🚀 Tesla Reports First Annual Sales Decline

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Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Tesla's Q4 2024 report revealed 495,570 deliveries, falling short of expectations and marking the first annual decline in deliveries since 2023, with yearly totals down to 1.79 million. Shares dropped 7% as analysts noted missed forecasts and challenges in key markets like Europe and China, where competitors like BYD gained ground. Despite a record 63% annual stock rally, concerns about Musk's political involvement and focus on ventures beyond EVs, like humanoid robotics and Cybertrucks, which face sluggish sales, have raised questions. Tesla plans to rebound in 2025 with affordable, autonomous vehicles and a projected 20-30% growth.

2. The euro and pound fell to multi-month lows against the U.S. dollar as markets opened 2025 with optimism about U.S. economic dominance under Donald Trump's return to the presidency. The euro dropped 0.42% to $1.031, its lowest since 2022, while sterling hit an eight-month low at $1.239. The U.S. dollar strengthened on upbeat growth forecasts, low unemployment, and anticipation of pro-business policies, despite inflation risks tied to Trump's tariff threats. Europe’s economic outlook remains weak, with stagnation in the U.K. and structural challenges in Germany and France, potentially deepening the euro's slide toward dollar parity.

3. Ukraine halted Russian gas transit to Europe on January 1, ending a five-year agreement amid war tensions, effectively severing Moscow’s decades-long grip on European energy markets. The stoppage impacts countries like Austria and Slovakia, though EU gas storage remains at 73% capacity. While Austria claims readiness, Slovakia's Prime Minister Fico warned of severe EU consequences and threatened to cut Ukraine’s electricity. Ukraine’s Energy Minister hailed the move as a "historic event," while Poland called it a political win against Russian "blackmail." Mild winter weather and alternative LNG supplies are expected to mitigate the fallout.

4. Headlines

   1. Crypto prices were up to start the year as Bitcoin seeks to regain the $100,000 threshold.

   2. Apple is discounting its products in China to compete against Huawei.

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