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TSLA

Tesla Inc (NASDAQ:TSLA) showcased the first deliveries of its Cybertruck, with analysts providing mixed reactions. Goldman Sachs maintains a Neutral rating with a $235 price target, Morgan Stanley an Overweight rating with a $380 target, and RBC Capital Markets an Outperform rating with a $301 target. Analysts predict Cybertruck will represent 5% of Tesla's revenue and negligible profit by 2025. Comparisons were made to Ford Motor Co (NYSE:F) and Rivian Automotive (NASDAQ:RIVN), with concerns about the Cybertruck's high price point and its impact on reservation conversion rates.

Portfolio Pulse from Chris Katje

December 01, 2023 | 6:11 pm

FSR

Fisker Inc. reported that as of November 30, it had 123 vehicles delivered or in transit to customers, which has led to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 6:09 pm

ETHUSD

On Thursday, 9,627.23 Ether (ETH) valued at approximately $20.17 million was burned, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5th, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% annually, expected to drop to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -11.93% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 6:00 pm

AAPL

AMD

DELL

HPQ

INTC

LNVGY

NVDA

Dell Technologies reported Q3 results with revenue falling short of estimates at $22.25 billion, a 12% YoY drop, despite beating earnings expectations. The PC market is recovering slower than expected, as reflected by Dell and its rival HP Inc. Dell's shares fell 4% post-announcement. Gartner noted a decline in PC shipments, with Dell ranking third. Canalys anticipates AI-powered PCs to drive market growth from 2025. AMD and Intel are set to unveil new AI products, challenging Nvidia's position in the AI chip market.

Portfolio Pulse from Upwallstreet

December 01, 2023 | 5:59 pm

EADSY

Airbus SE's subsidiary AALTO HAPS Ltd. is developing high-altitude, solar-powered drones in Kenya to provide communication services and earth observation. The Zephyr aircraft can stay airborne for days and will operate from global bases, starting with Kenya. These drones offer detailed remote observation and connectivity, especially in remote areas. AALTO plans to start operations next year and serve customers from Q3, potentially creating up to 1,000 jobs. The drones operate at a lower altitude than SpaceX's satellite networks.

Portfolio Pulse from Nabaparna Bhattacharya

December 01, 2023 | 5:49 pm

AZN

LLY

NVO

SNY

The European Medicines Agency (EMA) is seeking further clarifications from makers of GLP-1 receptor agonists, including Novo Nordisk's Ozempic and Wegovy, to investigate reports of suicidal thoughts. The PRAC has reviewed evidence from various sources and will discuss the issue in April 2024. Reports of suicidal ideation linked to these drugs, including cases from Iceland and off-label prescriptions in the U.S., have prompted this action. Companies affected include Novo Nordisk, AstraZeneca, Sanofi, and Eli Lilly.

Portfolio Pulse from Vandana Singh

December 01, 2023 | 5:43 pm

ETHUSD

The Starknet Foundation acknowledged the leak of screenshots showing an early version of a potential provisions portal for STRK token distribution. The criteria for eligibility have been set, and no current actions will influence this. The foundation will release final details once they are ready. Starknet, a Layer 2 network on Ethereum, was developed by StarkWare and is now managed by the Starknet Foundation.

Portfolio Pulse from Murtuza Merchant

December 01, 2023 | 5:27 pm

HUBC

Shares of Hub Cyber Security Ltd (NASDAQ:HUBC) surged approximately 30% following the announcement of an expanded collaboration with Blackswan Technologies Ltd. The partnership focuses on providing Confidential Computing cybersecurity solutions to protect critical data in the financial sector. The deal, which includes a three-year term with a possible two-year extension, is expected to generate over $25 million in revenue for HUB within the next 18 months. The company's CSO, Noah Hershcovitz, highlighted the potential for increased customer pipeline in banking and investment sectors.

Portfolio Pulse from Lekha Gupta

December 01, 2023 | 5:15 pm

AAPL

PARA

Paramount shares have risen after reports of discussions with Apple about bundling streaming services, indicating potential collaboration between the two companies.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 5:12 pm

AMZN

Beta Technologies, an electric aerospace company backed by Amazon.com Inc (NASDAQ:AMZN), is expanding in New York with a $41 million investment in Plattsburgh International Airport. The expansion is supported by a $20 million state grant and aligns with New York's zero-emission vehicle investment. It will create 85 jobs and establish a manufacturing and assembly hub for electric aircraft. Beta's recent achievements include a 1,730-mile flight and delivering its first product to the U.S. Air Force. The hybrid aircraft market is expected to grow significantly by 2030.

Portfolio Pulse from Anusuya Lahiri

December 01, 2023 | 5:11 pm