Tesla hits record EV sales in China despite global dip

Image source: Unsplash (by Milan Csizmadia)

🚗 Tesla hits record EV sales in China despite global dip. The company achieved record electric vehicle sales in China in December, marking a new milestone for the company. The EV maker reported approximately 83,000 units sold in China during December, a 12.8% increase compared to November. Benzinga reports.

🌐 MetaShift: Facebook parent Meta is replacing its president of global affairs, Nick Clegg, with Joel Kaplan, the company’s current policy vice president and a former Republican Party staffer. CNBC reports.

👑 ChipKing: Nvidia emerged as the biggest global gainer in market capitalization for 2024, driven by surging interest in artificial intelligence and the robust demand for its AI-centric chips across various industries. Reuters reports.

🎯 WindWin: Norway's Equinor said on Thursday it had secured a financing package of more than $3 billion for its Empire Wind 1 offshore wind power project in the United States. Reuters reports.

❌ SiriFine️: Apple agreed to pay $95 million in cash to settle a proposed class action lawsuit claiming that its voice-activated Siri assistant violated users' privacy. Yahoo Finance reports.

📉 FactoryDown: Factory activity in Asia, Europe and the U.S. ended 2024 on a soft note as expectations for the new year soured amid growing trade risks from a second Donald Trump presidency and China's fragile economic recovery. Reuters reports.

✈️ FlightMiss: Airbus delivered about 760 jets in 2024, 10 short of annual goal. Reuters reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $TGL: Treasure Global
Total gain: 200.84%

2. $MFI: mF International
Total gain: 88.23%

3. $ONCO: Onconetix
Total gain: 79.69%

4. $BOE: Blackrock Enhanced Global
Total gain: 58.94%

5. $HCTI: Healthcare Triangle
Total gain: 47.19%

How the Stock Market Affects the U.S. Economy

“The stock market is not the economy” is a phrase that gets used quite often. Many pundits argue that the fluctuations of the major indexes tasked with tracking the performance of the country’s biggest companies have little impact on the average American, as the majority of shares trade hands among the super-wealthy.

Moreover, the stock market can undergo bubbles emanating from hype, perception, and opinions of the agents that affect the stock prices. However, these perceptions do not necessarily reflect the real trading of goods and services, which in aggregate constitutes the economy.

📰 Read more

The closing price of the top three market percent gainers trading near or above $3 on January 2.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $LAES: SEALSQ
Total gain: 40.73%
SEALSQ announced that 2025 is expected to be a landmark year for the company and its parent organization, WISeKey International Holding, as they advance their leadership in quantum technologies. Benzinga reports.

2. $QSI: Quantum-Si
Total gain: 55.92%
The stock appeared to be moving on no notable news.

3. $FFIE: Faraday Future
Total gain: 51.64%
The stock appeared to be moving on no notable news.

Time (ET) / Report / Period

10:00 am - ISM manufacturing - December

"Invest in a business, not a stock. A great business with a durable competitive advantage will thrive regardless of short-term price fluctuations."

― Warren Buffett

Sourced in:
Buffett, Warren (author of essays included in) and Cunningham, Lawrence A. The
Essays of Warren Buffett: Lessons for Corporate America. New York: Wiley,
1997.