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DOGEUSD

Users of Elon Musk's social media platform, X, are expressing concern over a decline in engagement and ad revenue payout. Dogecoin co-creator Billy Markus acknowledged a decrease in his own ad revenue payout but maintained a positive outlook. He suggested that a larger pool of users sharing in ad revenue or changes to the algorithm could be contributing factors to the dip in revenue and engagement.

Portfolio Pulse from Ananya Gairola

September 02, 2023 | 7:39 am

BYDDF

TSLA

Chinese EV manufacturer BYD Co Ltd., backed by Warren Buffett, reported an 86% increase in new energy vehicle deliveries for August, including plug-in hybrid and battery-electric vehicles. Battery-electric vehicle (BEV) sales reached 155,967 units in August, up 88% YoY and 11% MoM. Despite BYD's growth, Tesla Inc. continues to lead the Chinese market with a 60% YoY increase in sales, selling about 325,000 units through July. BYD's shares rose 0.4% in overseas trading, and its US-listed ADRs saw a 2.5% increase, while Tesla's stock fell about 2% in early trading Friday.

Portfolio Pulse from Benzinga Neuro

September 02, 2023 | 4:04 am

AAPL

GOOG

META

Adam Mosseri, the head of Instagram, a subsidiary of Meta Platforms Inc., revealed that the majority of Instagram users prefer Android devices over Apple's iPhones. This information was disclosed during a discussion on Threads, a new text-based companion to Instagram launched by Meta in July. Initially, the iPhone version of Threads received more focus, with the latest features being introduced to Apple devices first.

Portfolio Pulse from Ananya Gairola

September 02, 2023 | 3:29 am

AAPL

GOOGL

Elon Musk is reportedly testing a feature on X (formerly Twitter) that would allow content creators to retain their audience if they choose to leave the platform. The feature would provide subscribers' email addresses to creators, facilitating direct communication. However, some users have complained about their subscription applications still pending, reportedly due to the need for approval by Apple Inc. and Alphabet Inc. app stores.

Portfolio Pulse from Ananya Gairola

September 02, 2023 | 2:54 am

TSLA

A new image of Tesla's Cybertruck frunk has sparked mixed reactions online, with some critics questioning its depth and others praising its versatility. The image shows the frunk as seemingly shallow, leading to comparisons with Ford's F-150 Lightning. Some users are optimistic, refusing to draw conclusions from just a picture. Tesla CEO Elon Musk has stated that the Cybertruck delivery event will be held later this year.

Portfolio Pulse from Anan Ashraf

September 02, 2023 | 2:36 am

F

TSLA

Former Ford CEO, Mark Fields, has commented on the rising costs of vehicles, weakened demand, and the potential impact of a union strike on automotive companies. He noted that Tesla recently announced price cuts to its Model X and Model S in the U.S., attributing this to demand issues and the high cost of new vehicles. Fields also discussed the ongoing contract negotiations between automakers and the United Auto Workers (UAW), stating that labor represents around 10% of the cost of vehicles. He suggested that an increase of 20% or less in wages could be manageable for companies selling high-margin pickups and SUVs.

Portfolio Pulse from Chris Katje

September 01, 2023 | 9:32 pm

DIS

DKNG

ONON

The 143rd U.S. Open tennis tournament is currently underway, with coverage being shown across the ESPN family of channels owned by The Walt Disney Company (NYSE:DIS), including the ESPN+ streaming platform. Betting lines for the tournament are provided by DraftKings Inc (NASDAQ:DKNG). The tournament could potentially impact the stock of On Holding (NYSE:ONON), which sponsors tennis star Iga Swiatek.

Portfolio Pulse from Chris Katje

September 01, 2023 | 9:12 pm

INDI

indie Semiconductor (NASDAQ:INDI) has expanded its operations to include a quality lab facility at its engineering center in Dresden, Germany. The lab will provide comprehensive characterization, stress testing, and failure analysis for indie's system-on-chip (SoCs) and system solutions. The expansion is part of indie's commitment to the automotive market and its strategy to provide superior in-house technical support for its customers.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 8:50 pm

DNA

Ginkgo Bioworks CEO, Jason Kelly, appeared on CNBC to discuss the role of artificial intelligence in drug development. No specific details about the company's performance or future plans were disclosed.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 8:24 pm

F

Former Ford CEO stated on CNBC that one needs to make over $100,000 to afford a new car, but he also noted that car prices are starting to decrease. He predicted that this trend will continue as the inventory corrects.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 8:18 pm