Tag TSLA

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Looking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...

Looking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...

Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker by sales to China's BYD. Tesla delivered 484,507 EVs in the October-to-December period, falling short of the 526,409 vehicles that Warren Buffett-backed BYD handed over - mostly in China - suggesting that car buyers were looking for cheaper models in a high-interest-rate economy...

The December figures mean Tesla's China-made sales, which include exports, account for over half of global deliveries by the Elon Musk-run company...

The risk rally that has been raging since the Federal Reserve's dovish tilt in December is pausing for breath as 2024 awakes markets to the prospect the central bank's interest rate cuts may not be as aggressive as investors expected. Markets had been pricing in as much as 160 basis points of cuts in 2024, double than what Fed projected, but the New Year has led traders to reassess their outlook, with markets now pricing in less than 150. Minutes from the Fed's last meeting are due later on Wednesday and will help traders gauge the central bank's thinking around monetary easing as a slew of labour data this week...

The risk rally that has been raging since the Federal Reserve's dovish tilt in December is pausing for breath as 2024 awakes markets to the prospect the central bank's interest rate cuts may not be as aggressive as investors expected. Markets had been pricing in as much as 160 basis points of cuts in 2024, double than what Fed projected, but the New Year has led traders to reassess their outlook, with markets now pricing in less than 150. Minutes from the Fed's last meeting are due later on Wednesday and will help traders gauge the central bank's thinking around monetary easing as a slew of labour data this week...

Investing.com -- U.S. stock futures point lower on Wednesday after a mostly downbeat start to 2024 in the prior session. Markets are now awaiting the publication of the minutes from the Federal Reserve's December policy meeting and, with it, potential clues into the central bank's interest rate path in the coming months. Elsewhere, sales of Tesla's (NASDAQ:TSLA) China-made cars soar in December, but Elon Musk's electric vehicle giant is still grappling with fierce competition in the country...

BYD, which outsold Tesla in electric car sales globally for the first time in the fourth quarter, will hand out rewards totaling billions of yuan to its Chinese dealers, according to two dealers with knowledge of the matter. The Chinese automaker will pay 666 yuan ($93.17) per car to the dealers if they have achieved their sales targets in 2023, the people said. The number 666 is considered an auspicious figure in China since the number sounds like the word for "cool" or "amazing"...