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Benzinga's weekly review covers bullish and bearish perspectives on stocks like Tesla, GameStop, and Disney, as well as the cryptocurrency Dogecoin. The S&P 500, Dow, and Nasdaq saw gains, while Fed Chair Powell signaled a readiness to adjust policies amid inflation concerns. Tesla's Cybertruck launch is seen as a key event, Dogecoin's ownership is highly concentrated, and GameStop may see a surge. Disney faces a boardroom battle, China's foreign investment dips, and Meta struggles with VR headset sales.

Portfolio Pulse from Michael Cohen

December 02, 2023 | 2:44 pm

BTC-USD

ETH-USD

SHIB-USD

The cryptocurrency market saw significant activity with Shiba Inu's burn rate increasing by 500%, the creation of Kissinger-themed tokens post-Henry Kissinger's death, anticipation of Spot Bitcoin ETF approval, and predictions of price movements for Bitcoin and other cryptocurrencies. Shiba Inu burned 83 million tokens, Kissinger tokens generated over $307,000 in trading volume, and Bitcoin is forecasted to reach $524,000 in the next four years.

Portfolio Pulse from Benzinga Neuro

December 02, 2023 | 2:35 pm

FSR

KARS

NIO

RIVN

TSLA

In the past week, Tesla's Cybertruck launch was seen as a pricier 'side story' and Fisker scaled back production plans for the fourth time. Ford dealers are quitting the EV program due to stringent criteria, while Nio is offering incentives to boost sales. Rivian launched a leasing option for its R1T pickup truck. The KraneShares Electric Vehicles and Future Mobility Index ETF had a slight increase on Friday but an overall weekly loss.

Portfolio Pulse from Shanthi Rexaline

December 02, 2023 | 2:34 pm

TSLA

Reddit co-founder Alexis Ohanian was among the first to receive a Tesla Cybertruck at the delivery event on Nov. 30. Ohanian shared his excitement on social media, posting pictures and a live video of his first drive. Elon Musk responded positively to Ohanian's posts. Tesla delivered a few Cybertrucks at its Texas gigafactory, with the base model starting at $60,990 and the top-tier Cyberbeast at $99,990. Musk praised the Cybertruck as Tesla's best product.

Portfolio Pulse from Anan Ashraf

December 02, 2023 | 10:00 am

BYDDF

BYDDY

TSLA

BYD Co Ltd reported a 31% YoY increase in sales volume for November, with 301,903 new energy vehicles sold, including 170,150 BEVs, marking a 49% jump in the BEV segment. The company, backed by Warren Buffett's Berkshire Hathaway, has ceased production of oil-fueled vehicles since April last year, focusing solely on new energy vehicles. BYD's growth brings it close to Tesla Inc's sales figures, with BYD selling approximately 432,000 BEVs in Q3, just below Tesla's 435,000 units.

Portfolio Pulse from Anan Ashraf

December 02, 2023 | 9:01 am

AAPL

Apple Inc. (NASDAQ:AAPL) is celebrating Taylor Swift as its 'Artist of the Year' by hosting a free 'Taylor Swift Eras Experience' event in New York City on December 8 and 9. Fans can register on Apple's website for a chance to win tickets, with the registration ending on December 2. The event will not feature Swift herself but will celebrate her record-breaking Eras Tour and concert film, which have significantly impacted the economy and set new records.

Portfolio Pulse from Rounak Jain

December 02, 2023 | 8:32 am

AMZN

SpaceX has signed a contract to launch Amazon's Project Kuiper satellites, which will provide satellite internet similar to SpaceX's Starlink. The launches will begin mid-2025 using the Falcon 9 rocket. Amazon has also contracted with Arianespace, United Launch Alliance, and Blue Origin for additional launches. Elon Musk stated that SpaceX launches competitor satellites fairly, without favoring their own. Amazon's first Kuiper satellites were launched in October, and full-scale deployment is planned for the first half of 2024, with customer pilots in the second half.

Portfolio Pulse from Anan Ashraf

December 02, 2023 | 7:10 am

TSLA

Ford Motor Co's CEO Jim Farley announced record sales for the F-150 Lightning in November, with nearly 4,400 units sold, doubling from last year. This comes as Tesla begins delivering its Cybertruck, which is more expensive than Ford's electric truck. Despite the competition, the Lightning's sales indicate strong demand and resilience against the new entrant in the EV truck market.

Portfolio Pulse from Anan Ashraf

December 02, 2023 | 5:05 am

TSLA

Tesla Inc (NASDAQ:TSLA) announced that the $7,500 EV tax credit for two versions of its Model 3 will be reduced to $3,750 starting January 1, 2024. This follows new guidance from the Biden administration to reduce Chinese content in EV batteries. Tesla urges buyers to take delivery before the end of the quarter to secure the full credit. The updated guidance also stipulates that from 2024, EVs cannot have battery components from 'foreign entities of concern' and from 2025, no critical minerals from such entities.

Portfolio Pulse from Anan Ashraf

December 02, 2023 | 4:48 am

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ: TSLA), responded to a CGI video by SoKrispyMedia showing Tesla bots conducting bulletproof testing on a Cybertruck. Musk suggested that the scenario could become a reality next year, sparking interest among Cybertruck and Tesla bot enthusiasts. During Tesla's last earnings call, Musk declined to provide updates on the humanoid robot, Optimus, but previously mentioned that it would be walking by November and could be useful in Tesla factories sometime next year.

Portfolio Pulse from Anan Ashraf

December 02, 2023 | 3:17 am