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RIVN

Rivian Automotive (NASDAQ:RIVN) has launched a $1,400 travel kitchen designed for its R1 vehicles, which can also be used with other power sources. This new product aligns with Rivian's adventure-focused branding and follows the recent launch of the second generation of R1 vehicles. The company plans to start production of a lower-priced R2 SUV in 2026.

Portfolio Pulse from Anan Ashraf

August 17, 2024 | 7:46 am

TSLA

Tesla CEO Elon Musk envisions a future where humans can upload their memories to the cloud and download them into humanoid robots, enhancing the capabilities of Tesla's Optimus bots. Musk believes this technology could lead to a $25 trillion market cap for Optimus, significantly higher than the autonomous vehicle market. Tesla plans to have useful humanoid robots in low production by next year and aims for high-volume production by 2026.

Portfolio Pulse from Anan Ashraf

August 17, 2024 | 4:58 am

TSLA

Elon Musk's biographer, Ashlee Vance, highlighted Tesla's significant advantage in bridging AI and the physical world due to its factories. An unnamed AI expert emphasized that Tesla's ability to test humanoid robots in its own factories gives it a unique edge over competitors. Vance also compared Musk's network of companies to General Electric, noting the benefits of having a common CEO who can mobilize resources across different ventures.

Portfolio Pulse from Anan Ashraf

August 17, 2024 | 3:14 am

BA

LMT

Boeing and Lockheed Martin are in talks to sell their joint venture, United Launch Alliance (ULA), to Sierra Space for $2 to $3 billion. The deal, if finalized, would separate ULA from its co-founders. ULA has struggled to compete with SpaceX, which launched significantly more spacecraft in the first quarter of 2023.

Portfolio Pulse from Anan Ashraf

August 17, 2024 | 1:58 am

BETRW

Trading for BETRW was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:50 pm

FFIEW

Trading for FFIEW was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:50 pm

ALGS

Trading for ALGS was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:50 pm

BETR

Trading for the stock symbol BETR was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:50 pm

ECDA

ECD Automotive Design, Inc. (NASDAQ:ECDA) has received a delisting notice from Nasdaq due to non-compliance with the $50,000,000 market value of listed securities requirement. The company has until August 12, 2024, to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:47 pm

BROS

Dutch Bros (NYSE:BROS) has seen a 23.01% decrease in its short percent of float, now at 8.7%. This indicates a more bullish sentiment compared to its peers, whose average short interest is 10.02%. It would take traders 3.98 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 8:45 pm