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WRAP

Wrap Technologies has launched a new virtual reality training scenario for law enforcement to handle high-stress situations. This innovative product is expected to enhance the performance of law enforcement agencies.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 6:00 am

META

Meta Platforms Inc.'s (NASDAQ:META) Threads web launch has failed to generate significant growth in its user base. The launch led to a 20% increase in Threads’ website traffic in the U.S., but it's unclear whether this was due to new users or existing ones transitioning from the mobile app. Globally, the impact was only a 3% increase in website traffic. Threads has seen an 82% drop in daily active users since its launch, leaving the platform with 8 million daily users.

Portfolio Pulse from Ananya Gairola

September 01, 2023 | 5:44 am

TSLA

Tesla Inc has reduced the price of its full self-driving (FSD) capability by 20%, bringing it down to $12,000 from $15,000. This comes despite CEO Elon Musk's previous comments that the $15,000 price was 'very low'. Musk also revealed that customers can now opt for FSD through a monthly subscription, and existing customers can transfer their FSD software package from their old Tesla vehicle to a new one.

Portfolio Pulse from Anan Ashraf

September 01, 2023 | 5:26 am

PSNY

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) CEO Thomas Ingenlath confirmed that the Polestar 4 electric SUV coupe is on track to start production in November, with first customer deliveries expected in China by year-end. Deliveries to the rest of the world are planned for early 2024. The price of Polestar 4 is higher than Polestar 2 but lower than Polestar 3, and is closer to the price range of Porsche Macan. Polestar reported an adjusted EPS loss of $(0.16), missing the consensus loss of $(0.12). Despite this, the company still expects to deliver 60,000-70,000 vehicles in 2023.

Portfolio Pulse from Anan Ashraf

September 01, 2023 | 4:35 am

TSLA

Tesla Inc has launched the upgraded Model 3 with a longer range in various geographies, including China. The refreshed Model 3 rear-wheel drive is priced at 259,900 yuan (nearly $35,769) in China, 12% higher than the previous model. The new Model 3 has a range of up to 629km on a single charge, LED lighting, a rear touchscreen, and a better sound system. It is currently available in China's Mainland, Japan, Malaysia, Australia, New Zealand, Europe, and the Middle East.

Portfolio Pulse from Anan Ashraf

September 01, 2023 | 3:58 am

AMC

Taylor Swift's 'Eras Tour' concert film is set to be released in all AMC Theatres in the U.S., Mexico, and Canada on October 13, despite ongoing Hollywood strikes. The film was produced under an interim agreement struck by SAG-AFTRA, covering non-AMPTP productions. AMC has upgraded its website and ticketing engines to handle increased ticket-buying traffic.

Portfolio Pulse from Benzinga Neuro

September 01, 2023 | 3:39 am

AAPL

Apple Inc.'s AirTag played a crucial role in helping Nashville police apprehend a car thief. The owner of the stolen car had an AirTag hidden inside the vehicle, which allowed the police to track its movement across the city. This incident highlights the usefulness of the AirTag in tracking lost or stolen items, although concerns have been raised about its potential misuse by stalkers.

Portfolio Pulse from Ananya Gairola

September 01, 2023 | 3:13 am

META

Elon Musk has mocked Meta Platforms Inc.'s (NASDAQ:META) Threads' plan to introduce a 'Search' feature. Threads, seen as a rival to Musk's Twitter, recently launched its desktop version. However, since its launch, Threads' popularity has been declining, with accusations that Mark Zuckerberg is not active on the platform.

Portfolio Pulse from Ananya Gairola

September 01, 2023 | 1:59 am

TSLA

Tesla Inc (NASDAQ:TSLA) has officially unveiled its Model 3 refresh, codenamed Highland. The updated model features several exterior and interior redesigns, improved efficiency and range, and reduced road noise. The price of the vehicle is expected to remain about the same. The new Tesla Model 3 is expected to go on sale in Europe in October, with the U.K. following some time in 2024. No mention of U.S. sales has been made.

Portfolio Pulse from Benzinga EV Insights

September 01, 2023 | 1:25 am

DIS

DKNG

MGM

PDYPY

The 2023 NCAA Football season has begun, with DraftKings Inc (NASDAQ:DKNG) providing odds for the 2024 NCAA Football Championship. Georgia is the favorite to win, followed by Alabama, Michigan, and Ohio State. ESPN, a unit of Walt Disney Co (NYSE:DIS), will air the games. BetMGM, a joint venture between MGM Resorts International (NYSE:MGM) and Entain, reported a bet of $205,500 on Alabama to win the championship. FanDuel, a unit of Flutter Entertainment (OTC:PDYPY), reported its biggest bet on the title game as $10,000 bet on USC.

Portfolio Pulse from Chris Katje

August 31, 2023 | 9:30 pm