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TSLA

Ford CEO Jim Farley clarified that a video showing a Ford Super Duty truck rescuing a Tesla Cybertruck from snow was not a staged advertisement but a real event. The video has sparked discussions among truck enthusiasts, with some defending the Cybertruck by suggesting it was a prototype and that any truck could get stuck in similar conditions without chains. Farley has previously criticized the Cybertruck but also expressed interest in collaborating with Tesla on 48-volt EV architecture, which is used in the Cybertruck and is part of Ford's future vehicle plans.

Portfolio Pulse from Anan Ashraf

December 13, 2023 | 6:16 am

BBJP

DXJ

EWJ

The Japan Tankan Large Manufacturers Index for Q4 came in at 12, surpassing the estimate of 10 and the previous value of 9. This indicates an improvement in sentiment among large manufacturers in Japan.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 5:40 am

BBJP

DXJ

EWJ

The Japan Tankan Big Manufacturing Outlook Index for Q4 came in at 8, which is below the estimated 9 and the previous 10. This indicates a less optimistic outlook among large manufacturers in Japan than was anticipated.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 5:40 am

TSLA

Tesla Inc (NASDAQ:TSLA) has received land-use permits for a new gigafactory in Nuevo Leon, Mexico. The state government announced the decision, with the plant covering 261 hectares. The project is estimated to cost over $5 billion, with the local government committing over $130 million to infrastructure support. The factory is expected to generate $15 billion over two years through Tesla and its suppliers. Tesla's expansion into Mexico is part of its global growth strategy and aligns with the nearshoring trend. Despite economic uncertainty, Tesla's market share remains strong, especially in China, where it saw a 4.8% year-over-year increase in new energy vehicle sales in November.

Portfolio Pulse from Benzinga Neuro

December 13, 2023 | 5:34 am

TSLA

Tesla Inc's (NASDAQ:TSLA) Model 3 rear-wheel drive and long-range variants will no longer be eligible for the $7,500 federal EV tax credit starting January 1, 2024, due to new guidance aimed at reducing Chinese content in batteries. The tax credit was previously expected to be halved, but now it will end entirely for these models. The Model 3 Performance variant remains eligible for the full credit.

Portfolio Pulse from Anan Ashraf

December 13, 2023 | 5:32 am

WBD

Golden Globe nominations generated nearly 200 million impressions on Elon Musk's social media platform X, with 'Barbie' and 'The Last of Us' being the most discussed film and TV show respectively. Warner Bros. Discovery's (NASDAQ:WBD) 'Barbie' received 10 nominations and broke box office records as the highest-grossing movie of 2023. 'The Last of Us' is the most-watched show on HBO Max in LATAM and Europe. The Golden Globe Awards ceremony will be broadcast on CBS and Paramount+ on January 7, 2024.

Portfolio Pulse from Ananya Gairola

December 13, 2023 | 5:07 am

ADPT

COIN

CRSP

TOST

TXG

Ark Invest, led by Cathie Wood, sold 82,255 shares of Coinbase Global Inc (COIN) worth approximately $11.5 million across three ETFs: ARKK, ARKW, and ARKF. This move reflects a strategic shift as the cryptocurrency market, including Bitcoin, shows signs of a downturn. In contrast, Ark Invest increased its positions in Toast Inc (TOST), CRISPR Therapeutics AG (CRSP), Adaptive Biotechnologies (ADPT), and 10X Genomics Inc (TXG), indicating a pivot towards technology and biotech sectors.

Portfolio Pulse from Benzinga Neuro

December 13, 2023 | 4:23 am

ETHUSD

Donald Trump's first NFT collection saw a 400% increase in trading volume following the announcement of his third 'Mugshot' series. The floor price of the initial collection rose by 30% to 0.17 Ethereum. Trump's ETH holdings have reportedly increased by $1 million over the past month. Ethereum (ETH) is currently trading at $2,167, down 2.91%.

Portfolio Pulse from Mehab Qureshi

December 13, 2023 | 4:04 am

AAPL

GOOGL

A recent court ruling has declared Google's app-store monopoly unlawful, posing challenges to the $500 billion app-store industry. This decision is part of a broader trend of regulatory actions targeting the dominance of Google (NASDAQ:GOOGL) and Apple Inc. (NASDAQ:AAPL) in digital marketplaces. The EU will soon require Apple to allow software downloads outside its App Store, and both companies have been mandated to accept alternative payment systems in South Korea. The U.S. Justice Department is also scrutinizing a deal between Google and Apple. Despite these developments, the financial impact on both companies is still uncertain, with changes expected to unfold over several years.

Portfolio Pulse from Benzinga Neuro

December 13, 2023 | 3:40 am

AAPL

DIS

Elon Musk's social media platform, X (formerly Twitter), is experiencing a significant drop in ad revenue for 2023, with projections of $2.5 billion compared to $1 billion per quarter in 2022. The decline is attributed to advertisers' concerns over content moderation and Musk's endorsement of extremist views. Major advertisers like Apple Inc. (AAPL) and Walt Disney Co. (DIS) have paused their ad spending on the platform. X's valuation has also reportedly dropped below 50% of Musk's purchase price.

Portfolio Pulse from Ananya Gairola

December 13, 2023 | 3:24 am