Maxeon Solar Technologies 주식 (NASDAQ: MAXN)

에 대한 최신 뉴스 Maxeon Solar Technologies (NASDAQ:MAXN) 주식

Maxeon Solar Technologies

Maxeon Solar Technologies Ltd is engaged in the manufacturing and marketing of premium solar technology. It owns and operates solar cell and panel manufacturing facilities located in Malaysia, Mexico, and the Philippines. The company's primary products are the Maxeon line of interdigitated back contact (IBC) solar cells and panels, and the Performance line (formerly, P-Series) of shingled solar cells and panels. the Maxeon line of solar panels are the highest-efficiency solar panels on the market with an aesthetically pleasing design, and the Performance line of solar panels offers a high-value and cost-effective solution. It is targeted at residential and small-scale commercial customers across the globe. The company derives its revenue from the United States, France, Italy, and others.

Analyst Color

Government

Large Cap

News

Downgrades

Price Target

Analyst Ratings

Movers

Trading Ideas

General

FSLR

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

SEDG

TPIC

최근 미국 대통령 선거 결과, 특히 공화당의 압승은 도널드 트럼프 대통령 당선인의 지도하에 재생 에너지의 미래에 대한 의문을 제기했다. 모건 스탠리의 보고서는 다양한 정책 시나리오에 따른 재생 에너지의 경제적 영향을 평가하고, 이것이 수익성에 미치는 영향을 분석한다.

트럼프의 당선, 경제적 도전으로 인해 재생 에너지 주식의 전망이 암울: 모건 스탠리

Maxeon Solar Technologies Ltd

Based on the Company's current business outlook, management expects the overall performance for first quarter 2025 to be as follows:
<ul>
<li>Revenue is expected to be between US$25.0 billion and US$25.8 billion;</li>
</ul>
And, based on the exchange rate assumption of 1 US dollar to 32.8 NT dollars,
<ul>
<li>Gross profit margin is expected to be between 57% and 59%;</li>
<li>Operating profit margin is expected to be between 46.5% and 48.5%.</li>
</ul>
The management further expects the 2025 capital budget to be between US$38 billion and US$42 billion.

Guidance

Taiwan Semiconductor Expects Q1 Revenue Of $25.0B-$25.8B Vs $24.97B Est

The National Highway Traffic Safety Administration (NHTSA) said on Wednesday that it has closed its one-year-old probe into General Motors Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) Cruise robotaxis in light of the company ceasing business operations.
What Happened: The NHTSA commenced a probe into Cruise robotaxis in October 2023 to gauge whether they are exercising caution around pedestrians following reports of two crashes. The regulator said it is aware of five incidents involving a collision between a Cruise vehicle and a pedestrian, three of which caused an injury. The cars were unable to avoid a collision despite attempting to in all five cases, it said.
After the start of the investigation, Cruise in Nov. 2023 issued a recall for a defect in its Automated Driving System (ADS) that affected 950 vehicles.
The regulator, on Wednesday, closed the probe in light of the recall action taken by Cruise. The company has also since stopped business operations and no versions of its automated driving system are operating on public roads, the regulator noted.
Why It Matters: In December, GM said it would <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42425386/general-motors-stock-is-rising-after-the-bell-whats-driving-the-action" target="_blank" rel="noreferrer noopener">no longer fund</a> Cruise‘s robotaxi development but instead combine the majority-owned unit into its technical teams.
The robotaxi development work needs considerable time and resources to scale, GM reasoned, while adding that the robotaxi market is getting increasingly competitive.
Cruise was a major robotaxi player in the U.S. in the leagues of Alphabet Inc.&#8217;s Waymo until Oct. 2023 when a Cruise robotaxi got involved in an accident in San Francisco. The accident led to increased regulatory scrutiny and the company subsequently suspended all of its operations in the U.S.
In July, the company also said it is abandoning its plans to build the Origin autonomous vehicle and focussing on <a href="https://www.benzinga.com/news/24/07/39903020/gms-cruise-abandons-pedal-less-origin-autonomous-vehicle-pivots-to-next-generation-chevrolet-bolt-in" target="_blank" rel="noreferrer noopener">using its next-generation Chevrolet Bolt </a>for autonomous driving operations, citing costs and the "regulatory uncertainty" around the Origin pedal-less vehicle.
Hopes re-emerged briefly when Barra said in October that Cruise is&nbsp;<a href="https://www.benzinga.com/markets/equities/24/10/41481122/gm-working-hard-to-resume-driverless-cruise-vehicles-by-end-of-year-says-ceo-mary-barra-we-want-" target="_blank" rel="noreferrer noopener">looking to return to operating driverless vehicles</a>&nbsp;by the end of the year but the company ceased operations in December. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43020027/starships-7th-test-flight-postponed-to-thursday-owing-to-unfavorable-weather-says-spacex" target="_blank" rel="noreferrer noopener">Starship&#8217;s 7th Test Flight With Simulated Starlink Payload Delayed Until Thursday Due To Unfavorable Weather, Says SpaceXVs In US In 2024: Ford, GM Follow</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

NHTSA Closes Safety Probe Into GM Cruise Robotaxis Weeks After It Ceased Operations

PRTH

Reported Earlier, Priority Technology Prices Secondary Offering 9,070,643 Common Shares At $7.75/Share.

Stellantis Reports Q4 2024 Consolidated Shipment Estimates -9% Q4 y-o-y decline in shipments improved vs. -20% in Q3, as inventory reduction actions concluded and new product launches in Europe reduced gaps in the Company's offering related to our generational portfolio transition&nbsp;

STLA

Stellantis Reports 1.395M Units Shipped In Q4 2024, Down 9% Year-Over-Year

French AI startup Mistral has signed a multi-million-euro agreement with Agence France-Presse or AFP.
What Happened: The deal, announced on Thursday, will see over 2,000 AFP articles in six languages incorporated into Mistral&#8217;s chatbot, Le Chat, daily.
Arthur Mensch, co-founder and CEO of Mistral, stressed the importance of such agreements for delivering well-grounded information.
Fabrice Fries, CEO of AFP, underscored the deal as a testament to Mistral&#8217;s dedication to independent, fact-based journalism.
He <a href="https://www.ft.com/content/9200122d-bb4d-4f13-b9db-4991815026b4">told</a> the Financial Times that, unlike similar agreements that companies like OpenAI have struck with other media groups, this is not a one-off settlement for data.
See Also: <a href="https://www.benzinga.com/25/01/43019833/elon-musk-buying-tiktok-could-hurt-tesla-warns-gary-black-but-dan-ives-thinks-it-makes-sense">Elon Musk Buying TikTok Could Hurt Tesla Stock, Warns Gary Black — But Wedbush&#8217;s Dan Ives Thinks It Makes Sense</a>
&#8220;&#8216;Free speech' is being weaponized against Europe to a great extent and there is this offensive by Big Tech on European regulation,&#8221; he said, adding, &#8220;Precisely this kind of deal, in the current context, shows that an AI player has bet on independent, fact-based professional journalism.&#8221;
Why It Matters: AFP&#8217;s collaboration with Mistral also aims to offset revenue losses as its fact-checking contract with Meta winds down, the report noted.
AFP generated about €20 million (approximately $20.57 million) in 2024 from tech platforms, including fact-checking and content licensing deals.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
The partnership comes as Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Elon Musk&#8217;s X, formerly Twitter, have <a href="https://www.benzinga.com/25/01/42960291/metas-content-moderation-changes-alarm-advertisers-as-zuckerberg-aligns-with-trump-and-musk">reduced content moderation</a> in favor of &#8220;free speech.&#8221;
Earlier this week, Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google also <a href="https://www.benzinga.com/tech/25/01/43014233/google-expands-collaboration-with-associated-press-to-deliver-up-to-date-information-in-gemini-ai-app">expanded its collaboration</a> with the Associated Press to improve its Gemini app.
Last year, <a href="https://www.benzinga.com/news/24/06/39293436/microsoft-backed-mistral-ai-sees-valuation-spike-to-6b-after-securing-645m-funding">Mistral secured $645 million</a> in funding, achieving a valuation of $6 billion. This positioned it as Europe&#8217;s leading AI company and the sole start-up on the continent developing large language models to compete with industry giants like OpenAI, Anthropic, and xAI.
Mistral AI was established in April 2023 by ex-engineers from Google DeepMind and Meta. Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) also has a minor stake in the company.
Photo Courtesy: Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43018848/those-are-air-bubbles-the-time-steve-jobs-rejected-the-first-ipod-prototype-and-pushed-apple-engineers-to-think-smaller" target="_blank" rel="noreferrer noopener">Steve Jobs Dropped The First iPod Prototype In A Fish Tank And It Wasn't To Test If It Was Waterproof</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Media

GOOG

GOOGL

MSFT

French AI Startup, Founded By Google And Meta Veterans, Signs Million-Dollar Content Moderation Deal With AFP To Counter Big Tech's Pullback

Broadridge Unveils AI-Driven Analytics For Multi-Asset Post-Trade Management

Apple MixC Hefei will officially open its doors to the public on Saturday, January 18, at 10 a.m. local time.

AAPL

Apple MixC Hefei Set To Open As First Store In Anhui, China

New development framework and services fast track multi-agent adoption by enabling interoperability and scalability to transform business processes

CTSH

Cognizant Launches Neuro AI Framework To Streamline Multi-Agent AI Adoption Across Industries

Consumer sentiment faces renewed pressure as inflation expectations hit 3.3% for both short and long-term outlooks, despite December&#8217;s core inflation showing signs of moderation at 3.2% year-over-year, <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43001512/inflation-rises-to-29-in-december-core-slows-yet-rising-energy-costs-put-feds-target-at-risk">below the expected 3.3%</a>.
&#8220;The consumer is worried about both short-term inflation expectations over the next year and long-term inflation expectations over the next 3 to 5 years, with both popping to 3.3%,&#8221; said Cathie Wood, CEO of Ark Invest, highlighting the impact on consumer expectations.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Inflation rises to 3.3% for both short- and long-term outlooks. Thanks to current economic conditions, consumer sentiment has slightly rebounded, but inflation concerns dampen expectations. <a href="https://twitter.com/CathieDWood?ref_src=twsrc%5Etfw">@CathieDWood</a> explores the current macroeconomic state in the first &quot;In The Know&quot; of 2025.
&mdash; ARK Invest (@ARKInvest) <a href="https://twitter.com/ARKInvest/status/1879585687244243400?ref_src=twsrc%5Etfw">January 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The headline Consumer Price Index rose 2.9% year-over-year in December, up from November&#8217;s 2.7%, marking the third consecutive monthly increase and the highest rate since July. Energy costs played a significant role, with the index climbing 2.6% and accounting for over 40% of December&#8217;s <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43001512/inflation-rises-to-29-in-december-core-slows-yet-rising-energy-costs-put-feds-target-at-risk">monthly price increases</a>.
Peter Schiff, Chief Economist at Europac, cautioned about underlying economic pressures, noting that &#8220;the CRB jumped another 1.6%, reaching a new 17-year high, up 21% in the past four months, while oil spiked almost 4%, closing at $80.41.&#8221;
The CRB Commodity Index, currently at 370.7, reached an all-time high of 470.17 in July 2008. This index tracks the price movement of 19 commodities, including aluminum, cocoa, coffee, copper, and more, providing a broad representation of commodity sectors.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">On the day Wall Street celebrated a &quot;benign&quot; <a href="https://twitter.com/hashtag/inflation?src=hash&amp;ref_src=twsrc%5Etfw">#inflation</a> report, the CRB jumped another 1.6%, hitting a new 17-year high, up 21% in the past four months, while oil spiked almost 4%, closing at $80.41, a seven-month high. Wall Street believes inflation is low as prices are soaring.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1879650691595260249?ref_src=twsrc%5Etfw">January 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/25/01/43019359/bitcoin-taps-100k-ethereum-dogecoin-rally-on-positive-inflation-data-trumps-pro-crypto-moves-analyst">Bitcoin, Ethereum, Dogecoin Rally On Positive Inflation Data, Trump&#8217;s Pro-Crypto Moves: Analyst Projects BTC Could Top $200K Range In 2025</a>
Financial markets responded positively to the mixed data, with Treasury yields falling significantly. Mohamed El-Erian, Chief Economic Advisor at Allianz, observed &#8220;a significant, across-the-board move down in yields today in the advanced world,&#8221; attributing it to better-than-expected U.S. inflation data.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A significant, across-the-board move down in yields today in the advanced world. It was driven by traders/investors' reaction to better-than-expected inflation data in the US , and with the UK outpacing others given its own inflation data release.<a href="https://twitter.com/hashtag/economy?src=hash&amp;ref_src=twsrc%5Etfw">#economy</a> <a href="https://twitter.com/hashtag/markets?src=hash&amp;ref_src=twsrc%5Etfw">#markets</a> <a href="https://t.co/jI8mor6T6G">pic.twitter.com/jI8mor6T6G</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1879647124532699554?ref_src=twsrc%5Etfw">January 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
However, former Treasury Secretary Larry Summers raised concerns about fiscal stability, pointing out that &#8220;the 5 year 5 year US Treasury yield has hit 5 percent even as the real yield for the same horizon is above 2.6 percent,&#8221; suggesting worries about future budget deficits.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The 5 year 5 year US Treasury yield has just hit 5 percent even as the real yield for the same horizon is above 2.6 percent.  This confirms concerns about looming budget deficits and a rising neutral rate.
&mdash; Lawrence H. Summers (@LHSummers) <a href="https://twitter.com/LHSummers/status/1879225916922175630?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rallied 1.82%, while the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 2.30%. The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) led sector gains, rising 2.55% as major banks reported strong fourth-quarter earnings.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/43018900/from-adani-to-nikola-how-hindenburg-research-reshaped-short-selling-before-its-final-bow">From Adani To Nikola: How Hindenburg Research Reshaped Short-Selling Before Its Final Bow</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Economics

Markets

Cathie Wood Says Inflation Worries Dampen Expectations, Schiff Singles Out Wall Street For Swallowing Narrative Even As Prices Soar

Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) reported quarterly earnings of $2.24 per share which beat the analyst consensus estimate of $2.16 by 3.7 percent. This is a 55.56 percent increase over earnings of $1.44 per share from the same period last year. The company reported quarterly sales of $26.88 billion which beat the analyst consensus estimate of $26.38 billion by 1.91 percent. This is a 37.02 percent increase over sales of $19.62 billion the same period last year.

Earnings

Taiwan Semiconductor Q4 GAAP EPS $2.24 Beats $2.16 Estimate, Sales $26.88B Beat $26.38B Estimate

Macro Economic Events

Econ #s

Reported Earlier, Australia Unemployment Rate For December 4.0% Vs. 4.0% Est.; 3.9% Prior

Reported Earlier, Australia Full Employment Change For December -23.7K Vs. 49.5K (Revised) Prior

Reported Earlier, Australia Employment Change For December 56.3K Vs. 14.5K Est.; 28.2K (Revised) Prior

Former Rep. Sean Duffy (R-Wis.), and President-elect Donald Trump&#8216;s pick to lead the Department of Transportation, pledged Wednesday to maintain rigorous oversight of Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and <a href="https://www.benzinga.com/news/24/10/41398764/nhtsa-opens-probe-into-2-4m-tesla-vehicles-after-reports-of-4-crashes-with-fsd-involved">continue safety investigations</a> into Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) during his Senate confirmation hearing.
What Happened: Duffy told the Senate Commerce Committee that Boeing needs &#8220;tough love&#8221; as it grapples with recent safety failures, including January 2024&#8217;s Alaska Airlines door panel blowout incident involving a 737 Max 9 aircraft.
&#8220;We have to make sure they are implementing their safety plan,&#8221; Duffy <a href="https://www.commerce.senate.gov/2025/1/full-committee-nomination-hearing_2">said</a>, emphasizing his commitment to working with the Federal Aviation Administration to restore global confidence in the aircraft manufacturer.
The former Wisconsin congressman also committed to allowing the National Highway Traffic Safety Administration to proceed with its investigation into Tesla&#8217;s Full Self-Driving software. The probe, launched last October, covers approximately 2.4 million vehicles following four reported crashes.
When questioned by Sen. Ed Markey (D-Mass.) about potential conflicts given Tesla CEO Elon Musk&#8216;s status as a Trump campaign donor, Duffy emphasized his independence. &#8220;I commit to this committee and to you that I will let NHTSA do their investigation,&#8221; he said, noting he hasn&#8217;t met industry executives.
See Also: <a href="https://www.benzinga.com/news/25/01/43019094/bidens-farewell-address-targets-tech-oligarchy-in-trump-2-0-era-president-says-americans-face-avalanche-of-misinformation">Biden&#8217;s Farewell Address Targets Tech Oligarchy In Trump 2.0 Era: President Says Americans Face &#8216;Avalanche Of Misinformation&#8217;</a>
Why It Matters: Duffy also signaled support for reforming highway funding to capture revenue from electric vehicle users, who currently don&#8217;t contribute to the Highway Trust Fund through gas taxes. This stance aligns with Trump&#8217;s previously announced plans to reshape EV policies, including the potential <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41988194/trump-plans-to-erase-ev-tax-credit-analyst-says-its-net-bullish-calls-sell-off-wrong-knee-jerk-reaction">elimination of consumer tax credits</a>.
The nomination comes as the transportation sector faces multiple challenges, from aviation safety concerns to evolving autonomous vehicle regulations. If confirmed, Duffy would oversee critical agencies including the FAA, NHTSA, and Federal Railroad Administration, with Trump <a href="https://www.benzinga.com/news/24/11/42053292/trump-picks-sean-duffy-as-next-transportation-secretary-says-he-will-usher-in-the-golden-age-of-travel">tasking him to usher in what he calls</a> &#8220;The Golden Age of Travel.&#8221;
Market analysts at Wedbush Securities have noted that a Trump <a href="https://www.benzinga.com/24/11/42076876/what-could-trumps-new-dot-pick-mean-for-evs-airlines-railroads">presidency could present headwinds</a> for the broader EV industry, particularly affecting startups like Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) and Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) if existing incentives are rolled back.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/43019732/as-tesla-soars-8-gary-black-cites-trump-impact-elon-musk-pay-package-and-30k-car-as-key-catalysts-for-ev-maker-in-2025">As Tesla Soars 8%, Gary Black Cites Trump Impact, Elon Musk Pay Package, And $30K Car As Key Catalysts For EV Maker In 2025</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

LCID

RIVN

TSLA

Trump's Transportation Pick Says He Will Continue Tesla FSD Probe, Sees Need For 'Tough Love' With Boeing

SpaceX's&nbsp;seventh test flight of its&nbsp;Starship&nbsp;launch vehicle is now slated for Thursday, after getting pushed back from Wednesday owing to unfavorable weather conditions. 
What Happened:&nbsp;The company said that it is currently preparing to launch Starship on Thursday at 4:00 p.m. CT. 
The launch was previously slated for Wednesday but the company had warned that it is keeping a close eye on weather and that the timeline could be pushed in case of adverse conditions. 
Starship's seventh flight test has already been&nbsp;<a href="https://www.benzinga.com/general/space/25/01/42937833/elon-musks-spacex-delays-starship-7th-test-flight-to-wednesday" target="_blank" rel="noopener">postponed multiple ti</a>mes. In December, company CEO Elon Musk had pegged it for as early as&nbsp;<a href="https://www.benzinga.com/25/01/42891052/spacexs-starship-7th-flight-test-now-slated-for-monday" target="_blank" rel="noreferrer noopener">Jan. 10</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Due to weather, we&#39;re now targeting Thursday, January 16 for Starship&#39;s seventh flight test. The 60-minute launch window opens at 4 p.m. CT. → <a href="https://t.co/QNCSPTewLA">https://t.co/QNCSPTewLA</a> <a href="https://t.co/ZV08pXeqbf">pic.twitter.com/ZV08pXeqbf</a>
&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/1879549071276531906?ref_src=twsrc%5Etfw">January 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Starship, currently&nbsp;<a href="https://www.benzinga.com/24/12/42718758/elon-musk-says-starship-will-get-fully-reusable-heat-shield-in-2025-i-am-confident" target="_blank" rel="noreferrer noopener">undergoing testing and development</a>, will launch from Starbase for its seventh test flight carrying 10 Starlink simulators which are similar in size and weight to the company's next-generation Starlink satellites in a bid to demonstrate its capabilities in the satellite launch segment.
For the upcoming flight, SpaceX is looking to catch the two-stage vehicle&#8217;s booster back at the launch pad at Starbase with the launch tower&#8217;s metallic arms like on its fifth test flight in October. However, in case of any safety concerns, the company will splash it down in the Gulf of Mexico, it said.
The spacecraft, meanwhile, is slated to be splashed down in the Indian Ocean for the upcoming test.
While SpaceX has conducted 6 test flights of its ambitious launch vehicle to date, none of them carried a payload. The last test flight of Starship was in November.
Starship is key to many big ambitions in the field of space exploration. While NASA is looking forward to landing humans back on the surface of the Moon after a gap of over 50 years with the help of a&nbsp;<a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs" target="_blank" rel="noreferrer noopener">custom version of the Starship</a>, Musk dreams of taking&nbsp;<a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing" target="_blank" rel="noreferrer noopener">humans to the planet Mars</a>&nbsp;aboard the&nbsp;vehicle.
Check out more of Benzinga's Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/42995131/10-best-selling-evs-in-us-in-2024">Elon Musk&#8217;s Tesla Leads The Pack In Top-Selling EVs In US In 2024: Ford, GM Follow</a></li>
</ul>

SPACE

Starship's 7th Test Flight With Simulated Starlink Payload Delayed Until Thursday Due To Unfavorable Weather, Says SpaceX

Memecoins roared back into momentum on Wednesday amid a broader rally supported by encouraging inflation data and Donald Trump's pro-cryptocurrency moves.
What happened: The unconventional Fartcoin surged over 27% in the last 24 hours to emerge as the biggest meme coin gainer.&nbsp;
The Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based token amassed a market capitalization of $1.24 billion at the time of writing, with trading volumes jumping 26% in the last 24 hours.
Fartcoin was followed by dogwifhat, another popular community-driven Solana meme coin, based on a meme featuring a dog wearing a hat.
The billion-dollar-valued cryptocurrency pumped 11%, while its trading volume jumped 75%.
PENGU, the official coin of the popular non-fungible token collection Pudgy Penguins, gained 9.76% to a market capitalization of $2.16 billion.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 10:45 p.m. ET)</td>
</tr>
<tr>
<td>Fartcoin (FARTCOIN)</td>
<td>+27.22%</td>
<td>$1.25</td>
</tr>
<tr>
<td>dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>)</td>
<td>+11.55%</td>
<td>$1.71</td>
</tr>
<tr>
<td>Pudgy Penguins (PENGU)</td>
<td>+9.76%</td>
<td>$0.03448</td>
</tr>
</tbody>
</table>
</figure>
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/government/regulations/25/01/42994641/italys-largest-bank-leaps-into-bitcoin-trading-with-1-million-test-investment-but-ceo-says-he-doesnt-invest-in-btc-personally">Italy&#8217;s Largest Bank Leaps Into Bitcoin Trading With $1 Million &#8216;Test&#8217; Investment But CEO Says He Doesn&#8217;t Invest In BTC Personally</a>
Meme coin heavyweights like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) also gained momentum, rising 3.63% and 2.58%, respectively.
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based frog-themed coin Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) jumped 6%, while cat-themed Popcat, one of 2024's biggest gainers, rallied 7.88% in the last 24 hours.
The total meme coin market capitalization rose 4.83% to $106.94 billion, while the overall volume surged 27.81% to $10.74 billion.
The upsurge followed <a href="https://www.benzinga.com/25/01/43019359/bitcoin-taps-100k-ethereum-dogecoin-rally-on-positive-inflation-data-trumps-pro-crypto-moves-analyst">slower-than-expected growth</a> in core inflation, seen as a net positive for risk-on assets. Additionally, a report raised hopes for <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43008666/sec-under-trump-administration-to-revise-crypto-policies-report" target="_blank" rel="noreferrer noopener">clear cryptocurrency regulations under new SEC leadership</a> in the Trump administration.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/01/42993521/michael-saylors-microstrategy-not-alone-in-bitcoin-acquisition-says-bitwise-chief-investment-officer-its-a-bona-fide-megatrend">Michael Saylor&#8217;s MicroStrategy Not Alone In Bitcoin Acquisition, Says Bitwise Chief Investment Officer: &#8216;It&#8217;s A Bona Fide Megatrend&#8217;</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$DOGE

$ETH

$PEPE

$SHIB

$SOL

$WIF

Dogecoin, Shiba Inu Advance But Fartcoin, Pudgy Penguins Lead Memecoin Rally With Double-Digit Gains

Payments-focused cryptocurrency XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) surged past $3 for the first time in 7 years on Wednesday in anticipation of a cryptocurrency-friendly SEC under the incoming Donald Trump administration.
What happened: XRP leaped over 8% in the last 24 hours to a market capitalization of $174 billion, surpassing stablecoin Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) to become the third-most valued cryptocurrency.
To put things into perspective, XRP currently has a larger market valuation than Wall Street-listed software giant Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>).
The coin's trading volume soared 121% in the last 24 hours to $23.20 billion, becoming the fourth-most traded cryptocurrency after Tether and the heavyweights, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
See Also: <a href="https://www.benzinga.com/general/education/25/01/43018482/if-you-invested-1000-in-xrp-token-10-years-ago-heres-how-much-youd-have-today">If You Invested $1,000 In XRP Token 10 Years Ago, Here&#8217;s How Much You&#8217;d Have Today</a>
XRP's searing rally got it <a href="https://trends.google.com/trends/explore?date=now%207-d&amp;q=XRP,bITCOIN&amp;hl=en">trending </a>over the internet. According to Google Trends, search interest for the coin hit 100, indicating peak popularity.
Speculative interest rose, with Open Interest in XRP futures jumping nearly 15% to $7.32 billion, <a href="https://www.coinglass.com/BitcoinOpenInterest">according </a>to Coinglass. The Open Interest has nearly tripled since 2025 began.
Why It Matters: The excitement stemmed from several bullish catalysts.
The<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43008666/sec-under-trump-administration-to-revise-crypto-policies-report"> expected pivot</a> of the SEC from a "hostile" to a more accommodating stance under Trump, the potential approval of XRP <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42878368/xrp-etf-very-soon-likely-next-after-bitcoin-and-ethereum-ripple-president-says">spot exchange-traded funds</a>, &nbsp;and the launch of the <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42783990/heres-how-ripples-rlusd-launch-has-affected-the-xrp-price">RLUSD stablecoin</a> by Ripple Labs.
Ripple Labs has been locked in a nearly <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40240559/xrp-outshines-bitcoin-ethereum-to-become-biggest-daily-gainer-after-judge-imposes-125m-pen">four-year-long legal battle</a> with the SEC over the status of XRP, and any change in the agency&#8217;s top leadership was viewed with optimism.
Meanwhile, the SEC formally <a href="https://www.dropbox.com/scl/fi/smffbtfkimb1hxxyqzfqt/SEC-Opening-Brief.pdf?rlkey=bql4heplqecwf5hvn7j041h7t&amp;e=2&amp;st=lg8w2b4b&amp;dl=0">filed </a>an appeal late Wednesday to overturn a 2023 ruling that Ripple's programmatic sales of XRP to retail clients through exchanges did not violate any securities laws, as claimed by the regulator.
Price Action: At the time of writing, XRP was exchanging hands at $3.02, up 8.64% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the coin was up 46.19%, compared to nearly 237% in gains in 2024.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/01/42993521/michael-saylors-microstrategy-not-alone-in-bitcoin-acquisition-says-bitwise-chief-investment-officer-its-a-bona-fide-megatrend">Michael Saylor&#8217;s MicroStrategy Not Alone In Bitcoin Acquisition, Says Bitwise Chief Investment Officer: &#8216;It&#8217;s A Bona Fide Megatrend&#8217;</a></li>
</ul>

$BTC

$USDT

$XRP

PLTR

XRP Soars To 7-Year High, Becomes Third-Most Valued Crypto Even As SEC Challenges 2023 Verdict In Ripple Labs Case

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) investor Gary Black has expressed concerns about Elon Musk acquiring TikTok's U.S. operations.
What Happened: Following the report about <a href="https://www.benzinga.com/general/social-media/25/01/42965533/elon-musk-emerges-as-potential-tiktok-us-buyer-as-ban-deadline-looms-company-terms-it-pure-fiction">Chinese officials considering</a> Musk as a potential buyer of TikTok, Black took to X, formerly Twitter, and said, "A purchase of TikTok will hurt $TSLA shares."
Black warned that Musk&#8217;s acquisition could negatively impact Tesla&#8217;s stock, as it might require selling billions in Tesla shares to fund the estimated $40-$50 billion deal.
He noted that a similar situation occurred after Musk&#8217;s Twitter purchase, leading to a significant drop in Tesla&#8217;s share value.
See Also: <a href="https://www.benzinga.com/general/social-media/25/01/42957741/tiktok-ban-deadline-ahead-what-will-happen-to-app-on-your-phone">TikTok Ban Deadline Ahead: What Will Happen To App On Your Phone?</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bloomberg: Tesla CEO Elon Musk's Acquisition of TikTok US Being Evaluated as Potential Option Amid Impending Ban. My view is the same as I warned before Elon bought Twitter: A purchase of TikTok will hurt <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> shares because Elon will have to sell $ billions of TSLA shares… <a href="https://t.co/oUmPsYmPks">pic.twitter.com/oUmPsYmPks</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1879565363286863907?ref_src=twsrc%5Etfw">January 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, Wedbush analyst Dan Ives has suggested that Musk&#8217;s existing relationship with both the Donald Trump administration and Beijing could facilitate the deal.
In a note on Tuesday, Ives noted, "Given the strong and growing alliance between Trump and Musk this is not a total shock route as behind the scenes the Trump White House is looking at alternatives if the Supreme Court upholds the ban."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x203c;&#xFE0F;<a href="https://twitter.com/Tesla?ref_src=twsrc%5Etfw">@Tesla</a> Bull, Dan Ives of Wedbush, weighed in on the potential of CEO Elon Musk buying social media platform <a href="https://twitter.com/tiktok?ref_src=twsrc%5Etfw">@tiktok</a>, which is set to be banned in the United States in less than a week. &#x1f525; There&#39;s speculating that Elon Musk could be an ideal buyer, as he has already purchased… <a href="https://t.co/MffoMKPTel">pic.twitter.com/MffoMKPTel</a>
&mdash; Brian Basson (@BassonBrain) <a href="https://twitter.com/BassonBrain/status/1879424052856512561?ref_src=twsrc%5Etfw">January 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
A TikTok spokesperson earlier countered Bloomberg's report about Musk's potential acquisition of TikTok saying, &nbsp;&#8220;We can&#8217;t be expected to comment on pure fiction.&#8221;
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: TikTok users have been actively <a href="https://www.benzinga.com/25/01/42931704/tiktok-users-call-on-trump-to-deliver-immediately-on-his-promise-to-save-app-from-us-ban-we-dont-need-the-supreme-court-to">campaigning to prevent the ban</a>, urging President-elect Trump to intervene. Earlier, it was reported that <a href="https://www.benzinga.com/general/social-media/25/01/43018125/trump-considers-executive-order-to-save-tiktok-from-being-banned-in-4-days">Trump is considering an executive order</a> to save TikTok from the impending ban.
Jimmy Donaldson, also known as MrBeast has also expressed interest in acquiring TikTok, engaging with <a href="https://www.benzinga.com/general/social-media/25/01/42994923/mrbeast-discussing-buying-tiktok-with-billionaires-to-prevent-us-shutdown-lets-see-if-we-can-pull-this-off">several billionaires to explore</a> the feasibility of such a purchase.&nbsp;
Other potential buyers reportedly include Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), along with a group spearheaded by &#8220;Shark Tank&#8221; investor Kevin O&#8217;Leary.
If an agreement isn&#8217;t finalized by the deadline, TikTok will face removal from U.S. app stores on Sunday, Jan. 19.
Price Action: Tesla&#8217;s stock climbed 8.04% on Wednesday, closing at $428.22. However, in after-hours trading, it slipped 0.63% to $425.54, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43018848/those-are-air-bubbles-the-time-steve-jobs-rejected-the-first-ipod-prototype-and-pushed-apple-engineers-to-think-smaller">Steve Jobs Dropped The First iPod Prototype In A Fish Tank And It Wasn&#8217;t To Test If It Was Waterproof</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Social Media

ORCL

Elon Musk Buying TikTok Could Hurt Tesla Stock, Warns Gary Black — But Wedbush's Dan Ives Thinks It Makes Sense

Scott Bessent, the Treasury Secretary nominee for President-elect Donald Trump, has pledged to uphold the dollar&#8217;s status as the world&#8217;s reserve currency, aiming to usher in a &#8220;new economic golden age&#8221;.
What Happened: As reported by Reuters, Bessent, who is set to face the U.S. Senate Finance Committee on Thursday, underscored the significance of the dollar&#8217;s position in his prepared testimony. He suggested that the upcoming Trump administration should concentrate on productive investment to stimulate economic growth, rather than &#8220;wasteful spending that drives inflation.&#8221;
Bessent also emphasized the need to protect vulnerable supply chains from strategic competitors and advocated for the judicious use of sanctions as part of a comprehensive government strategy to meet national security needs. &#8220;And critically, we must ensure that the U.S. dollar remains the world&#8217;s reserve currency,&#8221; Bessent stated in his remarks.
See Also: <a href="https://www.benzinga.com/news/25/01/43019094/bidens-farewell-address-targets-tech-oligarchy-in-trump-2-0-era-president-says-americans-face-avalanche-of-misinformation">Biden&#8217;s Farewell Address Targets Tech Oligarchy In Trump 2.0 Era: President Says Americans Face &#8216;Avalanche Of Misinformation&#8217;</a>
Why It Matters: Bessent&#8217;s commitment to maintaining the dollar&#8217;s global reserve status comes amidst a backdrop of investor confidence in the U.S. dollar during Trump&#8217;s second term, despite uncertainties surrounding his proposed economic policies. Currency traders have <a href="https://www.benzinga.com/startups/25/01/42897508/the-dollar-will-remain-mighty-investors-double-down-on-trumps-economic-gambit">steadily boosted</a> the dollar&#8217;s value against major international currencies since election night, signaling faith in American economic dominance.
Moreover, Trump&#8217;s recent <a href="https://www.benzinga.com/news/global/24/12/42257504/trump-threatens-brics-nations-with-100-tariffs">stern warning</a> to the BRICS nations against shifting away from the U.S. dollar underscores the incoming administration&#8217;s commitment to maintaining the dollar&#8217;s dominance. This stance is further reinforced by Bessent&#8217;s remarks on securing vulnerable supply chains and using sanctions to meet national security needs.
However, the dollar&#8217;s <a href="https://www.benzinga.com/25/01/42997019/asia-markets-mixed-europe-advances-gold-surges-1-dollar-dips-global-markets-today-while-us-slept">recent dip</a>, ahead of bank earnings reports, suggests that the path to maintaining the dollar&#8217;s global reserve status may not be without challenges.
The dollar index, a measure of the greenback&#8217;s strength against a basket of six other currencies, hit a 26-month high of 110.17 on Monday. The index saw a decline of 0.11% to 109.06 on Tuesday morning.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

Forex

Trump Treasury Nominee Pledges To Maintain Dollar's Global Reserve Status, Outlines Vision For 'New Economic Golden Age'

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares climbed more than 8% Wednesday amid optimistic forecasts from prominent investor Gary Black, who cited multiple growth catalysts for the electric vehicle maker in 2025.
What Happened: Black, managing partner of The Future Fund LLC, highlighted Tesla&#8217;s upcoming $30,000-$35,000 vehicle as a key driver for expanding the company&#8217;s total addressable market in the compact segment. The forecast comes as Tesla dominated U.S. electric vehicle sales in 2024, with its Model Y SUV capturing 28.6% market share.
&#8220;Tesla catalysts are the strongest collection I&#8217;ve seen in years,&#8221; Black wrote on X, pointing to potential regulatory tailwinds under the President-elect Donald Trump administration for autonomous driving approval and the Delaware Supreme Court&#8217;s recent decision on CEO Elon Musk&#8216;s compensation package.
The Future Fund projects Tesla&#8217;s earnings per share to reach $3.70 in fiscal 2025, surpassing the consensus estimate of $3.25. The firm maintains its $380 price target while noting potential upside if Federal Reserve interest rate cuts materialize.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> catalysts are the strongest collection I've seen in years. From the $30-$35K vehicle which promises to expand TSLA TAM to the compact segment, to Trump streamlining the federal process so TSLA can obtain unsupervised autonomy licensure, to accelerated volume growth with… <a href="https://t.co/xxMbAVI9fD">pic.twitter.com/xxMbAVI9fD</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1879668320829419905?ref_src=twsrc%5Etfw">January 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/43018900/from-adani-to-nikola-how-hindenburg-research-reshaped-short-selling-before-its-final-bow">From Adani To Nikola: How Hindenburg Research Reshaped Short-Selling Before Its Final Bow</a>
Why It Matters: Black dismissed <a href="https://www.benzinga.com/general/social-media/25/01/42965533/elon-musk-emerges-as-potential-tiktok-us-buyer-as-ban-deadline-looms-company-terms-it-pure-fiction">speculation about X acquiring</a> TikTok&#8217;s U.S. operations but acknowledged risks to Tesla&#8217;s outlook, including possible changes to the $7,500 federal EV tax credit. When questioned about focusing on Tesla&#8217;s automotive business, Black defended his stance, noting it generates 85% of the company&#8217;s profits.
The bullish outlook comes as <a href="https://www.benzinga.com/25/01/42995131/10-best-selling-evs-in-us-in-2024">the broader EV market</a> shows signs of strength. Industry researcher Cox Automotive expects electric vehicles to comprise 10% of total U.S. auto sales in 2025, up from 8.1% in 2024, despite potential policy uncertainties under the incoming Trump administration.
Tesla&#8217;s stock surge coincided with RBC raising its price target to $440 from $313, contributing to <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43011444/wall-street-rallies-as-treasury-yields-fall-banks-smash-q4-earnings-oil-hits-80-whats-driving-markets-wednesday">Wednesday&#8217;s broader market rally</a> that saw major indices climb more than 1.5% on cooling inflation data.
Price Action: Tesla&#8217;s stock closed at $428.22 on Wednesday, marking an 8.04% gain. In after-hours trading, the stock slightly dipped by 0.61%. Over the past year, Tesla shares have surged an impressive 94.73%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/25/01/43013312/defense-stocks-fall-on-gaza-ceasefire-while-broader-market-rallies-whats-going-on">Defense Stocks Fall On Gaza Ceasefire While Broader Market Rallies: What&#8217;s Going On?</a></li>
</ul>
Image Via Flickr 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

As Tesla Soars 8%, Gary Black Cites Trump Impact, Elon Musk Pay Package, And $30K Car As Key Catalysts For EV Maker In 2025

Oil benchmarks little changed for 2024; demand concerns dampen 2025 price outlook

Maxeon Solar Technologies ( ($MAXN) ) just unveiled an update. Maxeon Solar Technologies announced an extension of the termination date for two par...

Maxeon Solar Extends Term Sheet Deadline with Key Shareholder

Aides to President-elect Donald Trump are considering tariff plans that would be applied to every country, but would cover only critical imports, a...

Trump considering tariffs for only critical imports, Washington Post reports

Incoming Trump administration explores pared down tariff plans- report

Incoming Trump administration explores pared down tariff plans - report

Trump lambasts report of pared down tariff plans (update)

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President-...

Trump Trade: President-elect may soften stance on tariffs

President-elect Donald Trump, in a post on Truth Social, said "The story in the Washington Post, quoting so-called anonymous sources, which don't e...

Trump says WaPo 'incorrectly stated' tariff policy will be pared back

Trump Trade: EV 'battery belt' towns betting Trump won't remove subsidies

Crude oil spikes most in three months as new Russia oil sanctions 'taken more seriously'

ALTM

ANFGF

AQMS

ARRY

ASPI

ASTI

ATLX

BHPLF

BNRG

BRBR

BRFS

CALM

CELH

CENX

CLNE

CRML

CSIQ

CSTM

DRIP

ENPH

EOSE

FCEL

FLNC

FTCI

GLCNF

GLNCY

GUSH

HNDAF

HYMLF

HYMTF

INGR

INSW

IVPAF

JJSF

KALU

KGEI

KOLD

KTOS

LANC

LESL

LTBR

METC

MNST

NOVA

OKLO

PLUG

POST

PPTA

SCCO

SHLS

SMPL

STLD

SUNE

TECK

TOPS

TSCO

USLM

USOI

VALE

VTLE

VZLA

WAVE

Commodities

Press Releases

Cypress Creek Renewables Selects Maxeon Solar Solutions for Major Utility Scale Projects

Stock Split

Maxeon Receives Nasdaq Notification and is Proceeding with Approved Reverse Stock Split

Pomerantz Law Firm Announces the Filing of a Class Action Against Maxeon Solar Technologies, Ltd. - MAXN

Maxeon Announces CEO Leadership Transition

Maxeon Provides Update on CBP Detention of its Solar Panels

Maxeon Announces Restructuring of Business Portfolio

Maxeon Solar Technologies Announces Third Quarter 2024 Financial Results

Maxeon and Tongwei Solar Announce Settlement Agreement Resolving Patent Infringement Lawsuit

Comments

Maxeon Solar Technologies

뉴스

에 대한 최신 뉴스 Maxeon Solar Technologies (NASDAQ:MAXN) 주식

토요일, 11월 16, 2024

사람들이 또한 지켜본다

뉴스

파트너 / 기고자

벤징가 글로벌