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ACRO

Acropolis Infrastructure announced it will dissolve and redeem all outstanding shares by December 19, 2023. Shareholders will receive approximately $10.49 per share, less taxes, with about $83.94 million available for redemption. The company's securities will cease trading on the NYSE on December 18, 2023, and shares will be cancelled the following day, representing only the right to the Redemption Amount.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:58 am

NEPT

Neptune Wellness Solutions has received a delisting notification from Nasdaq. The company plans to appeal the decision. The news could impact investor confidence and the company's ability to raise capital.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:54 am

TSLA

Gary Black, investor and Future Fund Managing Partner, predicts Tesla's Cybertruck will surpass Wall Street expectations by delivering 600,000 vehicles by 2027. Black's forecast is based on the Cybertruck entering a new market segment, with pickups accounting for 3 million units annually in the U.S. He suggests the potential for a smaller, less expensive Cybertruck for export markets. Wall Street's estimates are more conservative, expecting less than half of Black's predicted deliveries. Elon Musk has indicated over a million reservations for the Cybertruck but noted production scaling challenges may delay reaching the annual delivery target of 250,000 until 2025.

Portfolio Pulse from Anan Ashraf

December 05, 2023 | 6:18 am

AAPL

A check signed by Apple Inc co-founder Steve Jobs in 1976 is expected to fetch over $20,000 at auction. The check, which references the 'Apple Computer Company,' is a rare collectible as Jobs was known for rarely giving autographs. In the past, items signed by Jobs have sold for high amounts, with a letter declining an autograph request selling for $479,939 in 2021. The auction for the check is currently active with bids exceeding $22,000. Radio Shack, mentioned in the check's history, filed for bankruptcy in 2015.

Portfolio Pulse from Benzinga Neuro

December 05, 2023 | 6:13 am

AAPL

A check signed by Apple Inc co-founder Steve Jobs to Radio Shack in 1976 is expected to fetch over $20,000 at an RR Auction. The check is from the period when Apple was developing its first product, the Apple I computer kit. Collectibles signed by Jobs are rare and highly valued, with a previous Jobs-signed letter selling for nearly $480,000 and another check for over $100,000. Radio Shack, which filed for bankruptcy in 2015, has historical ties to Apple, as Steve Wozniak used their computer system for an early project with Jobs.

Portfolio Pulse from Benzinga Neuro

December 05, 2023 | 6:12 am

SWTX

SpringWorks Therapeutics has priced an upsized public offering of 9,482,758 common shares at $29 per share, expecting to raise approximately $275.0 million in gross proceeds. The offering is anticipated to close around December 7, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:09 am

TSLA

Ark Invest analyst Sam Korus views Tesla's Cybertruck as competitively priced and a 'marketing machine' with potential beyond its price tag. The Cybertruck's features, such as 'steer-by-wire', could enhance Tesla's tech lead and be used in future models. Its pricing is in line with industry averages for trucks and SUVs, despite being higher than Tesla's initial estimate in 2019.

Portfolio Pulse from Anan Ashraf

December 05, 2023 | 5:17 am

BRK

BYDDF

TSLA

VWAGY

Chinese EV manufacturer BYD Co. (OTC:BYDDF) faces a $12 billion selloff due to concerns over its sales targets and smart-car capabilities. The company's shares dropped 12% in November, with doubts cast by competition from Huawei and a volatile market. Despite record sales, BYD's growth is questioned, and Warren Buffett's Berkshire Hathaway (NYSE:BRK) has reduced its stake. The EU's probe into Chinese EV subsidies and a surge in short interest in BYD shares add to the challenges. BYD's market cap gap with Tesla (NASDAQ:TSLA) despite similar revenues and sales also raises analyst concerns.

Portfolio Pulse from Benzinga Neuro

December 05, 2023 | 4:47 am

MSTR

MicroStrategy Inc. (NASDAQ:MSTR) has realized a profit of over $2 billion from its Bitcoin holdings as the cryptocurrency's price reached near $42,000. The company, led by Executive Chairman Michael Saylor, began investing in Bitcoin in August 2020 and now owns 174,530 Bitcoins, which were acquired at an average cost of $30,252 each. The current value of their holdings is approximately $7.3 billion. MicroStrategy's stock saw a 6% increase in trading on Monday as Bitcoin's price surged.

Portfolio Pulse from Mehab Qureshi

December 05, 2023 | 4:35 am

F

Ford Motor Co (NYSE: F) reported a 43.2% increase in electric vehicle sales and a 75.2% increase in hybrid vehicle sales in the U.S. for November, despite a 0.5% decline in overall sales year-on-year. The F-150 Lightning led the EV sales with a 113% jump, while the Mustang Mach-E also saw a rise in sales. However, the E-Transit van experienced a 58.6% drop in sales. After a strike, production ramped up in November, with the F-150 being the most produced model. Ford's EV unit posted a $1.3 billion EBIT loss for Q3, contributing to a nine-month loss of $3.1 billion, leading to a delay in a $12 billion EV investment.

Portfolio Pulse from Anan Ashraf

December 05, 2023 | 3:51 am