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TSLA

A video of Tesla's Cybertruck accelerating from a standstill, likened to a rocket launch, has been posted on the Cybertruck Owners’ Club. The speed of the Cybertruck is attributed to its electric motors and larger, more powerful batteries. Tesla's original specs for the Cybertruck indicate that the base version can go from 0 to 60 mph in under 6.5 seconds, while the top tri-motor version can do it as quickly as 2.9 seconds. It is unclear which version was featured in the video, as Tesla is expected to update the specs for the production model.

Portfolio Pulse from Benzinga Neuro

October 03, 2023 | 3:14 am

TSLA

Tesla Inc has introduced a cheaper Model Y rear-wheel drive (RWD) in the United States, replacing the previous all-wheel drive (AWD) version. The new vehicle is priced at $43,990, making it the cheapest Model Y trim available. It has an EPA estimated range of 250 miles and is eligible for an EV tax credit of $7,500. Tesla dropped Model Y AWD from its website in mid-September without explanation.

Portfolio Pulse from Anan Ashraf

October 03, 2023 | 2:46 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin have seen a drop in value as the U.S. 10-year yield surged to its highest level in over 16 years. The yield increase was driven by unexpectedly robust manufacturing data, indicating the strength of the U.S. economy and the possibility of more rate hikes in the future. Meanwhile, the global crypto market capitalization stands at $1.12 trillion, a 3.16% increase in the last day. The US stock market also witnessed a rise as legislators reached a short-term agreement, avoiding a government shutdown.

Portfolio Pulse from Mehab Qureshi

October 03, 2023 | 2:30 am

ARKG

BEAM

NVDA

RXRX

SLGC

Ark Invest, led by Cathie Wood, sold nearly $4 million worth of NVIDIA Corp shares, aligning with Wood's previous comments about the tech giant being expensive. The sale was made through the ARK Genomic Revolution ETF. Ark Invest also purchased shares of SomaLogic Inc, Recursion Pharmaceuticals, and Beam Therapeutics Inc.

Portfolio Pulse from Benzinga Neuro

October 03, 2023 | 2:07 am

MARA

NEE

PLUG

RUN

TSLA

U.S. stocks showed mixed performance with Dow Jones falling by 0.22% and NASDAQ rising by 0.67%. Five stocks that gained attention were Plug Power, SunRun, NextEra Energy, Marathon Digital, and Tesla. Plug Power and SunRun saw significant declines, while NextEra Energy also declined due to a lowered growth rate outlook. Marathon Digital and Tesla experienced slight gains, with the former being positively impacted by the rise in Bitcoin's price.

Portfolio Pulse from Benzinga Neuro

October 03, 2023 | 1:26 am

MCD

MSGS

NKE

OWL

PEP

NBA superstar Michael Jordan has become the first athlete to join the Forbes 400 list, with an estimated worth of $3 billion. This wealth comes from his time as an NBA player, his ownership of the Charlotte Hornets, and his numerous brand endorsements, including deals with McDonald’s Corp, PepsiCo-owned Gatorade, and Nike Inc. The sale of the Hornets marked the second biggest sale valuation for an NBA franchise in history. Dyal HomeCourt Partners, a unit of Blue Owl Capital Inc, is an investor in the Hornets.

Portfolio Pulse from Chris Katje

October 02, 2023 | 10:58 pm

TLT

Long-dated Treasuries are experiencing a significant bear market, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) at its lowest levels since August 2007. The yield on a 30-year Treasury surged above 4.80%, nearing the critical 5% threshold. The ongoing surge in yields has led to a substantial erosion of market value for these long-duration assets. A further increase in the 30-year yield could push the iShares 20+ Year Treasury Bond ETF to the $82.50 level, a 5% decline from current prices.

Portfolio Pulse from Piero Cingari

October 02, 2023 | 9:35 pm

ATER

CNXA

DLA

FRZA

GMBL

JOAN

JZXN

LTRY

PEV

POL

SRM

SSU

In Monday's after-market session, several consumer discretionary stocks saw significant movement. Gainers included Delta Apparel (DLA), SIGNA Sports United (SSU), Esports Entertainment (GMBL), Aterian (ATER), Lottery.com (LTRY), and SRM Entertainment (SRM). Losers included JOANN (JOAN), Connexa Sports Techs (CNXA), Phoenix Motor (PEV), Polished.com (POL), Forza X1 (FRZA), and Jiuzi Hldgs (JZXN).

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 9:31 pm

ACXP

ALXO

CNTB

CPHI

GRI

IMPL

LIFW

PHIO

RDHL

SDC

SNES

TAK

Several healthcare stocks experienced significant movement in Monday's after-market session. Notable gainers included MSP Recovery, ALX Oncology Holdings, SenesTech, China Pharma Holding, Phio Pharma, and GRI Bio. On the other hand, Impel Pharmaceuticals, Acurx Pharmaceuticals, Connect Biopharma Hldgs, SmileDirectClub, Redhill Biopharma, and Takeda Pharmaceutical saw their stocks decrease.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 9:31 pm

AUVI

AWIN

LNZA

UAVS

Several industrial stocks experienced significant movement in Monday's after-market session. Notable gainers included AgEagle Aerial Sys, Applied UV, Knightscope, Greenwave Tech Solns, Ault Alliance, and Molekule Group. On the other hand, LanzaTech Global, AERWINS Technologies, Safe & Green Holdings, Astra Space, Symbotic, and SOS saw their stocks decline.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 9:31 pm