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META

Meta Platforms Inc.'s social media app Threads has seen a drop in daily active users and time spent on the app, despite reaching 100 million users in five days. Twitter founder Jack Dorsey mocked Meta CEO Mark Zuckerberg for sending a follow request on Threads. Dorsey has previously criticized Meta's product for resembling Twitter.

Portfolio Pulse from Bibhu Pattnaik

July 16, 2023 | 6:29 pm

RIVN

TSLA

Tesla has announced the first Cybertruck has rolled off the Giga Texas production line. Analyst Gary Black predicts the Cybertruck will be priced just above the Model Y, with the three variants priced at $49,900, $59,900, and $79,900 respectively. This pricing will allow all trims of Cybertruck to qualify for the $7,500 electric vehicle tax credit under the Inflation Reduction Act of 2022. Black also expects the Cybertruck to compete well against Rivian's R1T electric pickup truck and Ford's F150 Lightning electric pickup truck.

Portfolio Pulse from Shanthi Rexaline

July 16, 2023 | 6:14 pm

AAPL

This week, Apple Inc. announced several product updates and filed a patent for a rollable iPhone. The iPhone 15 Pro Max will feature an enhanced camera, potentially increasing its price. The iPhone 14 will include a crash detection feature. Tesla may soon support Apple's AirPlay for in-car entertainment. Amazon Prime Day will offer deals on the iPhone 13 and iPhone 12 series.

Portfolio Pulse from Benzinga Neuro

July 15, 2023 | 11:00 pm

AAPL

AMZN

DIS

GOOGL

MSTR

TSLA

The Dow Jones, S&P 500, and Nasdaq experienced significant gains this week. Tesla is using its humanoid robot, Optimus, to boost foot traffic in its U.S. stores. Berenberg Capital Market predicts that the 2024 Bitcoin halving will benefit MicroStrategy due to its extensive Bitcoin holdings. Amazon has a significant opportunity in retail and logistics, with its last-mile business now surpassing the U.S. Postal Service. Bob Iger's extended tenure at Disney is viewed as neutral for the stock. Apple's upcoming iPhone 15 Pro Max may be priced higher due to a new camera feature. Alphabet and its AI subsidiary DeepMind are facing a lawsuit alleging covert data collection.

Portfolio Pulse from Michael Cohen

July 15, 2023 | 3:28 pm

COTY

DIS

IMAX

The latest edition of Benzinga Buzz discusses various entertainment news including the ongoing issues in Hollywood, the criticism of Walt Disney Co. CEO Bob Iger by SAG-AFTRA president Fran Drescher, and concerns about the use of AI in the film industry. It also mentions Coty Inc's issue with Kim Kardashian, Imax Corp's agreement to buy a Chinese subsidiary for $124 million, and the impact of AI on actors.

Portfolio Pulse from Anthony Noto

July 15, 2023 | 3:16 pm

GOEV

LCID

NKLA

RIVN

TSLA

The week ending July 14 saw mixed performances in electric vehicle (EV) stocks. Tesla (TSLA) advanced amid expectations for its Q2 earnings. The company shared a photo of the first Cybertruck off the Giga Texas production line, suggesting deliveries may begin in late Q3. Tesla is also reportedly discussing the second phase of its Giga Berlin project and potential EV factory in India. Lucid Group (LCID) fell short on quarterly deliveries, raising doubts about its ability to scale. Rivian Automotive (RIVN) saw its stock rally stall after a record winning streak. Nikola Corp. (NKLA) saw a surge after announcing a deal to sell 50 hydrogen fuel cell energy trucks to BayoTech. Canoo (GOEV) delivered three Artemis crew transportation vehicles to NASA.

Portfolio Pulse from Shanthi Rexaline

July 15, 2023 | 1:35 pm

HSY

Feastables, a brand owned by YouTuber MrBeast, is potentially posing a threat to Hershey's chocolate empire. This comes after a tweet from MrBeast about a blind taste test involving Feastables and Hershey's chocolate. Feastables, which started as a chocolate company in 2022, has grown into a versatile brand offering a range of treats and merchandise, largely due to MrBeast's ability to engage his massive online following.

Portfolio Pulse from Ananya Gairola

July 15, 2023 | 12:57 pm

TSLA

Leaked images of Tesla Inc.'s Cybertruck frame have sparked concerns among potential buyers due to the absence of a cargo tunnel or midgate into the vault, a feature that improves cargo bed space. However, Reddit users have suggested the potential inclusion of a retractable rear window that could provide passthrough access to the truck bed. Tesla CEO Elon Musk expects to sell 250,000 to 500,000 Cybertrucks annually once production is fully ramped up.

Portfolio Pulse from Anan Ashraf

July 15, 2023 | 12:54 pm

TSLA

Ford Motor Co. is considering building a battery-electric replacement for its Fiesta model. If produced, it could compete with Tesla's rumored Model 2 economy EV. Ford's transition to EVs has seen a target of two million EV production by 2026, up from an expected 600,000 in 2023. However, Ford's Model E segment saw a 27% revenue drop in Q1 and is expected to report a loss this year.

Portfolio Pulse from Anan Ashraf

July 15, 2023 | 10:43 am