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TSLA

Tesla CEO Elon Musk announced the unveiling of its self-driving robotaxi on August 8, following rumors of scrapping plans for a low-cost EV. Analysts are divided, with Gene Munster supporting the focus on robotaxis, predicting their deployment by 2027, while Gary Black views the strategy as risky, fearing institutional investors might sell off Tesla stock. Tasha Keeney of ARK Invest is optimistic about the robotaxi's impact on Tesla's value. Musk has previously emphasized the importance of both a low-cost EV and robotaxis, suggesting they could share the same platform.

Portfolio Pulse from Anan Ashraf

April 06, 2024 | 8:10 am

BTCUSD

DIA

GLD

Peter Schiff warns that despite the Dow Jones' recent 300-point rise, it is in a 'stealth bear market' when compared to gold, which hit a record high of over $2,300 per ounce. Schiff highlights that the Dow, when measured in gold, is down about 10% in 2024, and predicts a 35% upside for commodity prices. He also advises Bitcoin holders to switch to gold and silver, emphasizing gold's role as a reliable store of value amidst a surge in mining stocks.

Portfolio Pulse from Rounak Jain

April 06, 2024 | 7:35 am

AAPL

MASI

Apple Inc. has appealed to a U.S. appeals court to overturn an import ban on certain Apple Watches due to a patent dispute with Masimo Corporation. The ban, upheld by the White House in December 2023, significantly impacts Apple's sales, potentially affecting around $5 billion in sales or about 1% of Apple's total revenue. Apple argues that Masimo's patents are invalid and that its watches did not infringe on them. The dispute began after Masimo accused Apple of stealing its pulse oximetry technology.

Portfolio Pulse from Ananya Gairola

April 06, 2024 | 7:25 am

ARKK

ARKW

COIN

HOOD

TSLA

Cathie Wood's Ark Invest purchased $22M worth of Tesla shares amid a 3.6% stock plunge, triggered by rumors of Tesla potentially cancelling its sub-$30,000 EV model. Despite the market's reaction and concerns over Tesla's strategy, Ark Invest's confidence in Tesla remains strong, highlighted by a $2,000 price target for 2027. Additionally, Ark Invest sold shares of Coinbase and Robinhood, reducing its exposure to crypto-linked stocks.

Portfolio Pulse from Shanthi Rexaline

April 06, 2024 | 3:22 am

DXYZ

The Destiny Tech100 (NYSE:DXYZ) fund, which invests in private high-growth tech companies like SpaceX and OpenAI, has seen its stock price skyrocket by 558% to a market value of $644 million in just two weeks since its listing on March 26. Despite a high management fee of 2.5%, the fund's significant holdings in companies such as SpaceX (34.6%), Epic Games (4%), OpenAI (3.8%), and Chime (1.9%) offer investors unique exposure to the private tech sector.

Portfolio Pulse from Rounak Jain

April 06, 2024 | 3:18 am

TSLA

Tesla Inc (NASDAQ:TSLA) announced its vehicles have driven one billion miles using its Full Self-Driving (FSD) software, a significant increase from below 800 million miles at the end of 2023. CEO Elon Musk praised the Tesla AI team and projected reaching 10 billion FSD miles soon. The milestone follows Tesla's efforts to boost FSD adoption, including a 30-day free trial in the U.S. and in-car demonstrations of its driver-assist features. Musk emphasized the importance of vehicle autonomy to Tesla's market value.

Portfolio Pulse from Anan Ashraf

April 06, 2024 | 2:43 am

AAPL

Wedbush analyst Dan Ives predicts Apple Inc. (AAPL) stock could soar to $250 with the unveiling of its AI strategy at WWDC 2024. Despite a 9% revenue decline from key supplier Foxconn and job cuts, Ives sees the AI strategy as a pivotal moment for Apple, potentially driving significant stock growth.

Portfolio Pulse from Ananya Gairola

April 06, 2024 | 1:19 am

PALI

Trading for PALI was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 11:50 pm

BX

TCN

Tricon Residential Inc. (NYSE:TCN) has received final court approval for its acquisition by Blackstone Real Estate, with all outstanding shares to be acquired for $11.25 each in cash. The transaction, subject to regulatory approval, is expected to close in Q2, leading to Tricon's delisting from the NYSE and TSX.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 9:06 pm

SRFM

Surf Air Mobility Inc. (NYSE:SRFM), a regional air mobility platform, received a notice from the NYSE on April 2, 2024, for not meeting the minimum average closing price requirement of $1.00 over a 30-day period. Despite this, SRFM's stock will continue to trade on the NYSE, provided it meets other listing standards.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 9:03 pm