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Stock Prices

TSLA

Tesla Inc (NASDAQ:TSLA) has reduced the price of its most expensive Model Y version in Canada by 5.8%, marking the second price cut this month for the Model Y variants. The Model Y Performance now costs C$69,990, down from C$74,290. Earlier price reductions were applied to the rear-wheel drive and long-range versions. These adjustments make the Model Y's starting price equivalent to that of the Model 3 sedan. Tesla's Model Y has become the world's best-selling vehicle model in 2023, with over 1.2 million units delivered.

Portfolio Pulse from Anan Ashraf

February 07, 2024 | 4:00 am

ARVLF

Arrival SA (OTC:ARVLF), an electric vehicle maker, has appointed EY as administrator for its UK subsidiaries, Arrival UK Ltd and Arrival Automotive UK Limited, to explore selling its business and assets due to failure in acquiring necessary rescue funds. The company ended the first half of 2023 with $43 million in cash and a loss of $155.7 million. Arrival was delisted from Nasdaq on January 30 for delaying its interim financial statement filings.

Portfolio Pulse from Anan Ashraf

February 07, 2024 | 3:12 am

BABA

DIS

SNAP

TSLA

U.S. stocks showed positive momentum with the Dow Jones, NASDAQ, and S&P 500 all posting gains. Snap, Alibaba, Ford, Disney, and Tesla were among the top stocks that caught investors' attention, each showing significant price movements and key financial updates. Snap reported a revenue increase, Alibaba is anticipated to release its earnings report, Ford exceeded revenue expectations, Disney is awaited to report its earnings, and Tesla highlighted strong delivery numbers.

Portfolio Pulse from Benzinga Neuro

February 07, 2024 | 3:02 am

COIN

MARA

MSTR

RIOT

Major cryptocurrencies surged following MicroStrategy Inc's announcement of acquiring an additional 850 BTC, boosting its holdings to 190,000 BTC. The company's stock, along with Coinbase, Riot Platforms, and Marathon Digital, experienced growth. Analysts predict a period of consolidation for Bitcoin, with Ethereum expected to outperform due to upcoming upgrades and significant ETH withdrawals from exchanges indicating strong holder sentiment.

Portfolio Pulse from Mehab Qureshi

February 07, 2024 | 2:51 am

ARKF

ARKK

ARKQ

ARKW

PLTR

Cathie Wood's Ark Invest purchased $43M worth of Palantir Technologies, Inc. (PLTR) shares following a 30% spike after Q4 earnings, reflecting confidence in its AI potential. Ark's ETFs ARKK, ARKW, and ARKF increased their holdings, with PLTR now accounting for significant weightings in these funds. Analysts have upgraded PLTR's ratings and price targets post-earnings. Additionally, Ark continued buying Tesla shares, with ARKK, ARKW, and ARKQ acquiring more Tesla stock.

Portfolio Pulse from Shanthi Rexaline

February 07, 2024 | 2:43 am

ARKK

COIN

HOOD

ROKU

TSLA

Ark Invest, led by Cathie Wood, has reportedly lost over $14 billion in wealth over the past decade, largely due to a 67% drop in its flagship fund, ARK Innovation ETF (ARKK), during the 2022 bear market. Despite these losses, Ark Invest continues to manage over $13 billion in assets. The firm's top holdings, including Coinbase (COIN), Tesla (TSLA), Roku (ROKU), and Zoom (ZM), have faced challenges in 2024. However, Ark Invest has made significant purchases in Tesla and Robinhood (HOOD) shares, indicating confidence in these companies.

Portfolio Pulse from Benzinga Neuro

February 07, 2024 | 2:17 am

TSLA

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, expressed concerns about Tesla Inc's (NASDAQ:TSLA) leadership and board, citing Elon Musk's alleged drug use and party culture as distractions for investors. These issues, according to Gerber, overshadow deeper execution problems at Tesla, such as underperforming stock and the need to deliver on promised initiatives. Despite Musk's denial of the allegations, Gerber believes these distractions could deter institutional investors and impact the company's progress.

Portfolio Pulse from Benzinga Neuro

February 07, 2024 | 1:55 am

TSLA

Tesla Inc (NASDAQ:TSLA) reported a sales rebound in China for February, with 1.81 million units delivered in 2023, surpassing analyst estimates. The company saw a 22.6% year-over-year increase in insurance registrations for the week of Jan. 29 through Feb. 4, 2024, and an 8.2% increase in units sold in January year-over-year. Tesla has introduced new sales initiatives in China, facing stiff competition from other EV makers. TSLA shares were up 2.23% at market close on Tuesday.

Portfolio Pulse from Chris Katje

February 07, 2024 | 12:27 am

AYX

Alteryx (NYSE:AYX) reported Q4 adjusted EPS of $1.70, surpassing the $1.16 estimate, and sales of $351.00M, exceeding the $337.61M estimate. This represents a 102.38% increase in earnings and a 16.58% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:14 am

DIS

FOX

WBD

Disney, Warner Bros. Discovery, and Fox Corp have announced a joint venture to launch a new sports streaming service in the fall. The service will include a wide range of channels and the option to bundle with Disney+, Hulu, and Max. The venture aims to innovate the streaming sports platform, offering more choice and value to consumers. The service's name and price will be disclosed upon finalizing definitive agreements. Shares of Fox Corp and Warner Bros. Discovery rose over 3% after the announcement, while Disney shares fell about 1%.

Portfolio Pulse from Adam Eckert

February 06, 2024 | 11:20 pm