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NIO

Chinese automaker Nio Inc has achieved 30 million battery swaps with its power swap technology. The company delivers over 60,000 swaps every day and plans to add more power swap stations by the end of the year. As of September 30, Nio delivered a total of 399,549 vehicles. The company intends to put up 2,300 power swap stations to cater to its fleet in China.

Portfolio Pulse from Anan Ashraf

October 11, 2023 | 5:06 am

AAPL

Supply chain analyst Ming-Chi Kuo predicts that the 2024 Apple Watch may not feature Micro LED screens or introduce blood glucose monitoring. Kuo also indicates a potential slump in Apple Watch shipments, with an estimated 15% decline for 2023. However, he remains hopeful that its integration with Apple's first-generation mixed-reality headset, Vision Pro, could drive shipment momentum for both products. Apple's switch to Micro LED technology could result in a setback for Samsung Display Co. and LG Display Co., the two main suppliers of Apple Watch screens.

Portfolio Pulse from Ananya Gairola

October 11, 2023 | 3:55 am

RIVN

TSLA

Rivian's CEO, RJ Scaringe, stated in an interview that there is room for multiple winners in the electric vehicle (EV) market, emphasizing the need for a variety of products. He also discussed the recent industry shift towards using Tesla's charging connector, which Rivian has adopted, allowing it to utilize Tesla's charging network. Scaringe expects a small number of dominant charging networks to emerge over the next five years, with Tesla and Rivian among them.

Portfolio Pulse from Benzinga Neuro

October 11, 2023 | 2:59 am

TSLA

Tesla Inc (NASDAQ:TSLA) is offering exclusive factory color wraps for the 2023 Model Y and Model 3 in the US, starting at a price of $7,500. The wraps, available in seven premium colors, provide aesthetic appeal and a protective layer for the car's paint. The installation process can take five to seven business days at two participating Tesla Service Centers in West Covina, CA and Carlsbad, CA. The purchase price covers both the cost of materials and the installation process.

Portfolio Pulse from Benzinga EV Insights

October 11, 2023 | 2:47 am

ACAQ

AKRO

LLY

NVO

TSLA

US stocks traded higher with Dow Jones gaining around 130 points. Akero Therapeutics saw a significant drop of 62.61% after its Phase 2b SYMMETRY study results were not statistically significant. Eli Lilly closed the day with a 1.32% increase as CEO of LuMind IDSC advocates for access to its Alzheimer’s drugs. Athena Consumer Acquisition surged by 10.53% after announcing a special meeting for business combination approval. Novo Nordisk increased by 1.03% as a survey revealed a growing willingness among US employers to include its GLP-1 drugs in health coverage plans. Tesla increased by 1.52% as its Model Y passed the two million unit sales milestone.

Portfolio Pulse from Benzinga Neuro

October 11, 2023 | 1:56 am

TSLA

Tesla Inc (NASDAQ:TSLA) has reached a milestone with its Model Y, surpassing two million unit sales in just three and a half years. The Model Y is now one of the bestselling electric vehicles in the world and is poised to outsell the Model 3 in the current fourth quarter. Tesla is guiding to 1.8 million units sold for the full fiscal year and aims for 50% annual production growth. The company's highly anticipated Cybertruck electric pickup is nearing its delivery milestone.

Portfolio Pulse from Chris Katje

October 10, 2023 | 9:54 pm

ATVI

MSFT

Activision Blizzard Inc (NASDAQ:ATVI) has announced its plans to start offering its games on Xbox Game Pass in 2024, following the impending acquisition by Microsoft Corp (NASDAQ:MSFT). However, anticipated titles such as Call of Duty: Modern Warfare III and Diablo IV will not be available on Game Pass this year. An existing agreement prevents Call of Duty from appearing on Game Pass until at least January 2025, but this does not necessarily prevent Diablo IV from potentially arriving on the service next year.

Portfolio Pulse from Franca Quarneti

October 10, 2023 | 9:10 pm

ETHUSD

USDCUSD

Circle has started minting USD Coin (USDC) natively on the Ethereum layer-2 scaling protocol Polygon, allowing users and developers to access USDC without bridging the stablecoin from Ethereum to another blockchain. The new offering will enable almost instant, low-fee transactions for various use cases. The service of bridged USDC (USDC.e) from the Ethereum blockchain will be discontinued from Nov.10. Circle also plans to introduce a cross-chain transfer protocol to Polygon to enable interoperability with other blockchain networks.

Portfolio Pulse from Khyathi Dalal

October 10, 2023 | 9:07 pm

CBOE

Benzinga's Michael Murray interviewed Jonathan Zaionz, Senior Derivatives Analyst at Cboe Global Markets (BATS:CBOE), discussing 0DTE - zero days to expiration - options. Cboe Global Markets, a leading provider of market infrastructure operating in 26 markets globally, offers trading in options, futures, equities, FX, digital assets, and more. 0DTE options, long used by institutional players, are gaining popularity with the retail market.

Portfolio Pulse from Johnny Rice

October 10, 2023 | 9:02 pm

AMZN

Amazon's Ring is offering a $1 million prize to any U.S. resident who captures unaltered scientific evidence of a real extraterrestrial lifeform on any Ring device. The submissions will be reviewed by a space and extraterrestrial expert. The company is also offering $500 Amazon gift cards for creative interpretations of extraterrestrial sightings on their Ring devices.

Portfolio Pulse from Adam Eckert

October 10, 2023 | 8:57 pm