• last month
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and Tesla achieves a huge milestone.

Category

🥇
Sports
Transcript
00:00I'm Conway Gittins reporting from the New York Stock Exchange. Here's what we're watching on
00:03the street today. The S&P 500 cracked $6,000 for the first time in history Friday as investors
00:10were heartened by Fed rate cut and President Trump's White House win. Preliminary data from
00:15the University of Michigan showed consumer sentiment jumped to its highest since April.
00:20On the earnings front, Paramount Global's streaming business turned a profit thanks to
00:24three and a half million new subscribers. A new week will bring quarterly numbers from
00:29the likes of Home Depot and Walt Disney. Consumer and wholesale inflation updates
00:33as well as October retail sales data are on the calendar as well.
00:38In corporate headlines, Elon Musk's Tesla is the newest company to join the one trillion dollar
00:43club. Shares of the electric car maker have been on a tear ever since Donald Trump's re-election
00:49on Tuesday. Investors are betting that Musk's super close ties with Trump will mean lighter
00:54regulations and higher sales. In a note to clients this week, Wedbush Securities analyst Dan
01:00Ives told investors, quote, Tesla has the scale and scope that is unmatched in the EV industry
01:06and this dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy
01:12environment coupled by likely higher China tariffs that would continue to push away cheaper Chinese
01:18EV players. Trump had been lukewarm to the electric car market until Musk went all in on
01:25his re-election efforts. Musk poured at least 130 million dollars of his own money to get the
01:30president a second term. Investors believe it is now less likely Trump will get rid of the
01:36government's $7,500 EV tax credit that has helped spur Tesla sales. Shares of Tesla are up 30 percent
01:44in 2024. Nearly all of that came in a post-election boom. That'll do it for your daily
01:52briefing from the New York Stock Exchange. I'm Conway Gintins with The Street.

Recommended

2:08
I
Up next
Check out Tesla’s Cybercab robotaxi
The Street
2:00
Tesla reports gain rise in sales for the first time this year
The Street
1:56
Tesla investigated by NHTSA over ‘Full Self Driving’ feature
The Street
1:51
Tesla being investigated for securities and wire fraud
The Street
1:30
Tesla sales fall for the second straight quarter
The Street
1:12
Tesla Loses 50% of Value After Musk’s Twitter Acquisition
The Street
2:45
Tesla’s Biggest Problem Has Nothing to Do With Its Investor Day
The Street
1:52
Tesla’s robots are coming
The Street
1:56
Elon Musk could be the first trillionaire
The Street
3:01
How Tesla has fared since Elon Musk took over X
The Street
1:52
Tesla recalls Cybertrucks for sixth time this year
The Street
1:44
BYD reports double-digit Q3 revenue jump
The Street
1:12
Tesla Misses Q3 Mark, Despite Record Deliveries
The Street
0:49
Elon Musk Must Step Down From Twitter Before Tesla Reports Earnings, Dan Ives Says
The Street
2:01
Elon Musk has $56 billion compensation package stripped by judge
The Street
1:46
Tesla is no longer the world's leader in EV production
The Street
2:09
X is worth 80% less than when Elon Musk bought it
The Street
5:19
Elon Musk steps down as Tesla chairman: What happens next? — Technically Speaking
Mashable
2:06
What Tesla Investors Should Be Asking After Price Cut in China
The Street
0:40
Elon Musk sells Tesla shares worth $3.58 billion
rapplerdotcom
1:27
Elon Musk’s astonishing weekly Tesla salary revealed
The Independent
2:11
Elon Musk faces challenges in the U.S., Brazil, and Chechnya
The Street
1:02
Tesla Earnings Preview: What Jim Cramer Wants to Hear From Elon Musk
The Street
3:02
Tesla Recalls 360,000 Vehicles Over ‘Full-Self Driving’ Problems
The Street
0:33
Tesla Drops Over 5%
Wochit