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TSLA

Tesla Inc (NASDAQ:TSLA) has reduced the price of its most expensive Model Y version in Canada by 5.8%, marking the second price cut this month for the Model Y variants. The Model Y Performance now costs C$69,990, down from C$74,290. Earlier price reductions were applied to the rear-wheel drive and long-range versions. These adjustments make the Model Y's starting price equivalent to that of the Model 3 sedan. Tesla's Model Y has become the world's best-selling vehicle model in 2023, with over 1.2 million units delivered.

Portfolio Pulse from Anan Ashraf

February 07, 2024 | 4:00 am

BTCUSD

U.S. Treasury Secretary Janet Yellen urged Congress to introduce legislation for regulating stablecoins and the crypto spot market not classified as securities, highlighting the need to address regulatory gaps and potential misuse for payments and money laundering. Yellen's call for regulation comes amidst slow legislative movements due to a divided Congress. She proposes a federal regulator for stablecoins and regulatory protection for individuals holding stablecoins in wallets.

Portfolio Pulse from Mehab Qureshi

February 07, 2024 | 3:43 am

BABA

DIS

SNAP

TSLA

U.S. stocks showed positive momentum with the Dow Jones, NASDAQ, and S&P 500 all posting gains. Snap, Alibaba, Ford, Disney, and Tesla were among the top stocks that caught investors' attention, each showing significant price movements and key financial updates. Snap reported a revenue increase, Alibaba is anticipated to release its earnings report, Ford exceeded revenue expectations, Disney is awaited to report its earnings, and Tesla highlighted strong delivery numbers.

Portfolio Pulse from Benzinga Neuro

February 07, 2024 | 3:02 am

TSLA

Tesla Inc (NASDAQ:TSLA) reported a sales rebound in China for February, with 1.81 million units delivered in 2023, surpassing analyst estimates. The company saw a 22.6% year-over-year increase in insurance registrations for the week of Jan. 29 through Feb. 4, 2024, and an 8.2% increase in units sold in January year-over-year. Tesla has introduced new sales initiatives in China, facing stiff competition from other EV makers. TSLA shares were up 2.23% at market close on Tuesday.

Portfolio Pulse from Chris Katje

February 07, 2024 | 12:27 am

FEAM

HCC

LYSCF

5E Advanced Materials supports adding boron to the U.S. Critical Mineral List, highlighting its strategic importance for energy and defense. Lynas Rare Earths ends discussions with MP Materials regarding a potential transaction. Warrior Met Coal publishes its 2023 sustainability report, showcasing significant improvements in safety and emissions reductions.

Portfolio Pulse from Austin DeNoce

February 06, 2024 | 11:44 pm

DIS

FOX

WBD

Disney, Warner Bros. Discovery, and Fox Corp have announced a joint venture to launch a new sports streaming service in the fall. The service will include a wide range of channels and the option to bundle with Disney+, Hulu, and Max. The venture aims to innovate the streaming sports platform, offering more choice and value to consumers. The service's name and price will be disclosed upon finalizing definitive agreements. Shares of Fox Corp and Warner Bros. Discovery rose over 3% after the announcement, while Disney shares fell about 1%.

Portfolio Pulse from Adam Eckert

February 06, 2024 | 11:20 pm

SONY

Sony Group Corp. (NYSE:SONY) announced a PlayStation 5 beta update featuring new features and quality-of-life improvements. The beta, available to invited participants in select countries, includes enhancements to the DualSense controller's speaker audio, improved share-screen interactions, and the ability to adjust the PS5's power indicator brightness. Sony noted that not all beta features might reach the final version.

Portfolio Pulse from Franca Quarneti

February 06, 2024 | 10:59 pm

During a conference call, Ford's CEO announced that the company's next generation vehicles are expected to be profitable within the first 12 months of their launch. This statement underscores Ford's confidence in the profitability and market acceptance of its upcoming vehicle lineup.

Portfolio Pulse from Charles Gross

February 06, 2024 | 10:31 pm

LINKUSD

SOLUSD

Cryptocurrency analyst Moustache predicts a 70% upside for altcoins based on the Gaussian channel turning green, a signal historically indicating positive momentum. Altcoins have also broken out of a two-year Falling Wedge, entering a bullish consolidation phase. Despite Bitcoin ETF's lackluster impact, altcoins like Solana (SOL) and Chainlink (LINK) are gaining attention, with predictions of a Q1 Altcoin Hype Cycle and a potential market cap continuation towards $2.2T.

Portfolio Pulse from Khyathi Dalal

February 06, 2024 | 10:07 pm

DIS

FOXA

WBD

ESPN, FOX, and Warner Bros. Discovery have formed a joint venture to offer a comprehensive sports broadcasting package. This package includes major sports leagues and events such as the NFL, NBA, WNBA, MLB, NHL, NASCAR, college sports, UFC, PGA TOUR Golf, Grand Slam Tennis, FIFA World Cup, cycling, and more.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:06 pm