On Thursday, November 21, 2024, major analyst calls were made regarding several prominent companies, including Nvidia, Tesla, Salesforce, Chevron, Dell, Snowflake, and Netflix. These evaluations are expected to influence market perceptions and investment strategies moving forward.
Tesla's promise to make its Superchargers accessible to all EVs has yet to materialize, leaving drivers like Mirriam Ferraro, who relies on her Kia EV6, struggling to find charging options on her route. While Kia plans to release a Tesla charging adapter in January, many automakers are still awaiting Tesla's adapters for their customers.
In the lead-up to the US presidential election, a prominent UAE royal met with Elon Musk, while the head of Saudi Arabia’s Public Investment Fund was seen with Donald Trump and Musk post-election. This alliance is viewed as a significant opportunity for influential Middle Eastern financiers like Sheikh Tahnoon bin Zayed Al Nahyan and Yasir Al Rumayyan.
Hyundai has unveiled the all-electric Ioniq 9, a three-row SUV designed for the U.S. market, capable of seating up to seven passengers. Set to launch in spring 2025, it boasts a range of 335 miles, fast charging from 10% to 80% in 24 minutes, and a 0-60 mph time of 4.9 seconds. Production will take place at a new plant in Georgia, with pricing details to be announced closer to its release.
Tesla is offering one year of free European Supercharging for Model Y buyers before December 31, 2024, aiming to boost sales. The Model Y remains popular in Europe and China, with significant sales growth reported. Additionally, Tesla has entered the Philippine market, opening its first Experience Center and planning to deploy Supercharger stations across the country.
Elon Musk's government efficiency panel announced plans to leverage recent Supreme Court rulings to diminish the authority of federal agencies. The panel aims to eliminate regulations deemed unnecessary, costly, and inefficient, as outlined in a Wall Street Journal opinion piece.
Acurx Pharmaceuticals' board has approved the purchase of up to $1 million in bitcoin as a treasury reserve asset, following MicroStrategy's strategy. CEO David P. Luci emphasized bitcoin's limited supply and inflation-resistant qualities, asserting it will not affect the company's drug development plans. This move reflects a growing trend among corporations to adopt bitcoin, with the cryptocurrency trading at all-time highs and expected to gain further traction in the coming years.
Tesla Inc. Chair Robyn Denholm sold over $35 million in stock following a surge post-election. She exercised 112,390 stock options set to expire next year and executed the sale on November 15, as part of a prearranged trading plan established in July.
Elon Musk and Donald Trump have developed a close friendship, with Musk influencing Trump on various policy matters, including the establishment of a government efficiency commission. Their bond has led to Musk"s involvement in key discussions and decisions, although his influence has limits, as seen in personnel choices that did not align with his preferences. Despite some grumbling from Trump"s staff, the duo continues to enjoy each other"s company, engaging in public events and discussions that highlight their shared interests and ambitions.
Morgan Stanley"s chief global economist warns that proposed tariffs by Donald Trump could significantly hinder U.S. economic growth into 2026, leading to higher inflation. If implemented swiftly, these tariffs may create a "big negative shock" to the economy, affecting various sectors, including automobiles and consumer electronics. The potential impact on inflation could also eliminate interest rate cuts for 2025, further restraining growth.
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