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TSLA

Tesla Inc (NASDAQ:TSLA) settled a racial discrimination lawsuit with former employee Owen Diaz, who worked at Tesla's Fremont factory in 2015. The lawsuit, which initially awarded Diaz $137 million, was settled for $3.2 million in April 2023. The settlement occurs amidst criticism of Tesla CEO Elon Musk for handling hate speech on his social media platform X and accusations of antisemitism.

Portfolio Pulse from Anan Ashraf

March 16, 2024 | 10:02 am

TSLA

CFRA Research analyst Garrett Nelson maintains a 'buy' rating on Tesla Inc (TSLA), despite its stock falling about 34% year-to-date. Nelson highlights Tesla's strong balance sheet, upcoming Cybertruck production, a new mass-market electric vehicle, and a new factory in Mexico as positive catalysts. He views Tesla as a strong competitor in the Western market, despite increasing competition from China, and predicts it will become the world's largest auto manufacturer by the end of the decade.

Portfolio Pulse from Anan Ashraf

March 16, 2024 | 9:00 am

TSLA

An Indiana jury found Tesla (NASDAQ:TSLA) and its employee liable for a 2017 crash involving a Ford truck, ordering them to pay over $42 million in damages. The verdict adds to Tesla's current legal and financial challenges, including a lawsuit over CEO Musk's pay package. Despite these issues, analysts like RBC Capital Markets' Tom Narayan remain optimistic about Tesla's future, particularly with the anticipated launch of an affordable car priced below $30,000.

Portfolio Pulse from Anan Ashraf

March 16, 2024 | 4:14 am

TSLA

Tesla Inc (NASDAQ:TSLA) announced a price increase of $1000 for all Model Y variants starting April 1, aiming to boost orders before the quarter ends. The base Model Y will start at $44,990. Tesla offers incentives like 5000 miles of free supercharging for deliveries before March 31. Tesla's Q4 2023 vehicle deliveries totaled 484,507. The impact of the price hike and incentives on Q1 deliveries will be assessed next month. Tesla shares closed up 0.66% on Friday but are down 34.16% YTD.

Portfolio Pulse from Anan Ashraf

March 16, 2024 | 3:23 am

TSLA

Morgan Stanley analyst Adam Jonas is increasingly bullish on Tesla's Optimus humanoid robot venture, highlighting the accelerating interest in humanoid robotics. Jonas notes the recent $675 million funding round for Figure AI by Jeff Bezos, Nvidia, Microsoft, and OpenAI, and the Chinese government's support for humanoid robot technologies. Despite Tesla's stock dipping 34.16% YTD, Jonas maintains an 'overweight' rating on Tesla with a $320 price target, not yet including Optimus's potential. Tesla has demonstrated progress with Optimus, aiming to ship units next year, though Elon Musk acknowledges uncertainties.

Portfolio Pulse from Anan Ashraf

March 16, 2024 | 2:27 am

DOGEUSD

FLOKIUSD

SHIBUSD

Floki Inu (CRYPTO: FLOKI) experienced a 4.2% drop to $0.0002669, influenced by a broader cryptocurrency market pullback led by Bitcoin's decline after reaching a new all-time high of $73,000. The market's sentiment-driven nature and speculative trading behaviors contribute to such volatility. Floki Inu, a spinoff of Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), reacts to market movements alongside other altcoins.

Portfolio Pulse from Henry Khederian

March 15, 2024 | 11:59 pm

TSVT

Trading for TSVT was halted but has now resumed as of 6:55:00 PM ET, following an update on quotation resumption times.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 10:55 pm

CSSE

HRYU

NCMI

NXTP

In Friday's after-market session, several Communication Services stocks experienced notable movements. NextPlay Technologies, Chicken Soup for the Soul, VS Media Holdings, Scienjoy Holding, MediaCo Holding, and Taboola.com saw gains, with increases ranging from 4.81% to 8.1%. Conversely, Hanryu Holdings, National CineMedia, Fangdd Network Group, Zhihu, Blue Hat Interactive, and Global Mofy Metaverse faced declines, with decreases ranging from 3.07% to 5.6%.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 9:34 pm

ALGS

AUTL

HLTH

MTEM

In Friday's after-market session, several health care stocks showed notable movements. Cue Health, Aclarion, BioSig Technologies, OptiNose, SCWorx, and Avenue Therapeutics were among the gainers, with Cue Health leading with a 12.1% increase following its Q4 earnings release. On the downside, Molecular Templates, Better Therapeutics, PaxMedica, Aligos Therapeutics, Autolus Therapeutics, and Mersana Therapeutics experienced declines, with Molecular Templates dropping 12.7%. Earnings reports influenced some of these movements.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 9:33 pm

MNTS

SMXT

SOS

VLD

In Friday's after-market session, several industrials stocks saw significant movements. Velo3D, Momentus, Greenwave Tech Solns, Microvast Holdings, Astra Space, and WANG & LEE Group were among the gainers, with increases ranging from 4.99% to 8.7%. Conversely, SolarMax Technology, SOS, Simpple, Earlyworks Co, Exela Technologies, and Sentage Hldgs experienced declines between 3.94% and 5.1%.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 9:33 pm