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TSLA

Tesla's Giga Shanghai factory is demonstrating impressive production efficiency, producing one vehicle every 40 seconds, making it the largest in terms of output. The factory also offers a variety of meal choices for its employees, including international brands like Taco Bell, Burger King, and KFC, at half the prices outside the factory.

Portfolio Pulse from Benzinga Neuro

July 28, 2023 | 10:32 am

VZ

Verizon Communications Inc. is offering a pre-order deal for Samsung's new Galaxy Z Flip 5, which includes savings of up to $1,120 and a free Galaxy Watch 6. The deal is available for both existing and new customers, and includes a free storage upgrade, a trade-in discount of up to $1,000, and a free Galaxy Watch 6.

Portfolio Pulse from Rounak Jain

July 28, 2023 | 9:29 am

F

Ford is recalling 870,701 F-150 vehicles from 2021-2023 due to unexpected activation of the electric parking brake, according to the National Highway Traffic Safety Administration (NHTSA).

Portfolio Pulse from Charles Gross

July 28, 2023 | 8:52 am

LCID

Lucid Motors (NASDAQ:LCID) has teased the release of its limited-production Air Sapphire, a luxury electric super-sports sedan. The vehicle, which is expected to be available soon, will be sold in the U.S. and Canada for $249,000 USD and $325,000 CAD, respectively. The Air Sapphire can deliver over 1,200 horsepower with its three-motor powertrain and can accelerate from 0-60 mph in less than 2 seconds. In recent tests, the Sapphire prototype outperformed a Ferrari SF90 Spider and beat a Tesla Model S Plaid and a Bugatti Chiron Pur Sport in a quarter-mile drag race.

Portfolio Pulse from Anan Ashraf

July 28, 2023 | 8:41 am

IFNNY

SEDG

Infineon Technologies (IFNNY) and SolarEdge Technologies (SEDG) have signed a multi-year capacity reservation supplier agreement to promote green energy solutions. The details of the agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 7:23 am

GNTA

Genenta, a biopharmaceutical company, has announced ongoing progress in its clinical trials and plans to expand in solid tumor treatments. The company's advancements may lead to new treatment options for patients with solid tumors.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 7:21 am

F

TSLA

Ford Motor Co (NYSE:F) CEO Jim Farley explained that the company cut the price of its F-150 Lightning electric pickup to create an order bank for a tripling in production. The price cut brought the tag on the vehicle down and closer to $50,000 but it is still above the Lightning’s launch price. Several analysts have pegged the price cut to an impending price announcement by Tesla (NASDAQ:TSLA) for its upcoming Cybertruck.

Portfolio Pulse from Anan Ashraf

July 28, 2023 | 6:07 am

EOSE

Eos Energy Enterprises anticipates a 2Q23 revenue of $0.2 million as it shifts manufacturing to the Eos Z3™ battery. The company also expects its gross margin to improve by 20%-50% QoQ. As of June 30, 2023, the cash balance is projected to be $23.2 million, with booked orders worth $86.9 million for the first half of 2023.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:45 am

META

WhatsApp, owned by Meta Platforms Inc. (NASDAQ:META), has introduced a new feature allowing users to send instant video messages within the chat window. The videos are end-to-end encrypted and cannot be forwarded. The company has also recently rolled out HD photo sharing, which allows users to send higher-resolution images with lighter compression.

Portfolio Pulse from Ananya Gairola

July 28, 2023 | 5:43 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is reportedly under scrutiny for allegedly forming a secret team to handle customer complaints about range issues. The team, known as the 'Diversion Team', was tasked with cancelling as many range-related appointments as possible. The company's performance was evaluated based on the average number of diverted appointments per day, each diversion reportedly saving the company $1,000. However, Gary Black from Future Fund dismissed the report, stating that the EPA sets the advertised battery range for each EV, making it difficult for Tesla to manipulate.

Portfolio Pulse from Shanthi Rexaline

July 28, 2023 | 4:59 am