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NIO

NIO Inc. announced its February 2024 delivery results, delivering a total of 8,132 vehicles, including 4,765 premium smart electric SUVs and 3,367 premium smart electric sedans. This brings NIO's cumulative vehicle deliveries to 467,781 as of February 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:33 am

XPEV

XPeng Inc. announced its February 2024 vehicle delivery results, delivering 4,545 Smart EVs, including 1,448 units of the XPENG X9. The X9 has nearly reached 4,000 units in its first two months, leading in the electric MPV and three-row seater BEV segments. The company expects to accelerate X9 deliveries in March due to capacity ramp-up and the resolution of supply chain issues.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:19 am

IDT

WaveMAX Corporation has relaunched its SharedFi mobile app, allowing users to share and monetize WiFi networks in partnership with MVNOs. The app now includes Zendit functionality, a business of IDT Corporation, for mobile top-ups and eSIM services, as announced at MWC 2024.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 8:57 am

AMZN

WMT

A Consumer Reports investigation found significant security vulnerabilities in video doorbells sold by Amazon.com Inc. (NASDAQ:AMZN) and Walmart Inc. (NYSE:WMT), including susceptibility to hacking. Despite these risks, Amazon continues to feature one of the vulnerable doorbells as 'Amazon's Choice'. Walmart has taken steps to remove these doorbells from its marketplace and offer refunds. The situation highlights concerns about the security of smart home devices and the responsibility of retailers to ensure product safety.

Portfolio Pulse from Ananya Gairola

March 01, 2024 | 8:25 am

HUMA

Humacyte has announced a public offering of 13.4 million shares of common stock priced at $3 per share, totaling $40.2 million. The proceeds will be used to advance its regenerative medicine pipeline, support FDA review of its Biologics License Application for bioengineered human acellular vessels for urgent arterial repair, establish initial commercial infrastructure, and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 8:08 am

AAPL

AMSSY

Rumors suggest the Apple Inc. (AAPL) Watch Ultra with a microLED display might be canceled, impacting supplier ams-Osram (AMSSY) with a 40% stock drop and potential non-cash impairment charges. However, tech journalist Mark Gurman doubts the cancellation, noting multiple suppliers for the project.

Portfolio Pulse from Ananya Gairola

March 01, 2024 | 6:45 am

LUNR

The Odysseus lunar lander, built by Intuitive Machines, Inc. (NASDAQ:LUNR), has gone dormant after losing power during a lunar nightfall, a week following its historic landing on the moon. Despite the mission's premature end, Intuitive Machines received valuable data from the mission's science payloads. The company's stock has seen significant fluctuations but remains up 20% since before the launch.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 6:30 am

TSLA

RBC Capital Markets analyst Tom Narayan highlighted Tesla's Megapack battery storage business as a potential major growth area, possibly surpassing its EV business. He estimated the Megapack's value at $120B by 2024, based on a projected 15% market share of the $600 billion annual battery storage industry by 2040. Despite challenges in the EV sector, Narayan maintained an Outperform rating and a $297 price target for Tesla, citing the upcoming launch of an affordable model as a key catalyst.

Portfolio Pulse from Shanthi Rexaline

March 01, 2024 | 6:27 am

TSLA

Environmental activists from ROBIN WOOD have set up a protest camp in the forest near Tesla Inc.'s Gigafactory Berlin, opposing the planned expansion due to environmental concerns. They demand a halt to the expansion, emphasizing the need for climate-friendly mobility. A recent survey showed 63.5% of Grünheide residents oppose Tesla's expansion. Despite environmental controversies, Tesla's Model Y production at the factory has reached a new high of 6000 units weekly.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 5:16 am

GM

PSNY

RIVN

TSLA

VLVCY

Tesla Inc (NASDAQ:TSLA) announced it will open its supercharger network in North America to Rivian Automotive (NASDAQ:RIVN), General Motors (NYSE:GM), Volvo Car (OTCPK: VLVCY), and Polestar Automotive (NASDAQ:PSNY) starting spring this year. This expansion follows Tesla's inclusion of Ford Motor Co vehicles. The network, comprising three out of every four fast chargers in the region, will initially require an adapter for non-Tesla vehicles, with plans to adopt Tesla's charging standard in the future. Non-Tesla vehicle owners can access charging at Tesla rates through a supercharging membership.

Portfolio Pulse from Anan Ashraf

March 01, 2024 | 4:04 am