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VWAGY

Volkswagen AG plans to introduce affordable electric vehicles (EVs) priced under $30,000. The company aims to reduce battery costs through a standard cell from subsidiary PowerCo and cost-effective cell chemistry without cobalt and nickel. Volkswagen also plans to use its MEB+ platform to enable fast charging in less than 20 minutes. The company's ID. 2 all-concept vehicle, with a starting price below $26,873, will be built on the MEB entry platform and is one of ten new electric models to be launched by 2026.

Portfolio Pulse from Anan Ashraf

September 06, 2023 | 4:51 am

MCD

TSLA

Tesla CEO Elon Musk has dismissed rumors of a partnership with McDonald's to launch a 'Cyber Spoon', calling it 'fake news'. The rumor was based on a post from a Tesla investor who claimed that Tesla China had partnered with McDonald's for the product. Despite Musk's denial, the investor shared screenshots of Tesla's Weibo account promoting the product.

Portfolio Pulse from Anan Ashraf

September 06, 2023 | 4:50 am

BTCUSD

eFuse, an esports technology company, has put its 'Creator League' project on hold following controversy over the use of blockchain technology. The league, backed by influencers such as MrBeast, introduced 'Community Passes' associated with the gamers and influencers leading teams in the esports league. However, concerns were raised about the use of the Near blockchain to validate data and log information related to the passes. The company clarified that these passes were not Non-Fungible Tokens (NFTs).

Portfolio Pulse from Mehab Qureshi

September 06, 2023 | 4:36 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has redesigned the turn signals in its latest Model 3, moving them from the steering wheel stalks to small buttons on the left side of the steering wheel. This change has sparked negative responses from fans, with some stating they would not purchase the new Model 3 due to this change. The company has not yet responded to the fan reactions.

Portfolio Pulse from Benzinga Neuro

September 06, 2023 | 4:28 am

TSLA

Tesla Inc (NASDAQ:TSLA) has increased the price of its yoke steering wheel four-fold, now priced at $1000, available as a customization option on Model S and X. This follows Tesla's recent price cuts on Model S and X EVs in the U.S., ranging from 15.3% to 18.8%. Tesla also made all color options for Model S and X vehicles free and reduced the price of full self-driving capability by 20%.

Portfolio Pulse from Anan Ashraf

September 06, 2023 | 3:52 am

F

Ford (NYSE:F) has filed for a new trademark, F-200, which is speculated to be a more powerful electric truck than the F-150 Lightning. The trademark might be linked to Ford’s forthcoming full-size electric truck, unofficially dubbed 'T3'. The new electric truck is likely to be unveiled next year with production at Ford's new BlueOval City complex in Tennessee. Despite a surge in web traffic and orders, F-150 Lightning sales dropped by 57% in August compared to the previous year. Ford is now planning to triple the F-150 Lightning production.

Portfolio Pulse from Benzinga Neuro

September 06, 2023 | 3:29 am

AAPL

Apple Inc.'s 13-inch MacBook Air is now available at a significant discount of $600 on Woot, reducing the price to $499. The deal applies to the 8GB RAM and 256GB SSD configuration in the Space Gray color option. The MacBook Air is powered by a 10th generation Intel Core i3 dual-core processor with integrated Intel Iris graphics.

Portfolio Pulse from Rounak Jain

September 05, 2023 | 10:38 pm

ETHUSD

Cryptocurrency wallet MetaMask has introduced a Sell feature, allowing users to convert digital assets like Ethereum (ETH) to traditional currencies. The feature is currently available in the U.S., U.K., and parts of Europe, with plans to expand to more countries and add other tokens. The converted currency can be added to the user's PayPal balance, following a collaboration between PayPal and MetaMask in December 2022. MetaMask, known for its simplicity and security, was founded by ConsenSys.

Portfolio Pulse from Khyathi Dalal

September 05, 2023 | 9:34 pm

LTH

Life Time has announced plans to build its first pickleball club in Chanhassen, Minnesota, with completion expected in early 2024. The company is also seeking additional locations for its pickleball-focused concept, aiming to have over 1,000 pickleball courts by the end of next year.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:38 pm

CRLBF

Cresco Labs Inc.'s CEO, Charlie Batchell, discussed the potential reclassification of cannabis and its impact on the industry and federal reform. He sees this as the first official step in federal reform. He also noted that the reclassification could revolutionize how cannabis companies handle their finances, especially if cannabis is moved away from the stringent effects of IRS Section 280. Batchell predicts the DEA's alignment with the Department Of Health & Human Services' recommendation will be the next step.

Portfolio Pulse from Joana Scopel

September 05, 2023 | 8:31 pm