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TSLA

Tesla is offering discounts on its Model S and Model X vehicles, as well as three years of free supercharging for purchases made before June 30. The company has previously announced multiple rounds of price cuts due to faltering demand amid uncertain economic conditions.

Portfolio Pulse from Shanthi Rexaline

June 18, 2023 | 1:59 pm

BA

Boeing forecasts a global demand for 42,595 new commercial jets, valued at $8 trillion, by 2042 due to the resurgence in international traffic and domestic air travel. The 2023 Commercial Market Outlook was released ahead of the Paris Air Show.

Portfolio Pulse from Charles Gross

June 18, 2023 | 2:05 am

GOOG

GOOGL

META

This week's top AI stories include warnings about AI as a potential threat to humanity, OpenAI's ChatGPT portfolio beating most funds, Meta Inc's introduction of Voicebox, Elon Musk's dystopian AI vision, Jack Dorsey's disagreement with Musk on AI regulation, and Google banning internal use of AI chatbots.

Portfolio Pulse from Benzinga Newsbot

June 17, 2023 | 7:03 pm

AAPL

Apple had an eventful week with the launch of its M2-powered Mac lineup, a trademark dispute with Huawei over the name 'Vision Pro', and a clash with Elon Musk and Jack Dorsey over App Store policies. A study also revealed that iPhones are winning over more Android users.

Portfolio Pulse from Benzinga Newsbot

June 17, 2023 | 6:45 pm

F

GM

TSLA

The past week saw legal battles involving Donald Trump, Florida Governor Ron DeSantis signing a law banning direct-to-consumer (DTC) auto sales, and Elon Musk praising Tucker Carlson's defense of Trump. The new Florida law benefits Tesla and potentially hurts traditional automakers like General Motors and Ford.

Portfolio Pulse from Benzinga Newsbot

June 17, 2023 | 4:16 pm

TSLA

Tesla Energy has surpassed 500,000 Powerwall installations worldwide, with a reported 3.9GWh in Q1, up 360% YoY. The company's partnerships with third-party installation companies and increased production capabilities have contributed to this growth. Tesla recently confirmed virtual power plants in Texas and Puerto Rico backed by Powerwall.

Portfolio Pulse from Chris Katje

June 17, 2023 | 1:39 pm

GM

NIO

NKLA

RIVN

TM

TSLA

Tesla's Cybertruck update, Rivian's removal from Nasdaq 100, Nio's price cuts, and GM's new EV battery plant were among the biggest EV stories of the week. Tesla reached an eight-and-a-half month high, while Rivian is set to be removed from the Nasdaq 100 Index on June 20. Nio announced price cuts for its models, and GM plans to build a $3 billion EV battery plant in Indiana.

Portfolio Pulse from Shanthi Rexaline

June 17, 2023 | 1:05 pm

META

Meta Platforms Inc. has lowered the minimum age requirement for its Quest VR headset from 13 to 10, sparking debates over child development, online safety, and parental supervision. Parent approval will be mandatory for creating a kid's account, and only age-appropriate and safe apps will be recommended.

Portfolio Pulse from Ananya Gairola

June 17, 2023 | 6:19 am

AMZN

FOXA

FOXB

GOOG

GOOGL

RUM

Twitter is revamping its business model to focus on video, creators, and commerce partnerships, aiming to compete with Amazon's Twitch, YouTube, and TikTok. The new strategy aims to expand revenue streams and strengthen Twitter's position in the social media landscape.

Portfolio Pulse from AJ Fabino

June 16, 2023 | 8:40 pm

NFLX

CNN's Anderson Cooper will feature an episode on magic mushrooms and their potential therapeutic benefits in his upcoming show 'The Whole Story.' The episode will air on Sunday, June 18, and will explore psilocybin's potential as a treatment for various conditions, including depression, anxiety, and substance abuse.

Portfolio Pulse from Lara Goldstein

June 16, 2023 | 8:23 pm