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TSLA

Tesla Inc (NASDAQ:TSLA) has introduced a new paint option, 'Stealth Gray', for its premium Model S and Model X vehicles in specific regions, including the United States. The new color is offered at no additional cost and is only available for Tesla's higher-end models. The Stealth Gray paint appears to be a refined version of Tesla's 'Midnight Silver Metallic' color, which was discontinued for the Model S and Model X in the U.S.

Portfolio Pulse from Anan Ashraf

October 27, 2023 | 6:48 am

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Roche's Genentech has received FDA approval for Vabysmo, a new treatment for Retinal Vein Occlusion (RVO). The efficacy and safety of Vabysmo have been established in global clinical trials and reinforced by real-world evidence.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 6:31 am

SUZ

Suzano has announced a series of projects to expand its production capacity and improve operational efficiency. The company will invest R$1.66 billion in a new tissue paper mill, a biomass boiler replacement, and an expansion of fluff pulp supply. This investment aligns with Suzano's strategic business avenues and its commitment to adapt to evolving demand.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 6:08 am

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SNY

MediciNova's collaborator Genzyme has initiated clinical development of a gene therapy product for the treatment of Phenylketonuria. This could potentially lead to a new treatment option for the disease.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 5:50 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) has raised the prices of certain Model Y variants in the US and China, a move that has been met with optimism by investors. The price of the Model Y dual-motor, all-wheel-drive, Long Range variant in the U.S. is now at $48,990, a $500 increase. In China, the price of the high-end, dual motor, all-wheel-drive, performance variant is 363,900 yuan ($49,738), up from the previous pricing of 349,900 yuan ($47,825). This comes after Tesla's core auto gross margin has been on a declining trend due to price cuts since January 2023.

Portfolio Pulse from Shanthi Rexaline

October 27, 2023 | 5:48 am

LCID

Lucid Group Inc (NASDAQ:LCID) is recalling over 1,000 Lucid Air sedans due to risks of rear seats overheating and causing burn injuries. The company has delivered 1,457 EVs in Q3 and produced 6,037 units year-to-date. The stock has slumped 34% year-to-date.

Portfolio Pulse from Anan Ashraf

October 27, 2023 | 5:44 am

GM

General Motors' autonomous vehicle subsidiary, Cruise, has announced a pause in its driverless operations across all fleets to reassess its processes, systems, and tools. This follows a suspension of its operations in San Francisco due to a directive from the California Department of Motor Vehicles citing 'unreasonable risk' to public safety. The company aims to rebuild public trust and will continue supervised autonomous vehicle operations.

Portfolio Pulse from Anan Ashraf

October 27, 2023 | 3:09 am

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UBER

Uber Technologies Inc. (NYSE:UBER) has partnered with Alphabet Inc.'s Waymo (NASDAQ:GOOGL) (NASDAQ:GOOG) to offer driverless rides in Phoenix. Customers within Waymo's service area can choose between a conventional Uber car and a driverless Waymo vehicle. This partnership marks a significant shift in Uber's approach to autonomous riding, following the sale of its self-driving technology arm in 2020.

Portfolio Pulse from Benzinga Neuro

October 27, 2023 | 2:49 am

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TSLA

Elon Musk, CEO of Tesla and SpaceX, has reiterated his willingness to engage in a 'cage match' with Meta CEO Mark Zuckerberg. This follows a previous challenge issued by Musk in June, which Zuckerberg initially responded to enthusiastically before later expressing doubts about Musk's sincerity. The rivalry between the two tech moguls intensified after Meta launched Threads, a text-based conversation app dubbed as a 'Twitter killer'. Musk acquired Twitter for $44 billion in October 2022 and rebranded it to X. During Meta's Q3 earnings call, Zuckerberg revealed that Threads had nearly 100 million monthly users since its July launch.

Portfolio Pulse from Ananya Gairola

October 27, 2023 | 2:38 am

TSLA

Tesla Inc has increased the price of its Model Y Performance Edition by 14,000 yuan (about $1,913) in China, a 4% increase from its previous price. Despite the increase, the vehicle is still cheaper than in October 2022 when Tesla first started reducing prices in China. The prices of all other variants of the SUV, as well as other Tesla models, remain unchanged.

Portfolio Pulse from Anan Ashraf

October 27, 2023 | 2:32 am