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TSLA

Tesla, Inc. (NASDAQ:TSLA) increased the price of the Model 3 Long Range (LR) variant by $500, making it nearly equivalent in price to the Model Y LR variant, which had its price temporarily reduced by $1,000. This adjustment, along with a $7,500 EV tax credit, makes the Model Y LR cheaper than the Model 3 LR. The price changes and delivery lead time extension for the Model 3 LR suggest fluctuating demand and supply dynamics. Tesla's recent price adjustments reflect a strategic shift after previous global price cuts in 2023 did not boost sales as expected and impacted margins. Tesla's stock price has been stagnant amid these changes and recent inflation concerns, with a 2.18% drop to $184.02 on Tuesday.

Portfolio Pulse from Shanthi Rexaline

February 14, 2024 | 5:54 am

LYFT

Lyft (NASDAQ:LYFT) experienced a significant increase in stadium rides by over 35% in 2023, attributed to Taylor Swift and Beyoncé's tours, contributing to impressive Q4 performance. The company underwent restructuring, including layoffs, to drive towards profitability and announced compensation for drivers earning less than 70% of what riders paid. Lyft's partnership with Motional to offer self-driving rides is part of its growth strategy despite concerns around autonomous vehicles.

Portfolio Pulse from Benzinga Neuro

February 14, 2024 | 5:39 am

SHOP

Shopify Inc (NYSE:SHOP) President Harley Finkelstein discussed the company's international expansion plans in an interview with CNBC's Jim Cramer, highlighting it as a key growth area. Finkelstein emphasized the importance of making international sales as seamless as local ones and mentioned Shopify's work with international clients like Suntory and On Running. The discussion follows Shopify's Q4 earnings report, which showed a 24% year-over-year revenue growth to $2.14 billion, beating estimates.

Portfolio Pulse from Benzinga Neuro

February 14, 2024 | 5:20 am

HOOD

Robinhood CFO Jason Warnick discussed the impact of Bitcoin ETFs on their platform, noting they account for 5% of crypto trading activities. Despite the introduction of 11 Bitcoin ETFs, traditional crypto trading remains dominant. Robinhood saw a 10% year-over-year increase in crypto revenue in Q4, reaching $43 million, attributed to higher trading volumes from new Bitcoin ETFs and overall market growth. HOOD's share price saw a 1.42% decline to $11.84.

Portfolio Pulse from Mehab Qureshi

February 14, 2024 | 3:50 am

TSLA

A recent video showing the Tesla Cybertruck rescuing a stuck Ford F-150 from a snow mound has sparked diverse reactions online, challenging previous skepticism about the Cybertruck's performance in snowy conditions. The video highlights the importance of driver experience and vehicle capability in off-road scenarios.

Portfolio Pulse from Benzinga EV Insights

February 14, 2024 | 1:19 am

TSLA

The Dawn Project, a safety advocacy group, aired two Super Bowl ads criticizing Tesla Inc's (NASDAQ:TSLA) Full Self-Driving (FSD) software for safety concerns. The group claims the software can cause accidents, such as hitting a child or ignoring stop signs, and accuses Tesla of not making necessary changes despite being aware. The National Transportation Safety Board (NTSB) has distanced itself from the Dawn Project, demanding the removal of its seal from their materials.

Portfolio Pulse from Adam Eckert

February 13, 2024 | 11:00 pm

FMST

HYMC

METC

Ramaco Resources, Inc. (METC) forecasts a nearly 50% increase in Q4 2023 net income and a 25% rise in Adjusted EBITDA, with steady coal shipments and a record sales volume. The company also acquired a preparation plant to enhance efficiency. Hycroft Mining Holding Corporation (HYMC) begins its 2024 drilling program at the Hycroft Mine, targeting high-grade silver. Foremost Lithium Resource & Technology Ltd. (FMST) starts drilling at its Zoro Lithium Property, aiming for significant resource expansion.

Portfolio Pulse from Austin DeNoce

February 13, 2024 | 10:50 pm

GME

MSFT

SONY

Microsoft Corp. (NASDAQ:MSFT) is set to reveal the future direction of Xbox in a special edition of the Official Xbox Podcast featuring Phil Spencer, Sarah Bond, and Matt Booty. The podcast will discuss updates on the Xbox business and is expected to address topics such as first-party releases and their availability on other platforms like Sony Group Corp.'s (NYSE:SONY) PlayStation. Speculation about Xbox's brand or services arose from a now-deleted tweet by GameStop Corp. (NYSE:GME) mentioning 'Microsoft Game Pass'.

Portfolio Pulse from Franca Quarneti

February 13, 2024 | 10:42 pm

NGD

New Gold Inc. forecasts its 2024 consolidated gold production to range between 310,000 to 350,000 ounces, compared to 321,178 ounces in 2023. The company anticipates stronger production in the latter half of 2024, attributing approximately 60% of its annual production to this period due to waste stripping at Rainy River in the first half. Additionally, New Gold expects a 16% increase in copper production for 2024, estimating between 50 to 60 million pounds, thanks to a higher output from C-Zone at New Afton.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 10:31 pm

CZR

DKNG

A bettor placed a $2 seven-leg parlay at Caesars Entertainment (CZR) with potential winnings of $171,640.03 if all bets hit. Five out of seven bets have won, with only Connecticut and Duke's NCAA basketball championship wins remaining. The odds for these teams have worsened since the bet was placed, according to DraftKings Inc (NASDAQ:DKNG).

Portfolio Pulse from Chris Katje

February 13, 2024 | 10:20 pm