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NIO

NIO, the Chinese electric vehicle manufacturer, reported an 81% YoY increase in vehicle deliveries for August 2023, with a total of 19,329 vehicles delivered. The cumulative deliveries have reached 383,908 vehicles as of the end of the month.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 9:34 am

NIO

Chinese electric vehicle maker Nio Inc. has reduced the delivery wait time for its ES8 model in China from 8-9 weeks to 6-7 weeks. This is the first change in wait times for any of Nio's models in the past month. The ES8, Nio's first production vehicle, has reported strong deliveries recently with 1,917 units delivered in July, a 226.02% increase from June. The company plans to release and start deliveries of the updated EC6 model in September.

Portfolio Pulse from Benzinga Neuro

September 01, 2023 | 9:28 am

ESTC

Elastic (ESTC) reported better-than-expected Q1 results, provided an above-consensus Q2 outlook, and raised its FY24 adjusted EPS guidance. This has led to a rise in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 9:28 am

KIMTF

TSLA

Kia America (OTC:KIMTF) reported record-breaking sales in August 2023, marking the company's most successful August sales and the second-highest monthly total in its history. The company sold 72,147 units, a 9% increase from the previous record set in 2022. Sales of battery-electric vehicles doubled compared to August 2022, and utility vehicle sales saw a 14% YoY increase. Kia also made headlines with the upcoming launch of its compact electric SUV, the EV5, in China, which is competitively priced against Tesla Inc.’s (NASDAQ:TSLA) Model Y.

Portfolio Pulse from Benzinga Neuro

September 01, 2023 | 9:27 am

PD

Baird analyst Robert Oliver has downgraded PagerDuty (NYSE:PD) from Outperform to Neutral and lowered the price target from $32 to $25.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 9:21 am

DG

Loop Capital analyst Anthony Chukumba has downgraded Dollar Gen (NYSE:DG) from Buy to Hold and lowered the price target from $200 to $140.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 9:20 am

DG

Raymond James analyst Bobby Griffin has downgraded Dollar Gen (NYSE:DG) from Strong Buy to Outperform and lowered the price target from $200 to $160.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 9:18 am

MELI

New Street Research analyst Soomit Datta has upgraded MercadoLibre (NASDAQ:MELI) from Neutral to Buy and announced a price target of $1650.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 9:17 am

XPEV

XPeng Inc. has reported a 43% year-on-year increase in its smart electric vehicle (EV) deliveries for August 2023, with a total of 13,690 units delivered.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 9:08 am

PLTR

Morgan Stanley has increased its stake in Palantir Technologies by 56.5% in Q2, only to downgrade the stock to 'Underweight', equivalent to a sell recommendation. This has led to a drop of over 8% in Palantir's shares. Morgan Stanley's bearish stance is based on its view that AI platform revenue contribution will likely be delayed, anticipated top-line deceleration, and a difficult setup in the second half versus a lofty guidance.

Portfolio Pulse from Shanthi Rexaline

September 01, 2023 | 9:00 am