Market Update
- Tesla’s stock declined by 3.3% in premarket trade on Tuesday
- The drop follows a broader tech rout amid concerns about the pace of Federal Reserve interest rate cuts in 2025
- Despite this, Tesla’s stock has still managed to jump around 68% for the year-to-date
Elon Musk’s Comments Spark Controversy
- Tesla’s billionaire founder Elon Musk has been embroiled in a series of controversies recently
- His latest outburst was in response to criticism of the H-1B visa programme, which allows US companies to hire skilled foreign workers
- Musk defended the programme as vital to America’s success and claimed that he would ‘go to war’ with the MAGA movement over skilled migrant visas
Trial Production at Tesla’s Energy Storage Gigafactory
- Despite the decline in stock price, Tesla has announced that its energy storage gigafactory in Shanghai has started trial production
- Mass production is expected early next year, which could be a positive development for the company
Sangamo Therapeutics (SGMO) Stock Falls After Pfizer Partnership Ends
- Sangamo Therapeutics’ stock dropped almost 50% in premarket trade on Tuesday after pharma giant Pfizer ended their partnership to make a new gene therapy to treat haemophilia A
- Despite meeting its goals in a late-stage trial, the company was planning to file for US and European approval early next year
Bitcoin (BTC-USD) Ticks Higher Amid Volatility
- Bitcoin ticked cautiously higher on the final day of the year after a rollercoaster year that saw it smash through previous all-time highs
- The largest digital asset by market cap was trading at around $93,800 by mid-morning in London on a subdued day in markets
Crypto Industry Anticipates Pro-Growth Regulation Under Trump Administration
- During the election cycle, US president-elect Donald Trump made several pledges in line with boosting the crypto industry
- One such pledge was to build a national bitcoin reserve for the US and sack the crypto critical US Securities and Exchange Commission (SEC) chair Gary Gensler
Endeavour Stock Climbs Amid Share Buyback Announcement
- Endeavour stock was among the winners of the FTSE 100 on Tuesday, climbing 1.8% after it announced a share buyback
- The transaction will involve the repurchase of 15,700 of its ordinary shares as part of its ongoing buy-back programme
Stocks to Watch
If you’re interested in tracking the performance of these companies and others like them, consider creating a watchlist and portfolio using a stock market app or website. This can help you stay up-to-date on the latest news and developments affecting your investments.
Tips for Investing in the Stock Market
When investing in the stock market, it’s essential to do your research and make informed decisions. Here are some tips to consider:
- Diversify your portfolio: Spread your investments across different asset classes to minimize risk.
- Set clear goals: Define what you want to achieve through your investments and create a plan to get there.
- Monitor the market: Stay up-to-date on the latest news and developments affecting the companies in your portfolio.
Additional Resources
For more information on investing in the stock market, consider checking out these additional resources:
- Yahoo Finance App: A comprehensive app that provides real-time stock quotes, charts, and news.
- Investopedia: A website that offers a wealth of educational resources on investing and personal finance.
By staying informed and making smart investment decisions, you can navigate the complexities of the stock market with confidence.