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GM

General Motors' autonomous vehicle subsidiary, Cruise, has issued a recall for a subsystem within 950 of its automated driving systems due to its role in a recent accident. The subsystem may cause the autonomous vehicle to pull over when it should remain stationary. This issue was identified following an incident on Oct. 2, 2023, where a Cruise AV made contact with a pedestrian.

Portfolio Pulse from Anan Ashraf

November 08, 2023 | 9:32 am

RIVN

TSLA

Rivian Automotive (RIVN) reported strong Q3 results, exceeding Wall Street expectations, and raised its production outlook for the year. The company's R2 electric vehicle platform was a key focus during the earnings call. The R2, expected to be Rivian's first global offering, is set to be more compact and available at a lower price point, potentially disrupting Tesla's (TSLA) hold on the $45K-$50K EV market. Production of the R2 platform is set to commence in 2026.

Portfolio Pulse from Shanthi Rexaline

November 08, 2023 | 9:11 am

HTOO

Fusion Fuel (NASDAQ:HTOO) has secured a sales contract with a Portuguese energy company for a 1.25 MW HEVO-Chain Series NC electrolyzer. The system will use Fusion Fuel's HEVO™ technology to deliver green hydrogen solutions. The project, funded by the European Commission, aims to produce, store, and distribute green hydrogen for the transport sector in northern Portugal and is expected to be operational by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:01 am

LCID

Lucid Group Inc (NASDAQ:LCID) is facing scaling issues in Saudi Arabia, which is affecting its delivery numbers. The company had planned to deliver more vehicles in Saudi Arabia in Q3, but scaling up took longer than expected. Lucid has a purchase agreement to sell up to 100,000 vehicles to the Saudi government over the next 10 years. The company is now aiming to scale deliveries in Q4. It has already manufactured 700 EVs and shipped them to Saudi Arabia for final assembly.

Portfolio Pulse from Anan Ashraf

November 08, 2023 | 8:48 am

AAPL

Apple Inc. has released a new update, iOS 17.1.1, to address critical bugs, including a wireless charging issue affecting iPhone 15 users with certain car models, notably BMW. The bug disabled NFC functions such as Apple Pay and the BMW digital car key feature. The update also includes other software enhancements across Apple's ecosystem.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 8:42 am

GOOG

GOOGL

MSFT

Elon Musk has revealed that the personality of Grok AI, developed by xAI, is modeled after The Hitchhiker's Guide to the Galaxy. Grok AI has a sassy personality and can provide real-time information from the internet. It also has access to X's data, allowing it to provide real-time information from posts on X. The AI chatbot is being positioned as a competitor to Microsoft's OpenAI's ChatGPT, Microsoft's Bing AI, and Alphabet's Google Bard.

Portfolio Pulse from Rounak Jain

November 08, 2023 | 8:35 am

AAPL

A report has highlighted the significant differences between genuine Apple AirPods and counterfeit versions, with the latter being of inferior construction and quality. The counterfeit versions are often made with lower-grade materials and have a significant downgrade in audio quality. The existence of such counterfeit products not only affects Apple's brand reputation but also poses consumer risks, as these products often fail to meet safety standards.

Portfolio Pulse from Ananya Gairola

November 08, 2023 | 8:03 am

NTDOY

Nintendo Co., Ltd. (OTC:NTDOY) has announced a partnership with Sony Pictures Entertainment Inc. to produce a live-action film adaptation of the video game “The Legend of Zelda”. The project will be led by game designer Shigeru Miyamoto of Nintendo and producer Avi Arad of Arad Productions Inc. Nintendo will cover over half of the production costs, while Sony Pictures will co-finance and handle global theatrical distribution. This move is part of Nintendo's strategy to expand its audience beyond traditional gaming platforms.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 7:35 am

AMZN

RIVN

Rivian Automotive Inc (RIVN) has announced that its electric delivery vans will now be available for businesses other than Amazon.com Inc (AMZN). The amendment to the Amazon agreement allows Rivian to sell commercial vans to other customers. Amazon, which ordered 100,000 EDVs from Rivian in 2019, currently has over 10,000 Rivian-made vans on the road. However, Rivian expects Amazon to take fewer deliveries in Q4 due to the holiday period. Rivian is also in active discussions with other potential fleet customers.

Portfolio Pulse from Anan Ashraf

November 08, 2023 | 5:25 am

AAPL

Former President Barack Obama has revealed that he frequently uses Apple Inc.'s iPhone apps, including 'Words With Friends' and 'NBA League Pass'. Obama was previously confined to a Blackberry due to security measures during his presidency. The former president's affinity for technology has been evident since his presidency, with Apple's iOS 6 being granted the FIPS 140-2 certification in 2013, allowing low-level classified documents to be shared on devices running on this version.

Portfolio Pulse from Ananya Gairola

November 08, 2023 | 4:40 am