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TSLA

Tesla has begun rolling out its full self-driving (FSD) software to select Cybertruck drivers, meeting its September timeline. This marks a significant step for Tesla, as the Cybertruck is its latest vehicle offering, and customers have been eagerly awaiting this feature.

Portfolio Pulse from Anan Ashraf

September 30, 2024 | 9:24 am

LI

NIO

XPEV

Nio, Inc. (NYSE:NIO) surged 12% in premarket trading after announcing a $1.9 billion investment in its subsidiary Nio China, with strategic investors contributing $470.64 million. This move is part of Nio's expansion into the mass market with its Onvo brand. Chinese peers XPeng, Inc. (NYSE:XPEV) and Li Auto, Inc. (NASDAQ:LI) also saw gains due to optimism from China's economic stimuli.

Portfolio Pulse from Shanthi Rexaline

September 30, 2024 | 9:03 am

YJ

Yunji Inc. has regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing on the Nasdaq Capital Market. The company's stock price met the $1.00 minimum for 10 consecutive days, closing the compliance issue.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 9:02 am

SPY

The U.S. market has surged following a Federal Reserve rate cut, with the S&P 500 and Dow Jones Industrial Average reaching new highs. However, a chartist warns of a potential sell-off due to a divergence between the Dow Industrials and Dow Transportation averages, a classic sell signal. Additionally, a looming dock workers' strike could disrupt supply chains and impact the economy.

Portfolio Pulse from Shanthi Rexaline

September 30, 2024 | 8:22 am

TSLA

Tesla has exported its one-millionth vehicle from its Giga Shanghai facility, marking a significant milestone nearly four years after its first overseas shipment. The Shanghai factory, which produces the Model 3 and Model Y, has an annual capacity of over 950,000 units. Despite a 6.01% year-on-year decline in sales from January to August, Tesla's August sales showed a 17% growth from July. The company faces competition from BYD and potential EU tariffs on Chinese-manufactured EVs.

Portfolio Pulse from Anan Ashraf

September 30, 2024 | 7:55 am

DUK

Duke Energy has restored power to over 1.1 million customers in the Carolinas after the Helene storm, but 904,000 remain without power. Restoration efforts are ongoing, with significant infrastructure damage in South Carolina and North Carolina. The company is working with local officials to access hard-hit areas and aims to restore power as quickly and safely as possible.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 7:40 am

CCL

VRAR

The Dow Jones index reached a new high, with major indices recording gains for the third consecutive week. The Fear & Greed Index remains in the 'Greed' zone, indicating positive market sentiment. Investors are anticipating earnings results from Carnival Corporation and The Glimpse Group.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 7:25 am

TIXT

TU

TELUS Corporation has acquired an additional 2.35% stake in TELUS International, bringing its total ownership to 57.7%. This move reflects TELUS's confidence in TELUS Digital's growth strategy, with no current plans to privatize the business.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 7:16 am

NIO

NIO Inc. announced a strategic investment in its subsidiary NIO China, with a total of RMB13.3 billion to be invested. NIO will invest RMB10 billion, while strategic investors will contribute RMB3.3 billion. This move aims to strengthen NIO's position in the electric vehicle market.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 7:11 am

ADXN

Addex Therapeutics reported a Q2 2024 EPS of CHF0.08 and a cash balance of CHF3.8M. The company experienced a net profit of CHF12.879M for the period, a significant improvement from a loss of CHF2.675M in the previous year. Despite a decrease in cash and cash equivalents, the overall financial performance shows a positive turnaround.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:49 am