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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

BTCUSD

Swan Bitcoin CEO Cory Klippsten predicts a 'big bull rally' for Bitcoin (BTC) in anticipation of a spot Bitcoin ETF approval by the SEC. Klippsten notes increased trading volumes and a recent price surge in BTC, with a year-to-date high of $38,742. He also mentions that older generations are investing more in Bitcoin compared to Gen Z. The narrative around Bitcoin is shifting towards it being a safe-haven and hedge against monetary inflation.

Portfolio Pulse from Rounak Jain

December 02, 2023 | 3:52 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

KVSA

MSFT

Vinod Khosla, OpenAI investor and Sun Microsystems co-founder, works 80 hours a week at 68 and plans to continue for the next 25 years. He's interested in anti-aging methods to extend his life for work. His firm, Khosla Ventures Acquisition Co. (KVSA), is raising $3 billion for startups despite a venture capital downturn. Khosla supported OpenAI's Sam Altman during a leadership shakeup, with Microsoft (MSFT) CEO Satya Nadella playing a key role in Altman's reinstatement.

Portfolio Pulse from Rounak Jain

December 02, 2023 | 2:27 am

MSFT

TSLA

In a New York civil fraud trial involving former President Donald Trump, real-estate broker Lawrence Moens, who will testify as an expert defense witness, suggested that high-profile individuals like Elon Musk and Bill Gates could potentially be interested in purchasing Mar-a-Lago for $1 billion. This valuation is in stark contrast to the Attorney General's office claim that Trump overstated the property's value, which they estimate at $25 million, to secure better interest rates from banks.

Portfolio Pulse from Navdeep Yadav

December 02, 2023 | 2:10 am

UBER

Uber Technologies' stock is trading higher in after-hours on Friday following the announcement that the company will be included in the S&P 500 index.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 10:52 pm

BLDR

JBL

UBER

Uber Technologies, Jabil, and Builders FirstSource are set to join the S&P 500 index on Dec. 18, replacing Sealed Air, Alaska Air Group, and Solaredge Technologies. This change coincides with the index's quarterly rebalancing. Uber's inclusion follows its profitability in the last four quarters, with its stock rising 1.7% in regular trading and 4.6% after-hours. Jabil and Builders FirstSource also saw after-hours trading gains of 3.1% and 2.3%, respectively.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 10:49 pm

DIS

The Walt Disney Company (NYSE:DIS) faces potential backlash after suspending advertising on Twitter due to Elon Musk's interaction with an antisemitic post. Disney CEO Bob Iger defended the decision, while Musk criticized companies withdrawing ads. The controversy has led to trending calls to cancel Disney Plus and Hulu subscriptions, with a significant number of respondents in a poll indicating intent to cancel. This comes as Disney+ faces a December with fewer new releases and less holiday-themed content, which could impact Q1 streaming figures. Disney shares closed slightly lower on Friday.

Portfolio Pulse from Chris Katje

December 01, 2023 | 9:56 pm

QQQ

SPY

TSLA

The S&P 500, tracked by SPDR S&P 500 ETF Trust (SPY), saw an 8.9% rise in November, while technology stocks, monitored through Invesco QQQ Trust (QQQ), gained 10.8%. Investor optimism grew over potential Federal Reserve rate cuts in 2024 due to cooling inflation. The Personal Consumption Expenditure (PCE) price index slowed, supporting the likelihood of rate cuts. Tesla Inc (TSLA) hosted its Cybertruck delivery event, confirming over one million reservations. JPMorgan analysts forecast an 8% drop in the S&P 500 for 2024, presenting a negative outlook.

Portfolio Pulse from Piero Cingari

December 01, 2023 | 9:43 pm

DKNG

PDYPY

The article covers several sports betting highlights, including NCAA Football Championship odds at DraftKings (DKNG), NBA Rookie of the Year favorites with BetMGM odds, Shohei Ohtani's next team odds on DraftKings, and the potential impact of Taylor Swift's tour break on NFL betting lines for Travis Kelce. It also mentions significant bets placed and won, including a two-leg parlay on an NFL game, a 19-leg parlay on an NBA game, and a 12-game parlay with FanDuel (PDYPY), as well as a popular parlay that paid out $13.4 million.

Portfolio Pulse from Chris Katje

December 01, 2023 | 9:43 pm