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TSLA

Franz von Holzhausen, Tesla's Chief Designer, emphasized that the Cybertruck's unique design is strategic for the brand and not an experiment. He mentioned that the design draws inspiration from the Lamborghini Countach and Lockheed's F-117 Stealth Fighter jet. Despite a price increase and safety concerns, the Cybertruck has attracted interest from a new demographic and celebrities, with deliveries starting sooner than expected. This indicates potential growth in Tesla's customer base and brand enhancement.

Portfolio Pulse from Benzinga Neuro

December 22, 2023 | 6:17 am

DIS

TSLA

Walter Isaacson, biographer of Tesla CEO Elon Musk, commented on Musk's pervasive influence despite polarizing opinions. Isaacson appeared on CNBC's 'Squawk Box' discussing various topics, including Twitter's future and plagiarism in academia. He referenced a survey showing Warren Buffett as the only billionaire with a positive rating, while Musk scored zero, indicating a balance of supporters and detractors. Isaacson also mentioned John Oliver's critical segment on Musk, which acknowledged Musk's significant impact on society. Musk responded to Oliver's segment, criticizing his shift to 'wokeness'.

Portfolio Pulse from Ananya Gairola

December 22, 2023 | 5:32 am

TSLA

Wedbush analyst Daniel Ives has reiterated an Outperform rating on Tesla (TSLA) and raised the price target from $310 to $350, based on expectations of electric vehicle share gains and margin stabilization in 2024. Ives predicts Tesla will regain its $1 trillion market cap in 2024. He commends Tesla's strategy, especially in China, and anticipates a record fourth-quarter volume there. Ives also sees potential in Tesla's full-self-driving package and Supercharger network, comparing Tesla's current position to Apple's in 2008/2009. Meanwhile, he notes a potential tempering in the EV transformation of General Motors (GM) and Ford (F), with rumors of Ford slashing its F-150 Lightning production from 2024.

Portfolio Pulse from Shanthi Rexaline

December 22, 2023 | 5:14 am

Boeing Co. (NYSE:BA) has resumed direct deliveries of its 787 Dreamliner to China with the first delivery to Juneyao Airlines since November 2019. This event marks a significant step for Boeing, which has been working to ramp up production and deliveries of new jets, including the 737 Max, which deliveries to China were halted almost five years ago due to safety concerns. The resumption of deliveries follows Boeing's recent approval from China's aviation regulator to resume 737 MAX deliveries and a competitive deal with Thai Airways favoring the 787 over Airbus.

Portfolio Pulse from Benzinga Neuro

December 22, 2023 | 5:13 am

TSLA

Ford Motor Co (F) and General Motors Co (GM) will lose EV tax credits on certain vehicles from 2024 due to new U.S. treasury guidelines. GM's Cadillac Lyriq and Chevrolet Blazer EV will temporarily lose the $7,500 federal EV tax credit, while the Chevrolet Bolt EV remains eligible. Ford will lose tax credits for the E-Transit, Mustang Mach-E, and Lincoln Aviator Grand Touring plug-in hybrid. The F-150 Lightning and Lincoln Corsair Grand Touring will retain their credits. Tesla Inc's (TSLA) Model 3 variants will also not be eligible for tax credits starting next year.

Portfolio Pulse from Anan Ashraf

December 22, 2023 | 4:59 am

DIS

Walt Disney Co (NYSE:DIS) has been ordered by a federal jury to pay nearly $600,000 for copyright infringement related to its 2017 'Beauty and the Beast' remake. The jury found that Disney used Rearden LLC's MOVA Contour motion-capture technology without permission to animate the Beast's face. Rearden was awarded over $250,000 in actual damages and Disney was recommended to pay more than $345,000 of its profits from the film.

Portfolio Pulse from Benzinga Neuro

December 22, 2023 | 4:57 am

BRK

OXY

Berkshire Hathaway, led by Warren Buffett, has increased its stake in Occidental Petroleum to nearly 28% following Occidental's $12 billion acquisition of CrownRock L.P. Berkshire purchased additional shares of Occidental over three days, totaling $312.09 million. Berkshire now holds 243.7 million shares, and also has preferred shares convertible to 83.9 million shares at $59.624 each. Despite the increased stake, Buffett has stated he does not intend to acquire Occidental.

Portfolio Pulse from Shanthi Rexaline

December 22, 2023 | 4:57 am

AVAXUSD

BNBUSD

DOGEUSD

SOLUSD

Avalanche (AVAX) and Solana (SOL) have surpassed Dogecoin (DOGE) and Binance Coin (BNB) in market capitalization. AVAX's market cap reached $17 billion, while SOL's market cap hit $41 billion, making it the fourth largest cryptocurrency. The increase is attributed to lower transaction fees and faster speeds compared to Ethereum (ETH), leading to more activity on the AVAX and SOL networks. The total value locked on Solana has also recovered to $1.79 billion since the FTX collapse.

Portfolio Pulse from Mehab Qureshi

December 22, 2023 | 4:23 am

HUGE

FSD Pharma (NASDAQ:HUGE), originally a licensed cannabis producer, has transitioned into biotech with two innovative products: UNBUZZD, a drink for rapid recovery from inebriation, and Lucid-MS, a drug candidate for Multiple Sclerosis (MS) treatment. UNBUZZD, developed by Lucid Psycheceutical, is expected to launch by Q1 2024 and aims to reduce Breath Alcohol Concentration quickly using natural ingredients. Lucid-MS represents a novel approach to MS treatment by promoting re-myelination rather than immunosuppression, with promising preclinical results and ongoing Phase 1 trials. The global MS treatment market was valued at $23 billion in 2022.

Portfolio Pulse from Lara Goldstein

December 22, 2023 | 3:19 am

ALGOUSD

BONKUSD

BTCUSD

DOGEUSD

ETHUSD

NEARUSD

Cryptocurrencies surged after jobless claims data indicated a cooling economy. Bitcoin, Ethereum, and Dogecoin saw gains, with Bitcoin expected to reach $51K pre-ETF. U.S. GDP growth slowed to 4.9% in Q3. El Salvador passed a law for instant citizenship via Bitcoin donations. The global crypto market cap increased by 2.14%. U.S. stocks rebounded, with the Nasdaq and S&P 500 posting gains. Analysts predict a Bitcoin peak in January and a potential Ethereum rally to $3,500. Santiment warns of high Bitcoin supply in profit, suggesting caution, while highlighting $MATIC and $LTC as safer opportunities.

Portfolio Pulse from Mehab Qureshi

December 22, 2023 | 2:59 am