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TSLA

Tesla Inc. (NASDAQ:TSLA) is reportedly developing its Megacharger network, a charging infrastructure for the Class 8 all-electric truck. A recently sighted Megacharger in Baker, California, has sparked speculations about its compatibility with smaller vehicles like the Cybertruck. During the vehicle's first delivery event in December 2022, CEO Elon Musk and Semi truck engineering executive Dan Priestley noted that Tesla had developed an MW charger that could be used for both the Semi and the Cybertruck.

Portfolio Pulse from Benzinga Neuro

July 28, 2023 | 4:40 am

F

TSLA

Ford Motor Co announced that its BlueCruise driving assist feature has enabled 1.4 million hands-free driving hours across North America, a 44% increase in three months. The company now has 225,000 vehicles equipped with the software. The software also hit its 100 millionth-mile of hands-free driving this month. BlueCruise allows users to remove their hands from the steering wheel in certain pre-mapped motorways. The feature is available on select trims of the Mustang Mach-E SUV, the F-150 truck, the F-150 Lightning truck, and the Expedition SUV.

Portfolio Pulse from Anan Ashraf

July 28, 2023 | 3:01 am

F

During a conference call, Ford's CEO announced that the company is aiming to produce 100,000 electric vehicles (EVs) in the fourth quarter.

Portfolio Pulse from Charles Gross

July 27, 2023 | 9:59 pm

INTC

Intel's CEO announced during a conference call that the company's sales pipeline for its AI accelerator chip is worth $1 billion.

Portfolio Pulse from Charles Gross

July 27, 2023 | 9:58 pm

F

During a conference call, the CEO of Ford Motor Company stated that the company plans to introduce more hybrid systems in the future.

Portfolio Pulse from Charles Gross

July 27, 2023 | 9:44 pm

BLTE

Belite Bio, Inc (NASDAQ:BLTE) has dosed the first subject in its pivotal Phase 3 PHOENIX trial for Geographic Atrophy (GA). The trial is evaluating the oral tablet Tinlarebant, which is intended to slow disease progression in subjects with Stargardt Disease and GA in advanced Dry Age-related Macular Degeneration. The trial aims to enroll approximately 430 GA subjects across multiple centers globally. There are currently no FDA-approved oral or non-invasive treatments for GA.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 9:20 pm

MED

Medifast (NYSE:MED) has announced the launch of a new product line, OPTAVIA ACTIVE, marking its entry into the $30B sports nutrition market. The line includes premium exercise supplements and protein powders, with more products expected next year. The company has also partnered with fitness app Aaptiv to provide guided workouts. The new product line will be launched to the public in September 2023.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 9:17 pm

TSLA

Panasonic, a partner of Tesla, is considering supplying electric vehicle (EV) batteries to Subaru, according to Nikkei Asia. This move could potentially diversify Panasonic's customer base and reduce its dependency on Tesla.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:16 pm

F

Ford CEO has announced that the price premiums for electric vehicles (EVs) compared to combustion vehicles have dropped by more than $3,000 in Q2. This indicates a significant reduction in the cost gap between EVs and traditional vehicles.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:10 pm

F

Ford Motor's CEO has stated that the pricing pressure for electric vehicles (EVs) has significantly increased in the past 60 days, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:09 pm