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14:33
U.S. stocks start the new year strong, Nasdaq opens up over 1%
According to Golden Ten Data on January 2, on the first trading day of 2026, the US stock market opened with the Dow Jones up 0.18%, the S&P 500 Index up 0.54%, and the Nasdaq up over 1%. Baidu (BIDU.O) rose more than 10% after announcing the spin-off of Kunlun Chip for listing in Hong Kong. A certain exchange (TSLA.O) rose 1.8%, with vehicle deliveries reaching 418,200 units in the fourth quarter of 2025 and total annual deliveries reaching 1.64 million units.
14:21
Annual sales drop by 8.6%, Tesla hands over the electric vehicle crown to BYD
According to Golden Ten Data on January 2, Tesla (TSLA.O) saw its car sales drop by 8.6% last year, causing the Musk-led company to fall far behind BYD in the global ranking of electric vehicle manufacturers. Tesla stated in a release on Friday that its fourth-quarter deliveries fell by 16% to 418,227 vehicles, below analysts’ expectations. In contrast, BYD’s electric vehicle sales increased both in the quarter and for the full year, delivering nearly 2.26 million electric vehicles for the year, while Tesla’s electric vehicle sales were 1.64 million. Wall Street is increasingly skeptical about Tesla’s sales prospects for 2026. Two years ago, analysts predicted Tesla would deliver more than 3 million vehicles; now, the average forecast has plummeted to around 1.8 million.
14:15
Electric vehicle demand declines, Tesla's quarterly deliveries drop more than expected
According to Golden Ten Data on January 2, Tesla (TSLA.O) announced on Friday that its fourth-quarter delivery volume declined more than expected, marking a second consecutive annual drop in sales. After the cancellation of tax incentives, the company struggled to boost demand for its electric vehicles. Tesla stated that it delivered 418,227 vehicles in the fourth quarter, down from 495,570 in the same period last year. According to Visible Alpha data, analysts had expected deliveries of 434,487 vehicles. For the full year, Tesla delivered 1.64 million vehicles, compared to 1.79 million in 2024. Analysts surveyed by Visible Alpha had previously expected the company to deliver about 1.65 million vehicles for the year. These figures have raised questions about whether Tesla can stabilize its core automotive business after two consecutive years of declining sales. However, the company is shifting towards future projects such as robotics and autonomous vehicles to justify its high valuation. Analysts noted that Tesla faces the greatest pressure in 2025 from North America and Europe, where competition is intensifying, and the company also faced negative brand reactions earlier this year related to Musk's political statements. Despite the decline in vehicle deliveries, Tesla's stock price still rose by about 11.4% in 2025, increasing Musk's wealth.
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