially.

Portfolio Pulse from Franca Quarneti

December 01, 2023 | 8:55 pm