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TSLA

Tesla shares rose 1.55% to $224.75 in premarket trading, potentially extending its winning streak to a ninth straight session. The stock is trading below the average analysts' price target of $199. Investors are excited about the upcoming Cybertruck launch and Model 3 refresh.

Portfolio Pulse from Shanthi Rexaline

June 07, 2023 | 9:37 am

FXI

LI

Chinese electric vehicle (EV) manufacturer Li Auto has reportedly started large-scale recruitment for its factory in Shunyi, Beijing, ahead of production commencement in July or August.

Portfolio Pulse from Charles Gross

June 07, 2023 | 9:17 am

STM

STMicroelectronics (NYSE:STM) and Sanan Optoelectronics (SHA.600703) have signed an agreement to create a joint venture for high-volume 200mm silicon carbide device manufacturing in Chongqing, China. The new SiC fab is set to start production in Q4 2025, with full buildout anticipated in 2028, supporting the rising demand for car electrification and industrial power applications in China.

Portfolio Pulse from Charles Gross

June 07, 2023 | 9:08 am

GM

General Motors (GM) has unveiled its new electric vehicle (EV) design concept, Proxima, targeting the Chinese market. The concept is not based on GM's Ultium Platform and was announced at GM's Forward-Looking Design Center in Shanghai. The Proxima EV concept aims to establish an emotional connection with future Chinese EV customers and is based on a pure electric platform.

Portfolio Pulse from Benzinga Newsbot

June 07, 2023 | 9:07 am

AAPL

Apple CEO Tim Cook revealed that he uses OpenAI's chatGPT and is excited about it, but remains concerned about potential issues like bias, misinformation, and worse. Cook emphasized the importance of being deliberate and thoughtful in AI development and deployment, and suggested that companies make their own ethical decisions.

Portfolio Pulse from Ananya Gairola

June 07, 2023 | 7:13 am

AAPL

SPY

Apple unveiled the Vision Pro mixed-reality headset, coinciding with a comparison of investing in the first iPhone vs the S&P 500. An unboxed iPhone 1 sold for $63,356.40, generating a 10,477% return, while investing the same amount in the SPDR S&P 500 ETF Trust (SPY) would have yielded a 297% return.

Portfolio Pulse from Shanthi Rexaline

June 07, 2023 | 6:41 am

TSLA

Tesla has agreed in principle to the Indian government's proposal to assemble its electric vehicles in India and establish a local vendor base. The government plans to offer import concessions on necessary components until Tesla sets up its supply chain in India, similar to the smartphone incentive scheme offered to Apple.

Portfolio Pulse from Shomik Sen Bhattacharjee

June 07, 2023 | 6:18 am

GOOG

GOOGL

TSLA

Alphabet's Waymo self-driving vehicle reportedly killed a dog in San Francisco, despite identifying the dog, it was unable to avoid the collision. This incident follows Tesla CEO Elon Musk's criticism of self-driving tech developed by competitors like Waymo and GM-backed Cruise LLC.

Portfolio Pulse from Anan Ashraf

June 07, 2023 | 4:07 am

AAPL

Apple has unveiled its first-generation mixed reality headset, Vision Pro, at the Worldwide Developers Conference 2023. The device features a sleek aluminum build, 4K resolution micro-OLED displays, and is powered by Apple's M2 chip and an additional R1 processor for AR tasks. The headset is priced at $3,499 and is set to launch in the US in early 2024.

Portfolio Pulse from Ananya Gairola

June 07, 2023 | 3:27 am

BA

COIN

RNAZ

TSLA

YEXT

US markets closed in the green on Tuesday, with Tesla, Coinbase, Transcode Therapeutics, Boeing, and Yext stocks drawing investor attention. Tesla won a court case, while Coinbase faced an SEC lawsuit. Transcode announced a public offering, Boeing discovered a production flaw, and Yext reported improved Q1 results.

Portfolio Pulse from Bhavik Nair

June 07, 2023 | 1:22 am