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TSLA

UBER

Tesla's stock dropped 10% after an underwhelming robotaxi presentation, failing to impress Wall Street. Analysts criticized the lack of execution details and drew unfavorable comparisons to Waymo's service. Meanwhile, Uber's stock rose 9% as investors doubted Tesla's impact on traditional ride-hailing.

Portfolio Pulse from Bibhu Pattnaik

October 12, 2024 | 6:30 pm

CRLBF

TCNNF

Florida's Amendment 3 aims to legalize recreational marijuana, sparking political debate. Sen. Joe Gruters reassures voters about regulated public use, countering Governor DeSantis' opposition. Cannabis companies like Trulieve and Cresco Labs close operations due to Hurricane Milton.

Portfolio Pulse from Nicolás Jose Rodriguez

October 12, 2024 | 6:25 pm

JPM

Jamie Dimon, CEO of JPMorgan Chase, warns of global risks to the economy, highlighting issues like slowing inflation, fiscal deficits, and geopolitical instability. He emphasizes the need for preparedness and infrastructure improvements.

Portfolio Pulse from Bibhu Pattnaik

October 12, 2024 | 3:00 pm

GOOG

GOOGL

NVDA

PLTR

RIVN

Benzinga highlights bullish and bearish stock stories, including Nvidia's institutional call-buying, Palantir's AI strategy, and Rivian's production cut due to supply issues. Alphabet faces potential breakup by DOJ, and Chinese stocks fall due to lack of stimulus.

Portfolio Pulse from Michael Cohen

October 12, 2024 | 2:30 pm

META

ORCL

TSLA

Elon Musk is predicted to end 2024 as the world's richest man, despite a 10% drop in Tesla's stock price. Prediction markets give Musk an 82% chance of retaining the title, with significant wealth gains for other tech leaders like Mark Zuckerberg and Larry Ellison.

Portfolio Pulse from Chris Katje

October 12, 2024 | 1:00 pm

BRK

TSLA

A Benzinga poll asked readers to choose the most legendary investor in 100 years, with Warren Buffett receiving 61% of the votes, compared to Elon Musk's 30%. Despite Tesla's impressive stock performance, Buffett's steady returns and long-term success with Berkshire Hathaway are favored by readers.

Portfolio Pulse from Chris Katje

October 12, 2024 | 12:00 pm

UL

Elon Musk's social media platform, X, has dropped Unilever from an antitrust lawsuit accusing it of conspiring to boycott the platform. The agreement marks the first step in resolving industry-wide issues. Unilever has committed to meeting responsibility standards on X.

Portfolio Pulse from Ananya Gairola

October 12, 2024 | 8:23 am

TSLA

Elon Musk, CEO of Tesla, defended his time-based predictions, stating that while they may not always be on schedule, they often come true eventually. This comes amidst several recent delays at Tesla, including the rollout of its full self-driving technology and the new Roadster.

Portfolio Pulse from Rounak Jain

October 12, 2024 | 7:45 am

TSLA

Tesla unveiled the Robovan, an autonomous vehicle with an Art Deco-inspired design and low ground clearance, achieved through automatic load-leveling suspension. The vehicle can transport up to 20 people or cargo. Tesla also introduced the Cybercab, a two-seater autonomous vehicle priced below $30,000, expected to enter production in 2026.

Portfolio Pulse from Anan Ashraf

October 12, 2024 | 6:32 am

BA

Boeing (NYSE:BA) is set to reduce its workforce by 10%, affecting 17,000 jobs, amidst ongoing challenges including labor strikes, safety concerns, and financial struggles. The company is dealing with the aftermath of 737 Max incidents, technical issues with the Starliner spacecraft, and a postponed 777X delivery.

Portfolio Pulse from Rounak Jain

October 12, 2024 | 5:39 am