Tesla’s market cap has fallen below $1 trillion after shares dropped over 8%, marking a 25% decline this year. The downturn follows disappointing feedback on its automated driving features and concerns over CEO Elon Musk’s political activities, which have sparked protests and affected sales. Additionally, Tesla reported earnings that missed expectations, with a notable drop in automotive revenue and vehicle registrations in key markets.
about Tesla Market Cap Falls Below One Trillion Amid Stock Decline and ConcernsBoyd Gaming Corporation
0 in Finance and 0 in Crypto last weekHong Kong Economy and Stock Market Update Amid AI Hub Development Plans
Hong Kong’s Hang Seng index surged as the city aims to become an artificial intelligence hub. Shares of electric vehicle makers Xpeng and Li Auto rose following a significant drop in Tesla’s stock, which fell over 8% due to owner dissatisfaction with its driving system upgrades. Meanwhile, Hong Kong’s financial secretary announced a focus on cost-saving measures amid a projected fiscal deficit nearing HKD 100 billion for the current year.
about Hong Kong Economy and Stock Market Update Amid AI Hub Development PlansVeChain Launches X-2-Earn Model for Carbon Offsetting and Sustainability
VeChain’s innovative ‘X-2-Earn’ model incentivizes electric vehicle drivers by rewarding them with carbon credits based on their travel distance and emissions offset. This blockchain-backed initiative not only promotes sustainability but also allows users to exchange credits for various everyday benefits. The launch of VeBetterDAO further expands these efforts, introducing decentralized applications like ‘Plant-2-Earn’ and ‘Sweat-2-Earn,’ ensuring fair reward distribution and long-term engagement in eco-friendly practices.
about VeChain Launches X-2-Earn Model for Carbon Offsetting and SustainabilityStock Market Rises as Trump Administration Begins and Cathie Wood Invests in AI
The Dow Jones Industrial Average rose nearly 300 points, buoyed by optimism surrounding the new Trump administration, while Apple lagged with a 3% drop. Small caps and sectors like utilities and real estate showed strength, with Cathie Wood’s ARK Invest making significant moves in AI stocks despite risks. China stocks experienced mixed results amid hopes for improved U.S.-China relations, while Trump hinted at potential tariffs on Canada and Mexico.
about Stock Market Rises as Trump Administration Begins and Cathie Wood Invests in AIStock Market Recovers as Leading Stocks Shine Amid Mixed Economic Data
Major indexes fell but rebounded on Friday, with leading stocks like Nvidia flashing buy signals. Tesla’s Q4 deliveries missed expectations, leading to a sharp stock decline, while BYD outperformed in EV sales. GM and Ford reported strong Q4 sales, with significant growth in EV sales for both companies.
about Stock Market Recovers as Leading Stocks Shine Amid Mixed Economic Data