Últimas noticias sobre Ford Motor (NYSE:F) Bolsa

Ford Motor

Ford Motor Co. manufactures automobiles under its Ford and Lincoln brands. In March 2022, the company announced that it will run its combustion engine business, Ford Blue, and its BEV business, Ford Model e, as separate businesses but still all under Ford Motor. The company has nearly 13% market share in the United States, about 11% share in the UK, and under 2% share in China including unconsolidated affiliates. Sales in the US made up about 66% of 2023 total company revenue. Ford has about 177,000 employees, including about 59,000 UAW employees, and is based in Dearborn, Michigan.

News

Movers

Ford gana terreno en la bolsa tras la decisión de Trump de revocar el mandato de vehículos eléctricos, ofreciendo mayor flexibilidad.

Ford sube tras la revocación de mandatos de vehículos eléctricos por Trump

Equities

Markets

Ford lanza el Mustang GTD y RTR, combinando rendimiento extremo y diseño innovador, celebrando los 60 años del icónico modelo.

Ford presenta nuevos Mustang GTD y RTR: innovación y potencia americana

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TSLA

Tesla podría superar el valor de todas las empresas de transporte excepto SpaceX, según Elon Musk. ¿Qué tan cerca está?

La capitalización de Tesla (TSLA) podría superar a todas las empresas de transporte, según Elon Musk

Ford Motor Co

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Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) is upset about U.S. President Donald Trump&#8216;s proposed tariffs <a href="https://www.benzinga.com/topic/tariffs">on imports from Mexico</a>.
The Wolfsburg, Germany-based car manufacturer &#8220;is concerned about the harmful economic impact that proposed tariffs by the U.S. administration will have on American consumers and the international automotive industry,&#8221; a Volkswagen spokesperson told Reuters.
<a href="https://www.benzinga.com/24/11/42178994/trump-says-he-will-impose-25-tariffs-on-canada-mexico-on-first-day-of-office-and-extra-tariffs-on-china-until-they-pay-attention">The 25% tariff</a>, set to be enforced by Feb. 1, could significantly impact Volkswagen, which runs one of its major plants in Puebla, Mexico.
The German automaker cautioned that these tariffs could harm both U.S. consumers and the global automotive industry, according to a report from Reuters.
According to data from Edmunds, as <a href="https://www.wsj.com/business/autos/trump-tariff-plan-affordable-car-price-increase-1f3d4687?mod=hp_lead_pos2">reported</a> by the Wall Street Journal, approximately one-third of all cars under $30,000 in the U.S. are <a href="https://www.benzinga.com/government/regulations/24/12/42688941/are-us-vehicles-under-30000-a-thing-of-the-past-trumps-mexico-tariff-plans-could-change-auto-market">currently manufactured in Mexico</a>. This represents an increase from about one-fifth of such vehicles a decade ago.
It&#8217;s no wonder Mexican President Claudia Sheinbaum has warned Trump that a trade war is not in his best interest, citing how the automakers that will suffer are based in the U.S. and that Mexico could respond with its own protectionist moves.
"One tariff will be followed by another in response, and so on until we put common companies at risk," Sheinbaum said at a press conference in November per <a href="https://www.bloomberg.com/news/articles/2024-11-26/mexico-hints-at-retaliation-after-trump-threatens-steep-tariffs?srnd=homepage-americas">Bloomberg</a>. "The main exporters from Mexico to the US are General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), and Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), which arrived 80 years ago. Why put in place a tariff that puts them at risk?"
Trump argues that his economic strategy will restore American manufacturing and revamp the<a href="https://www.benzinga.com/government/regulations/25/01/43086509/trump-unleashes-executive-orders-on-border-security-oil-drilling-domestic-manufacturing-in-first-acts-as-president"> nation's trade system</a>.
Also Read: <a href="https://www.benzinga.com/news/25/01/43023778/gm-vianode-strike-multi-billion-anode-graphite-supply-deal-details">GM, Vianode Strike Multi-Billion Anode Graphite Supply Deal: Details</a>
He promised to shift the financial burden from U.S. taxpayers to foreign competitors, stating, &#8220;Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens.&#8221;
The effects would extend beyond new vehicles, and affect prices of replacement components such as engines, transmissions, and tires also facing price hikes.
GM, Ford and Stellantis rely significantly on Mexican factories for these parts, meaning the higher costs would eventually be <a href="https://www.benzinga.com/startups/24/12/42344194/these-products-will-likely-see-price-hikes-due-to-trumps-tariffs-on-canada-and-mexico-2">passed on to U.S. consumers</a>.
Stellantis chair John Elkann, who recently visited Trump as part of a wider effort to connect with the newly-elected government, promised to adapt to the U.S. market under the new administration, per Reuters.
Stellantis also maintains two plants in Mexico, in Saltillo and Toluca.
Price Action: VWAGY shares are trading higher by 2.66% at $10.03 on the last check Tuesday.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43027582/toyota-subsidiary-agrees-to-16b-settlement-over-emission-data-fraud">Toyota Subsidiary Agrees To $1.6B Settlement Over Emission Data Fraud</a></li>
</ul>
Image: Shutterstock

Politics

General

STLA

VWAGY

Volkswagen 'Concerned' Over Trump Tariffs: Will Automakers Pass Costs To US Consumers?

Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) stock is trading higher on Tuesday, among other stocks in the automobile sector, after President Donald Trump revoked former President Joe Biden&#8216;s <a href="https://www.benzinga.com/government/regulations/25/01/43084601/trump-day-1-executive-order-tsunami-incoming-heres-what-hes-signing-first">electric vehicle mandate.</a>
What To Know: According to Reuters, Trump reversed an executive order that aimed for electric vehicles to account for half of all new car sales in the United States by 2030. Notably, the target was not legally binding.
Furthermore, Trump, in the executive order, put a stop to the distribution of money from a five billion dollar fund for electric vehicle charging stations. He also advocated for eliminating a rule that allowed states to implement stricter zero-emission vehicle standards by 2035
California, along with 11 other states, has implemented rules requiring the end of gasoline-only vehicle sales by 2035.
Additionally, Trump intends to instruct the Environmental Protection Agency to review regulations requiring automakers to meet stricter emissions standards by selling 30% to 56% electric vehicles by 2032, along with related rules set by the U.S. Department of Transportation.
Lastly, Trump has previously stated he may seek to eliminate the $7,500 tax credit for consumers purchasing electric vehicles.
Automobile-related stocks may be rising as Trump&#8217;s orders give automakers more flexibility in production planning. Investors might also be anticipating reduced financial pressure on companies to accelerate electric vehicle production, as regulatory targets and incentives could be loosened.
Related Link: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43094521/trump-meme-coin-plummets-30-but-traders-say-its-just-a-correction">Trump Meme Coin Plummets 30% But Traders Say It&#8217;s Just A Correction</a>
F Price Action: At the time of writing, Ford stock is trading 1.47% higher at $10.34, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: via Shutterstock

What's Going On With Ford Shares Tuesday?

WIIM

Shares of auto stocks are trading higher after President Trump revoked Biden's EV mandate.

U.S. stocks could open on a positive note on Tuesday after <a href="https://www.benzinga.com/government/regulations/25/01/43085323/trump-sworn-in-as-47th-president-declares-golden-age-of-america-begins-right-now">Donald Trump's inauguration</a> as the 47th President of the U.S. on Monday.
Futures point to a positive start to the Trump presidency amid a cloud of tariff threats against other countries and a slew of executive orders. These include Trump revoking President Biden's EV mandate, refocusing on energy, and ordering the government's employee base to be reduced.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.46%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.40%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.37%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.68%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Tuesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) gained 0.45% to $600.24 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.50% to $524.35, according to<a href="https://benzinga.grsm.io/lxquj26b2sag"> Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks ended Friday on a positive note, with the Nasdaq and S&amp;P 500 ending the day with major gains, while the Dow Jones closed 0.78% in the green.
Crude oil prices edged lower as traders await clarity about the new Trump administration's agenda.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) were among the top gainers on Friday, surging 3% during the session.
On the economic data front, U.S. industrial production rose by 0.9% in December, topping market estimates of a 0.3% increase. Housing starts rose by 15.8% from the previous month to an annualized rate of 1.499 million units in December.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, information technology, and communication services stocks recording gains on Friday.
However, healthcare and real estate stocks bucked the overall market trend, closing the session lower.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.51%</td>
<td>19,630.20</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>1.00%</td>
<td>5,996.66</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.78%</td>
<td>43,487.83</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.40%</td>
<td>2,275.88</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Analysts at JPMorgan sounded optimistic about the earnings growth prospects of U.S. companies over their European rivals, but the reason for this is slightly different.
According to JPMorgan strategist Mislav Matejka, the optimism stems from the fact that projections for the U.S. benchmark were "meaningfully" reduced despite a strong economy, according <a href="https://www.bloomberg.com/news/articles/2025-01-20/jpmorgan-s-matejka-sees-us-profits-outshining-europe-this-season">to</a> a report by Bloomberg.
On the other hand, expectations were "more punchy" for European stocks, which could be challenging for companies to meet.
See Also:<a href="https://www.benzinga.com/money/how-to-trade-futures"> How To Trade Futures</a>
Upcoming Economic Data
While there are no economic events scheduled for Tuesday, here's what investors will keep an eye on for the rest of the week:
<ul>
<li>On Wednesday, leading economic indicator data will be released at 10:00 a.m., ET.</li>
<li>On Thursday, initial jobless claims data will be released at 8:30 a.m. ET.</li>
<li>On Friday, S&amp;P flash services PMI and manufacturing PMI will be released at 9:45 a.m. ET.</li>
<li>Existing home sales and consumer sentiment data will be released at 10 a.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Auto stocks like Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), and Lucid Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), among others, will be in focus on Tuesday.</li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) gained 3.10% in pre-market trading President Trump revoked the Biden administration's AI order.</li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) stock fell nearly 2% after a rare downgrade from Jefferies, <a href="https://www.benzinga.com/markets/equities/25/01/43087992/apple-gets-rare-downgrade-from-jefferies-analyst-warns-on-slowing-revenue-growth-missed-forecasts-and-falling-iphone-demand">citing slowing revenue growth and iPhone demand</a>.</li>
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) continued to soar amid reports of the chipmaker being the target of an acquisition bid.</li>
<li>Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) edged up by 0.8% ahead of its earnings scheduled for later today.</li>
<li>Trump Media &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) <a href="https://www.benzinga.com/general/social-media/25/01/43091739/djt-stock-drops-3-in-tuesday-premarket-a-day-after-inauguration-key-details-about-trumps-media-company">shares fell more than 7% in pre-market</a> after President Trump's inauguration.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures fell in the early New York session, declining by 2.5% to hover around $75.30 per barrel.
The 10-year Treasury note yield edged lower to 4.587%.
Most of the major Asian markets were mixed on Tuesday, while European markets were in the red in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/social-media/25/01/43091739/djt-stock-drops-3-in-tuesday-premarket-a-day-after-inauguration-key-details-about-trumps-media-company">DJT Stock Drops 3% In Tuesday Premarket, A Day After Inauguration — Key Details About Trump&#8217;s Media Company</a></li>
</ul>
Photo Via Shutterstock

Futures

Economics

Federal Reserve

Pre-Market Outlook

Trading Ideas

AAPL

INTC

LCID

NFLX

NVDA

RIVN

US Stocks Set To Open On A Positive Note As Trump's Second White House Term Kicks Off: Tesla, Apple, Netflix Among Stocks In Focus

American EV giant&nbsp;Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) witnessed a 13% drop in new car registrations in 2024&nbsp;<a href="https://www.benzinga.com/news/24/10/41350137/tesla-wins-approval-to-begin-1st-stage-of-berlin-gigafactory-expansion-despite-protests" target="_blank" rel="noreferrer noopener">in the European Union</a> despite overall new car registrations rising in the year, according to data from the European Automobile Manufacturers Association (ACEA) released on Tuesday.
What Happened:&nbsp;The auto industry body said that 242,945 new Tesla cars were registered in the EU in 2024, <a href="https://www.benzinga.com/24/12/42571913/tesla-registrations-drop-by-nearly-41-in-november-in-eu-dragging-down-optimism-for-over-500000-ev-deliveries-in-q4">down from</a> 279,542 in 2023. 
The drop in registrations in the EU spurred Tesla&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43082006/tesla-researcher-says-it-will-help-ev-giants-annual-deliveries-if-trump-does-not-change-ev-tax-credit-eligibility-criteria-immediately">first fall in annual vehicle deliveries worldwide</a>. The company delivered 1,789,226 vehicles in 2024, 1.1% less than the 1,808,581 deliveries reported for 2023.
Overall new car registrations in the EU, however, rose by 0.8% to around 10.6 million units last year. Battery electric registrations fell by about 6% to 1.4 million units, dragged down by a drop in registrations in Germany. 
Dearborn-based Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) also witnessed a 13.7% drop in registrations to 309,441 units. 
Chinese Players Mark Growth, Others Showcase Mixed Performance: Chinese players, however, <a href="https://www.benzinga.com/25/01/42762224/bev-market-share-will-increase-across-us-china-europe-in-2025-says-sp-global-mobility">witnessed growth</a>.
Volvo Cars (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VLVOF#OTC">VLVOF</a>), majority-owned by China&#8217;s Zhejiang Geely Holding, saw registrations rise by a whopping 28% to 282,087 units. SAIC Motors also, likewise, saw registrations rise by 6.7% to 157,340 units.
German automaker Volkswagen continued to be the best-selling carmaker in the EU, with over 2.8 million new vehicles registered in 2024, marking a year-on-year growth of 3.2%. 
Chrysler parent Stellantis NV, witnessed a 7.2% drop in registrations to 1.7 million units while Renault Group witnessed a near 2% growth to 1.2 million units.
Price Action: At the time of writing, Tesla shares were up 1.91% in Tuesday&#8217;s premarket session, according to <a href="http://pro.benzinga.com">Benzinga Pro data.</a>
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/tech/25/01/43090016/which-evs-might-lose-7500-ev-tax-credit-under-trump-administration" target="_blank" rel="noreferrer noopener">Here Are The EVs Which Could Lose $7,500 EV Tax Credit Under Trump Administration</a></li>
</ul>
Image via Tesla

VLVOF

Tesla Struggles in Europe As New Registrations Fall 13% In 2024, Driving First Global Delivery Decline In Years

Customers in the U.S. looking to purchase an electric vehicle can get a $7500 federal EV tax credit for several models including from Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), and more. However, President Donald Trump on Monday said that his administration would consider ending tax credits, impacting the purchase price for eligible customers.
Vehicles That Qualify: The various Tesla electric vehicles eligible for $7,500 include select trims of the Cybertruck, Model 3, Model X, and Model Y. Other brand vehicles that qualify include the Kia EV9 and selected trims of the F-150 Lightning truck.
The only Plug-in Hybrid that qualifies for the credit is the Chrysler Pacifica PHEV.
The list of vehicles that qualify for the tax credit right now is as follows:
<ul>
<li>Acura ZDX</li>
<li>Cadillac Lyriq (Luxury and Sport Models)</li>
<li>Cadillac Optiq</li>
<li>Chevrolet Blazer EV (LT, RS, and SS Models)</li>
<li>Chevrolet Equinox EV (LT and RS Models)</li>
<li>Chevrolet Silverado EV (LT Model)</li>
<li>Ford F-150 Lightning (Flash, Lariat and XLT Trims)</li>
<li>Honda Prologue</li>
<li>Jeep Wagoneer S</li>
<li>Kia EV6</li>
<li>Kia EV9</li>
<li>Tesla Cybertruck (Single Motor and Dual Motor)</li>
<li>Tesla Model 3 (Long Range AWD, Long Range RWD, Performance variants)</li>
<li>Tesla Model X (AWD Variant)</li>
<li>Tesla Model Y (Long Range AWD, Long Range RWD, Performance variants)</li>
<li>Chrysler Pacifica PHEV</li>
</ul>
Trump&#8217;s Take On EV Tax Credits: In November, Reuters reported that&nbsp;Donald Trump‘s transition team plans to kill the $7,500 tax credit available on EV purchases. On Monday, after his inauguration, Trump himself said his administration would consider ending EV tax credits.
&#8220;The Republicans have a very small majority in the House, which could make it hard for the party to pass legislation of any kind,&#8221; The Future Fund Managing Partner Gary Black said about a possible repeal of the tax credit on Monday. &#8220;Another wild card is Elon Musk, with $TSLA accounting for nearly half of all EVs sold in the country. With Elon Musk close to the president, it is important to know how he will seek to shape changes to the tax credit. Other auto executives have also been lobbying Mr. Trump against a repeal of the credit. Among them is Ford's executive chairman, William C. Ford Jr., who recently spoke to the president-elect.&#8221;
However, Tesla CEO Elon Musk, a close Trump ally, has previously supported scrapping of the tax credit. 
"In my view, we should end all government subsidies, including those for EVs, oil and gas," Musk said in November.
During Tesla&#8217;s second-quarter earnings in late July, Musk also said that the impact of the elimination of subsidies&nbsp;<a href="https://www.benzinga.com/news/24/07/39934750/trump-presidency-and-ira-cut-would-be-devastating-for-competitors-says-elon-musk-long-term-probably" target="_blank" rel="noreferrer noopener">would only be slight for Tesla</a>&nbsp;but devastating for its competitors. The elimination of EV subsidies would probably help Tesla in the long term, he added.
However, not all are in agreement. Tesla researcher Troy Teslike has previously said that the loss of tax credit will only make Tesla<a href="https://www.benzinga.com/24/12/42641207/researcher-says-cancelation-of-7500-ev-tax-credit-could-impact-teslas-deliveries-despite-ceo-elon-musk-claiming-otherwise" target="_blank" rel="noreferrer noopener">&nbsp;lose its market to gas cars</a>&nbsp;from luxury car brands.
Trump, on Monday also revoked a 2021 executive order signed by former President Joe Biden that sought to ensure that 50% of new vehicles sold in the U.S. by 2030 are electric.
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>
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Photo courtesy: Shutterstock

Here Are The EVs Which Could Lose $7,500 EV Tax Credit Under Trump Administration

The past week has been a rollercoaster ride for the electric vehicle (EV) industry, with&nbsp;Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;at the center of the action. The company saw a surge in Cybertruck sales, but this success came at the expense of its luxury Model S and X sales. Meanwhile, Tesla CEO Elon Musk denied the company&#8217;s involvement in a fire at a power plant, and rival Jeff Bezos expressed confidence in the competitive landscape of the commercial space industry.
Cybertruck Success Overshadows Tesla&#8217;s Luxury Models
Tesla&#8217;s Cybertruck sales in the U.S. last year weighed heavily on the company&#8217;s other luxury offerings, including the Model S sedan and the Model X SUV, according to recent data from automotive research firm Kelley Blue Book. Tesla sold nearly 39,000 Cybertrucks in 2024, but Model S and X sales took a major hit, dropping 31% and 20% respectively.
<a href="https://www.benzinga.com/25/01/42967593/cybertruck-sales-rise-in-2024-weighed-down-on-tesla-model-s-deliveries-in-us-shows-data">Read the full article here.</a>
Musk Denies Tesla&#8217;s Involvement in Power Plant Fire
Tesla Musk denied the company's involvement in a fire that broke out at a 750 MW Moss Landing battery storage facility. Musk stated that the fire had nothing to do with Tesla and that their Megapacks were operating well.
<a href="https://www.benzinga.com/tech/25/01/43050342/elon-musk-denies-teslas-involvement-in-fire-at-moss-landing-power-plant-in-monterey-county">Read the full article here.</a>
Bezos Confident Despite SpaceX&#8217;s Close Ties to Trump
Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Bezos voiced confidence in the competitive landscape of the commercial space industry, despite President-elect Donald Trump‘s close ties with rival Elon Musk‘s SpaceX. Bezos stated that he takes Musk at face value, dismissing concerns about SpaceX undercutting Blue Origin.&nbsp;<a href="https://www.benzinga.com/general/space/25/01/42937555/jeff-bezos-says-he-takes-elon-musk-at-face-value-despite-his-close-ties-to-trump-dismisses-concerns-about-spacex-undercutting-blue-origin">Read the full article here.</a>
Record High U.S. EV Sales in 2024
The U.S. automotive industry saw a record number of electric vehicles sold in 2024, with over 1.3 million units sold, breaking last year&#8217;s record with a 7.3% year-over-year increase. This record was achieved despite some weakness from sector leader Tesla.
<a href="https://www.benzinga.com/trading-ideas/25/01/42978236/us-electric-vehicle-sales-hit-record-1-3-million-units-in-2024-despite-tesla-declines-top-10-bestselling-models-list">Read the full article here.</a>
Rivian Joins Tesla, Ford in Wildfire Relief Efforts
California-based EV startup Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) joined Tesla and Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) in supporting relief activities in the Los Angeles area battling wildfires. Rivian deployed vehicles to transport relief supplies and support emergency response.
<a href="https://www.benzinga.com/tech/25/01/42994308/rivian-joins-ford-tesla-in-supporting-relief-efforts-amid-california-wildfires">Read the full article here.</a>
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Image credit: Dall-E 3
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/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

AMZN

Tesla's Mixed Bag, Musk's Fire Denial, Jeff Bezos' Confidence, And Rivian's Relief Efforts: This Week In Mobility

A benign December inflation report was all it took to ignite another strong rally on Wall Street, with major indices delivering their best weekly performance since the post-election <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43064144/wall-street-roars-ahead-of-trumps-inauguration-intel-rallies-bitcoin-tops-105000-whats-driving-markets-friday">surge in early November.</a>
Heading into the week, markets were gripped by concerns over inflation and interest rates, pricing in just one rate cut by year-end while the 30-year Treasury <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42990155/5-yields-fuel-demand-treasury-etfs-despite-bond-market-pain-relief-rally">yield hovered around 5%.</a>
Fresh data showed inflation rising for the third straight month up to 2.9%, yet right in line with forecasts. A softer core reading — excluding food and energy — gave traders hope that the Fed might cut rates at <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43003047/stocks-rise-on-core-inflation-slowdown-banks-rally-after-strong-q4-earnings-treasury-yields-plummet">least twice this year.</a>
Adding fuel to the bull run, major banks kicked off the fourth-quarter 2024 earnings season with blowout results.
Financial stocks — as tracked by the Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) — jumped 6% for the week, their best <a href="https://www.benzinga.com/news/earnings/25/01/43007354/big-banks-crush-q4-earnings-forecasts-financial-stocks-set-for-biggest-1-day-rally-since-trumps-election">rally since October 2023.</a> Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) led the charge among big players, surging 11% to hit record highs.
In commodities, oil briefly touched $80 per barrel before retreating after the approval of a ceasefire deal in Gaza <a href="https://www.benzinga.com/news/global/25/01/43055426/oil-dips-as-israeli-security-cabinet-approves-gaza-ceasefire-yet-experts-warn-red-sea-risks-persist">between Israel and Hamas.</a>
In cryptocurrency markets, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continues to defy gravity, surpassing $100,000, fueled by optimism over crypto-friendly policies under the incoming Donald Trump administration.
Trump will officially take office as the 47th U.S. president on Monday.
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Scott Bessent, Trump's Treasury secretary nominee, laid out his economic agenda before the Senate, emphasizing tax cuts, deregulation, energy expansion and tougher trade policies — particularly targeting <a href="https://www.benzinga.com/government/regulations/25/01/43041207/5-things-investors-need-to-know-about-scott-bessents-economic-policies-as-he-faces-senate-grilling-for-treasury-job">China, Russia and Iran.</a>
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Reports suggest Trump is open to the idea of a U.S. strategic Bitcoin reserve, a move that could reshape fiscal policy and <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43035888/donald-trump-reportedly-open-to-us-crypto-reserve-as-bitcoin-reserve-chatter-gathers-steam">spark industrywide debate.</a>
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Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) reported a sharp rise in electric vehicle sales, with the Mustang Mach-E and Cadillac Lyriq emerging <a href="https://www.benzinga.com/trading-ideas/25/01/42978236/us-electric-vehicle-sales-hit-record-1-3-million-units-in-2024-despite-tesla-declines-top-10-bestselling-models-list">as top sellers in 2024.</a>
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The U.S. Supreme Court upheld a law forcing ByteDance to sell the TikTok app by Jan. 19 <a href="https://www.benzinga.com/general/social-media/25/01/43060894/supreme-court-upholds-tiktok-ban-ahead-of-trumps-inauguration">over national security concerns.</a> Trump could attempt to roll back the <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">ban after taking office.</a>
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Photo: Shutterstock

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

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$BTC

Wall Street Rallies As Inflation Fears Recede, Banks Smash Earnings, Bitcoin Reclaims $100,000: This Week In The Markets

Macro Economic Events

Global

Michigan Governor Warns Potential Trump Tariffs On Autos, Parts From Canada, Mexico Could Boost China, Harm U.S. Auto Sector

Over 1.3 million electric vehicles were sold in the U.S. in 2024, marking a growth of 7.3% year-on-year, and accounting for 8.1% of total auto sales, according to data from automotive research company Kelley Blue Book. 
What Happened: EV sales in the U.S. benefited from strong incentives from automakers, excellent lease deals, and federal and state incentive programs in 2024, the firm said, while adding that companies like General Motors also added &#8220;excellent&#8221; new products.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) was the most-sold EV brand nameplate, followed by Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>). The best-selling EV models, however, came from across different brand names.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="831" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15012502/0DWlR-top-selling-evs-in-2024-1024x831.png" alt="" class="wp-image-733814" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15012502/0DWlR-top-selling-evs-in-2024-1024x831.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15012502/0DWlR-top-selling-evs-in-2024-300x243.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15012502/0DWlR-top-selling-evs-in-2024-768x623.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15012502/0DWlR-top-selling-evs-in-2024.png 1240w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The top-selling EV model was, unsurprisingly, Tesla&#8217;s Model Y SUV. The company sold 372,613 units of the Model Y in the 12 months, grabbing a remarkable 28.6% market share.
Model Y was seconded by Tesla&#8217;s mass-market sedan &#8211; the Model 3. Tesla launched the <a href="https://www.benzinga.com/news/24/02/36921718/youtuber-marques-brownlee-reviews-refreshed-model-3-calls-it-teslas-most-important-car-i-am-impresse">refreshed Model 3 in the U.S. </a>in Jan. 2024 and 189,903 units of the vehicle were sold, giving it a 14.6% share of the market.
Dearborn-based Ford sold 51,745 units of its Model Y rival Mustang Mach-E and 33,510 units of its Cybertruck rival F-150 Lightning, giving them the 3rd and 6th position in the best-selling EV list, respectively. 
The fourth best-selling EV in the U.S. after the Teslas and the Ford SUV, comes from South Korean automaker Hyundai. Hyundai sold 44,400 units of its Ioniq 5 SUV, placing it below the Mach-E but above Tesla&#8217;s stainless steel truck Cybertruck. Tesla <a href="https://www.benzinga.com/25/01/42967593/cybertruck-sales-rise-in-2024-weighed-down-on-tesla-model-s-deliveries-in-us-shows-data">sold 38,965 units of the</a> Cybertruck last year. 
Japanese automaker Honda also found a place in the best-selling EV list with its Prologue. The company sold 33,017 units of the Prologue, cementing its 7th position on the list. 
General Motors&#8217; Chevrolet Equinox EV and the Cadillac Lyriq also made it onto the list with over 28,000 units sold of each. GM started delivering the Equinox EV only in May. 
California-based Rivian&#8217;s R1S SUV took the tenth spot with nearly 27,000 units sold despite its high price point of about $75,000. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15012218/su3s1-market-share-of-top-selling-evs-in-2024-1024x723.png" alt="" class="wp-image-733812" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15012218/su3s1-market-share-of-top-selling-evs-in-2024-1024x723.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15012218/su3s1-market-share-of-top-selling-evs-in-2024-300x212.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15012218/su3s1-market-share-of-top-selling-evs-in-2024-768x543.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15012218/su3s1-market-share-of-top-selling-evs-in-2024.png 1240w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
What&#8217;s Ahead: Cox Automotive expects EV sales to grow further in 2025 despite uncertainties around policy under the incoming Trump administration. 
Cox noted that over 15 new models are expected to enter the market and coupled with better charging infrastructure and incentives from automakers, EV sales will rise and account for 10% of total vehicle sales in 2025. 
Policy changes under the new administration will likely not be put into effect soon, allowing prospective buyers to make their purchases, it said. 
The research firm is now <a href="https://www.benzinga.com/25/01/42762224/bev-market-share-will-increase-across-us-china-europe-in-2025-says-sp-global-mobility">expecting 2025</a> to be a record year for EV volume. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Photo courtesy: Tesla

Elon Musk's Tesla Leads The Pack In Top-Selling EVs In US In 2024: Ford, GM Follow

California-based EV startup Rivian Automotive said on Tuesday that the company has deployed vehicles to support relief activities in the Los Angeles area <a href="https://www.benzinga.com/news/25/01/42935570/newsom-la-wildfires-could-become-worst-natural-disaster-in-us-history">battling wildfires.</a>
What Happened: Rivian said that it deployed vehicles to support the World Central Kitchen, the Labelle Foundation, OpenClosit, SolarPunks, and more to transport relief supplies and support emergency response.
The company is also engaging with first responders on how it can assist further, the company said. 
To help its EV owners evacuate amid the fires, the company made no-cost DC fast charging available to Rivian vehicles at its own Rivian Adventure Network sites within 150 miles of Los Angeles. 
The company also offered its Rivian South Coast Theater in Laguna Beach as a place to rest or charge devices for people evacuating their homes.
Why It Matters: California has been battling multiple wildfires over the last few days. According to the California Department of Forestry and Fire Protection, the current incidents have burned over 40,000 acres with over 12,300 structures destroyed. About 24 people died in the fires, the department said. 
Other carmakers like Tesla and Ford also contributed to relief efforts. 
Earlier this week, Tesla CEO Elon Musk <a href="https://www.benzinga.com/general/space/25/01/42939786/despite-elon-musks-feud-with-gavin-newsom-tesla-rolls-out-support-for-california-amid-wildfires-with-cybertrucks-starlink-and-megapack-chargers">warned customers</a> awaiting their Cybertruck deliveries in Los Angeles that their orders might be delayed as the company used the trucks to provide power to Starlink internet terminals in areas of LA that lost connectivity. The company also deployed multiple megapack chargers to relieve congestion&nbsp;<a href="https://www.benzinga.com/tech/25/01/42906316/tesla-says-fsd-strikeouts-will-be-forgiven-in-california-to-help-evacuation-efforts-amidst-wildfires" target="_blank" rel="noreferrer noopener">during evacuations</a>, provide power to houses, and aid first responder efforts, it said.
Dearborn-based Ford and its philanthropic arm called Ford Philanthropy, meanwhile, announced two new grants to support the Los Angeles Fire Department Foundation and the California Community Foundation's Wildfire Recovery Fund and cater to urgent relief needs. 
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>
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Photo courtesy: Shutterstock

Rivian Joins Ford, Tesla In Supporting Relief Efforts Amid California Wildfires

South Korea&#8217;s Hyundai Motor Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) and Kia Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KIMTF#OTC">KIMTF</a>) collectively overtook Dearborn-based Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) in EV sales in the U.S. last year, according to recent data from automotive research company Kelley Blue Book.
What Happened: Hyundai sold 61,727 EVs in the U.S. in 2024 while Kia sold 56,099, taking their collective numbers to 117,826 units. 
American brand Ford, in the meantime, sold only 97,865 EVs, including its three EV models Mustang Mach-E, F-150 Lightning, and E-Transit. 
Other Top Sellers: The top-selling EV brand in the U.S. in 2024 was Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) which sold about 634,000 EVs. Ford was the second-best-selling individual brand.
General Motors Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) <a href="https://www.benzinga.com/tech/25/01/42801755/gm-overtakes-ford-ev-sales-in-q4-with-equinox-ev-sells-670-units-of-escalade-iq-priced-at-130000">brands</a> Brightdrop, Cadillac, Chevrolet, and GMC collectively sold only 114,426 EVs, less than Hyundai and Kia together.
Best-selling models: The Ioniq 5 was Hyundai&#8217;s best-selling EV in the year while the EV9 was Kia&#8217;s.
Hyundai sold over 44,000 units of the Ioniq 5 last year, effectively placing it in the fourth position among best-selling EVs after the Tesla Model Y, Model 3, and the Ford Mustang Mach-E. 
Tesla&#8217;s latest addition to its lineup &#8211; <a href="https://www.benzinga.com/25/01/42967593/cybertruck-sales-rise-in-2024-weighed-down-on-tesla-model-s-deliveries-in-us-shows-data">the Cybertruck</a> &#8211; took the place of the fifth best-selling EV in the country, overtaking Ford&#8217;s F-150 Lightning electric pickup.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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</ul>
Photo courtesy: Hyundai

HYMTF

KIMTF

South Korea's Hyundai, Kia Collectively Sold More EVs In US Than Ford In 2024

President-elect Donald Trump has made tariffs one of the most talked about items ahead of his inauguration on Jan. 20. So far, he has not backed down from plans to place or increase tariffs on <a href="https://www.benzinga.com/topic/tariffs">various trade partners</a>, including Canada, Mexico and China.
What Happened: On Tuesday, Trump took things a step further by naming a new agency tasked with overseeing tariffs.
"For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS). Though soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while taxing ourselves," Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/113827650534234057">said </a>in a post on Truth Social. "I am today announcing that I will create the EXTERNAL REVENUE SERVICE to collect our Tariffs, Duties and all Revenue that come from Foreign sources."
Trump intends for Jan. 20 — inauguration day — to be the birthdate for the so-called &#8220;External Revenue Service.&#8221; Normally, a new law would need to be passed first to create a new bureau or statutory body.
"We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share,&#8221; Trump added. 
It&#8217;s worth noting that the U.S. Customs and Border Protection (CBP), under the Department of Homeland Security, already oversees tariffs and revenue from foreign countries. Its key functions include collecting customs duties and tariffs. The CBP also enforces trade laws and ensures revenue accountability as one of the federal government's largest revenue collectors.
Meanwhile, Democratic lawmakers are already scrutinizing Trump&#8217;s External Revenue Service plan. "No amount of silly rebranding will hide the fact that Trump is planning a multi-trillion-dollar tax hike on American families and small businesses to pay for another round of tax handouts to the rich," Oregon Sen. Ron Wyden, the top Democrat on the Senate Finance Committee, <a href="https://www.finance.senate.gov/chairmans-news/wyden-statement-on-trumps-so-called-external-revenue-service">said</a> in a statement.
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Why It's Important: Trump's plans to place tariffs on three of the country's largest trade partners have led to many question marks on how the other countries will respond and if items will get more expensive for American consumers as a trade off.
<a href="https://www.benzinga.com/trading-ideas/24/12/42536470/costco-warns-that-tariffs-raise-prices-trump-team-says-trade-policies-will-make-life-affordable">Retail executives</a> Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) and Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) have already warned about tariffs on earnings calls. Tariffs <a href="https://www.benzinga.com/news/global/24/12/42402629/trump-to-change-dollar-stores-for-good-dollar-tree-exec-says-prepared-to-act">could mean higher prices</a> for consumers, less product assortment or a change to product sizes, they say.
Trump joked that Canada <a href="https://www.benzinga.com/news/global/24/12/42300450/trump-told-trudeau-canada-could-avoid-tariffs-by-becoming-51st-state-a-look-at-sectors-trade-war-could-impact">could become the</a> 51st state of America to avoid tariffs. While the country <a href="https://apnews.com/article/canada-trump-chretien-51st-state-ad9749047d0b627eed56be22f43ea7cd">isn't ready</a> to do that, a new report signals the country could be working on avoiding the tariffs.
Canadian ambassador Kirsten Hillman said Canada is prepared to buy more items from the U.S., as <a href="https://apnews.com/article/canada-ambassador-us-trump-hillman-9ced5ba12cd6526a2bbb4a810fa9af18">reported </a>by the Associated Press. The move would ensure that there is not a deficit for America in its trade with Canada.
Hillman warned that a plan to put tariffs on all Canadian products will lead to prices going up for Americans.
"And at a time when the cost of living is challenging, when food prices are high, it seems like the wrong direction to go in," Hillman said.
Top items exported from Canada to the U.S. include oil, gas and automotive parts. These industries could see higher-priced goods under Trump's tariff plan.
Large Canadian oil companies Suncor Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>), Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>), Canadian Natural Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) and TC Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRP#NYSE">TRP</a>) could face significant impacts from the tariffs and a potential blow to the sector.
Railway company Canadian Pacific Kansas City Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) and trucking companies Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) and Knight-Swift Transportation Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) could also be impacted by the tariffs and the negative impact on trade between the United States and Canada.
Mexican President Claudia Sheinbaum has recently shown a serious focus on migration and security, two of Trump's vocal demands to keep the U.S. from placing tariffs on the country, as reported by Reuters.
Sheinbaum has <a href="https://www.benzinga.com/markets/cannabis/25/01/42895985/trump-and-mexican-president-sheinbaum-spirited-clash-over-territorial-renaming-tariffs-and-cartels">publicly sparred with Trump</a>, but it remains to be seen if she will be able to avoid tariffs for Mexico.
Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Honda Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) are among the automotive companies that <a href="https://www.benzinga.com/government/regulations/24/12/42688941/are-us-vehicles-under-30000-a-thing-of-the-past-trumps-mexico-tariff-plans-could-change-auto-market">have sub-$30,000 vehicles </a>that are partially or fully built in Mexico and Canada.
Higher tariffs on China could rattle the American economy as the country remains a major source of many exported goods. To get ahead of potential tariff increases, China saw its exports up 10.7% in the month of December, NPR <a href="https://www.npr.org/2025/01/13/nx-s1-5258024/china-exports-us-tariffs">reported</a>.
The growth was higher than estimates of 7% and could show that companies and China are taking proactive approaches to get ahead of higher-costing goods.
ETF Price Action: The iShares MSCI Canada ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWC#NYSE">EWC</a>) is up 0.3% to $39.94 on Tuesday. The ETF is up 11% over the last year and down 4.5% over the last month.
The iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) is up 1.5% to $48.15 on Tuesday. The ETF is down 25.3% over the last year and down 6.4% over the last month.
The iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) is up 2.3% to $44.89 on Tuesday. The ETF is up 19.2% over the last year and down 5.5% over the last month.
Read Next: 
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<li><a href="https://www.benzinga.com/news/global/24/11/42220682/trump-tariffs-on-mexico-could-affect-beer-why-your-modelo-corona-could-cost-more-next-year">Trump Tariffs On Mexico Could Affect Beer: Why Your Modelo, Corona Could Cost More Next Year</a></li>
</ul>
Image: Shutterstock

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Trump Wants Trade Partners To 'Start Paying,' Plans External Revenue Service To Oversee Tariffs

The U.S. automotive industry saw a record number<a href="https://www.benzinga.com/electric-vehicles"> of electric vehicles</a> sold in 2024, with 1,301,411 units breaking last year's record with a 7.3% year-over-year increase.
A record fourth quarter saw 365,824 units sold in the U.S., <a href="https://www.benzinga.com/trading-ideas/movers/25/01/42766117/tesla-stock-tumbles-on-q4-deliveries-whats-going-on">despite some weakness</a> from sector leader Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). Fourth-quarter EV sales were up 15.2% year-over-year in the U.S., as <a href="https://www.coxautoinc.com/market-insights/q4-2024-ev-sales/">reported </a>by Cox Automotive's Kelley Blue Book.
Here's a look at the top 10 bestselling EVs in the U.S. for 2024,<a href="https://www.benzinga.com/news/24/01/36615986/top-10-bestselling-electric-vehicles-in-u-s-2023-where-do-tesla-ford-general-motors-rank"> their 2023 ranking</a> and year-over-year change.
<ol>
<li>Tesla Model Y: 372,613 units, -6.6%, last year 1st</li>
<li>Tesla Model 3: 189,903 units, -17.4%, last year 2nd</li>
<li>Ford Mustang Mach-E: 51,745 units, +26.9%, last year 4th</li>
<li>Hyundai Ioniq 5: 44,400, +30.9%, last year 6th</li>
<li>Tesla Cybertruck: 38,965 units, new in year, last year N/A</li>
<li>Ford F-150 Lightning: 33,510 units, +38.7%, last year 8th</li>
<li>Honda Prologue: 33,017 units, new in year, last year N/A</li>
<li>Chevrolet Equinox: 28,874 units, new in year, last year N/A</li>
<li>Cadillac Lyriq: 28,402 units, +210.3%, last year not in top 10</li>
<li>Rivian R1S: 26,934 units, +23.4%, last year 7th</li>
</ol>
The 2024 list included five of last year's top 10 with four new vehicles joining the list and one existing model seeing a large increase to soar into the top 10.
You may not be a billionaire like Elon Musk, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/25/01/42927075/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">check out five stocks flying under the radar that deserve your attention.</a>
Winners and Losers: Tesla continued to lead the way in unit sales with 633,762 units sold for the full year. The bad news is this figure was down 5.6% year-over-year.
Tesla led the way in EV market share hitting 48.7% for the full 2024 year and was at 44.4% in the fourth quarter. In 2023, Tesla's EV market share was 55%, dropping from 65% in 2022.
While Tesla remains the market leader for EVs, its market share continues to decline as other companies join the sector and launch more models.
The Model Y and Model 3 made up 28.6% and 14.6% of U.S. EV sales respectively in 2024. The company once again had three vehicles in the top 10 after last year's 1st, 2nd and 9th place (Model X) rankings. This year, the company ranked 1st, 2nd and saw its new Cybertruck rank 5th in its first full year.
Honda Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) and General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) were listed as the big winners in the report, with a nearly 80,000 increase in EV sales between the two companies.
These were the top gainers by unit sales increases in 2024:
<ul>
<li>Honda: +40,408</li>
<li>General Motors: +38,543</li>
<li>Hyundai: +30,065</li>
<li>Ford: +25,257</li>
</ul>
Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) was also a 2024 winner with two models in the 2024 and the Mach-E and F-150 Lightning both seeing year-over-year increases for the year. The company had the second-highest U.S. EV market share behind Tesla at 7.5% in 2024.
Here were the top EV companies by U.S. market share in 2024:
<ul>
<li>Tesla: 48.7%</li>
<li>Ford: 7.5%</li>
<li>Chevrolet: 5.2%</li>
<li>Hyundai: 4.7%</li>
<li>Rivian: 4.0%</li>
</ul>
Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) saw higher sales of the R1S in 2024, but the vehicle fell from 7th place to 10th place in 2024. The company has more models on the way, which could help boost its future market share in the U.S.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42938610/ford-sold-more-electric-mustangs-than-gas-mustangs-in-2024">Ford Sold More Electric Mustangs Than Gas Mustangs In 2024</a></li>
</ul>
Image: Shutterstock

US Electric Vehicle Sales Hit Record 1.3 Million Units In 2024, Despite Tesla Declines: Top 10 Bestselling Models

California-based EV startup Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) sold more electric vans last year in the U.S. than Dearborn-based legacy automaker Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), according to recent data from automotive research firm Kelley Blue Book.
What Happened: As per the data, Rivian sold 13,560 <a href="https://www.benzinga.com/news/24/10/41266079/amazon-to-deploy-ai-powered-package-identifying-tech-on-1000-rivian-delivery-vans-for-faster-deliver">electric delivery vans</a> in 2024, marking a growth of 68% from the corresponding period of 2023. 
Ford also witnessed a significant jump in its <a href="https://www.benzinga.com/news/24/08/40525705/fords-e-transit-van-could-be-its-golden-goose-until-new-evs-start-rolling-out-in-2026">E-Transit electric van sales</a> in the period but not enough to overtake Rivian. The automaker sold 12,610 units of the E-Transit electric van in 2024, as compared to just 7,672 units in 2023. 
Rivian and Ford have a similar electric vehicle lineup in terms of the vehicle types they offer. They have just three EV offerings each in the U.S.- an SUV, a pickup, and a van. 
Why It Matters: While Rivian&#8217;s current lineup includes the R1S SUV, the R1T truck, and the Rivian delivery vans, Ford offers the Mustang Mach-E SUV, the F-150 Lightning pickup, and the E-Transit van. 
However, when you consider cumulative sales in the U.S., Ford outrun Rivian in 2024 with 97,865 EVs sold as compared to Rivian&#8217;s 51,579 sales. 
This is likely because of the higher price point of Rivian&#8217;s offerings as compared to Ford&#8217;s. While <a href="https://www.benzinga.com/25/01/42801670/mustang-mach-e-spurs-fords-ev-sales-in-q4-after-it-delays-new-vehicle-launch">Ford&#8217;s Mustang Mach-E</a> starts at $39,995 for the base variant, the Rivian R1S SUV starts at $75,900.
Rivian shares are up 2.9% in premarket trading on Tuesday. The stock closed down 2.6% on Monday at $13.49 and is up by 1% year-to-date, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. 
Ford shares, meanwhile, closed up 0.6% at $9.71 on Monday. The stock is down by 2% year-to-date. 
Check out more of Benzinga'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:
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<li><a href="https://www.benzinga.com/25/01/42966137/biden-admin-brushed-off-teslas-100m-big-rig-charging-funding-application-says-report-elon-musk-sighs" target="_blank" rel="noreferrer noopener">Biden Admin Brushes Off Tesla&#8217;s $100M Big-Rig Charging Funding Application, Says Report: Elon Musk Sighs</a></li>
</ul>
Image via Shutterstock

Rivian Outsells Ford In US Electric Van Market: 68% Growth In 2024 Outpaces Legacy Rival

Deep-pocketed investors have adopted a bearish approach towards Ford Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in F usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Ford Motor. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 62% bearish. Among these notable options, 3 are puts, totaling $96,688, and 5 are calls, amounting to $188,027.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $9.0 and $10.5 for Ford Motor, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Ford Motor's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Ford Motor's significant trades, within a strike price range of $9.0 to $10.5, over the past month.
<h3>Ford Motor Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736791219_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>F</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$1.16</td>
<td>$1.11</td>
<td>$1.11</td>
<td>$9.17</td>
<td>$71.0K</td>
<td>20.8K</td>
<td>943</td>
</tr>
<tr>
<td>F</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$1.64</td>
<td>$1.59</td>
<td>$1.6</td>
<td>$10.00</td>
<td>$43.0K</td>
<td>39.7K</td>
<td>688</td>
</tr>
<tr>
<td>F</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$0.89</td>
<td>$0.85</td>
<td>$0.85</td>
<td>$9.00</td>
<td>$32.2K</td>
<td>2.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>F</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$0.87</td>
<td>$0.85</td>
<td>$0.85</td>
<td>$9.00</td>
<td>$31.0K</td>
<td>2.3K</td>
<td>594</td>
</tr>
<tr>
<td>F</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$1.12</td>
<td>$1.11</td>
<td>$1.12</td>
<td>$9.17</td>
<td>$28.6K</td>
<td>20.8K</td>
<td>260</td>
</tr>
</tbody>
</table>

<h3>About Ford Motor</h3>
Ford Motor Co. manufactures automobiles under its Ford and Lincoln brands. In March 2022, the company announced that it will run its combustion engine business, Ford Blue, and its BEV business, Ford Model e, as separate businesses but still all under Ford Motor. The company has nearly 13% market share in the United States, about 11% share in the UK, and under 2% share in China including unconsolidated affiliates. Sales in the US made up about 66% of 2023 total company revenue. Ford has about 177,000 employees, including about 59,000 UAW employees, and is based in Dearborn, Michigan.
After a thorough review of the options trading surrounding Ford Motor, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Ford Motor's Current Market Status</h3>
<ul>
<li>Trading volume stands at 34,163,448, with F's price down by -0.67%, positioned at $9.59.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 23 days.</li>
</ul>
<h3>What The Experts Say On Ford Motor</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $9.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from Jefferies downgraded its rating to Underperform, setting a price target of $9. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Ford Motor options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

This Is What Whales Are Betting On Ford Motor

Dearborn-based Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) sold 51,745 Mustang Mach-E <a href="https://www.benzinga.com/25/01/42801670/mustang-mach-e-spurs-fords-ev-sales-in-q4-after-it-delays-new-vehicle-launch">SUVs in the U.S. </a>last year, trumping the sales numbers of its gas-powered counterpart Mustang for the first time since the EV&#8217;s sales commenced in late 2020.
What Happened: In the last quarter of 2020, Ford sold three units of the electric Mach-E and officially commenced the sales of the EV. In the whole year, the company had sold 61,090 units of the Mustang. 
In every year since Mach-E sales rose while Mustang sales dipped until last year when Mach-E sales trumped the sales of its gas counterpart under the same nameplate. 
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Year</td>
<td>Mustang Mach-E Sales</td>
<td>Mustang Sales</td>
</tr>
<tr>
<td>2020</td>
<td>3</td>
<td>61,090</td>
</tr>
<tr>
<td>2021</td>
<td>27,140</td>
<td>52,414</td>
</tr>
<tr>
<td>2022</td>
<td>39,458</td>
<td>47,566</td>
</tr>
<tr>
<td>2023</td>
<td>40,771</td>
<td>48,605</td>
</tr>
<tr>
<td>2024</td>
<td>51,745</td>
<td>44,003</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Ford</figcaption></figure>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="370" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13032212/hOMJj-ford-mustang-mach-e-sales-since-2020-1024x370.png" alt="" class="wp-image-729887" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13032212/hOMJj-ford-mustang-mach-e-sales-since-2020-1024x370.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13032212/hOMJj-ford-mustang-mach-e-sales-since-2020-300x108.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13032212/hOMJj-ford-mustang-mach-e-sales-since-2020-768x277.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13032212/hOMJj-ford-mustang-mach-e-sales-since-2020.png 1240w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Why It Matters: Ford&#8217;s Mach-E is one of Ford&#8217;s three EVs sold in the U.S. besides the F-150 Lightning pickup truck and the E-transit electric van. 
Last year, Ford sold 97,865 electric vehicles, accounting for merely 4.7% of its overall vehicle sales in the year. 
A majority of Ford&#8217;s sales include combustion engine vehicles and the company has a long <a href="https://www.benzinga.com/news/24/04/38285214/fords-mustang-gallops-into-60th-year-still-a-pony-with-plenty-of-kick">lineup of gas-powered vehicles</a> besides its best-selling F-series truck or its Explorer SUV.
Check out more of Benzinga'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/tech/25/01/42937389/tesla-hikes-model-3-y-prices-in-canada-by-c1000-after-announcing-price-increase-in-china">Tesla Hikes Model 3, Y Prices In Canada By C$1000 After Announcing Price Increase In China</a></li>
</ul>
Photo courtesy: Ford

Ford Sold More Electric Mustangs Than Gas Mustangs In 2024

Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) unveiled two new Mustang variants Thursday in Detroit, showcasing American performance innovation while the automaker&#8217;s stock trades near its 52-week low of $9.49.
What Happened: The Mustang GTD Spirit of America celebrates 60 years of Mustang achievements and becomes the most powerful street-legal Mustang ever, delivering 815 horsepower and 664 pound-feet of torque with a top speed of 202 mph. 
Ford hasn't disclosed prices for specific Mustang GTD editions, but the base model starts at around $325,000.
The special edition features distinctive red and blue racing stripes mimicking Mustang&#8217;s original 1964 Tribar logo, along with exposed carbon fiber aerodynamic elements and Performance White bodywork.
In a separate announcement, Ford partnered with RTR Vehicles to introduce the Mustang RTR, marking only the second time in Mustang history that Ford has co-developed a performance model with an external partner. 
The RTR variant, based on the EcoBoost platform, incorporates Mustang Dark Horse components and technology derived from Formula Drift championships.
&#8220;Mustang GTD is the pinnacle of Mustang performance,&#8221; said Mustang GTD Brand Manager Jim Owens. The model pays tribute to Craig Breedlove, who broke both 500- and 600-mile-per-hour land speed barriers in the 1960s.
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/42890496/cybertruck-was-my-hero-today-says-ross-gerber-after-teslas-truck-allowed-him-to-navigate-california-wildfires-in-safety">&#8216;Cybertruck Was My Hero Today,&#8217; Says Ross Gerber After Tesla&#8217;s Truck Allowed Him To Navigate California Wildfires In Safety</a>
Why It Matters: These performance-focused launches come as Ford faces market challenges, with its stock down 17.74% over the past year. Recent analyst coverage reflects mixed sentiment, with Jefferies setting a $9 <a href="https://www.benzinga.com/quote/F/analyst-ratings">price target</a>, while the consensus among 27 analysts stands at $14.01. 
The company maintains a price-to-earnings ratio of 11.07 and offers a 6.16% dividend yield, with a market capitalization of $38.67 billion.
Jim Baumbick, Ford&#8217;s vice president of Product Development, emphasized the company&#8217;s commitment to performance diversity: &#8220;From Mustang GTD to Mustang Dark Horse to the new Mustang RTR, there&#8217;s a high-performance pony for every Mustang fan and customer.&#8221;
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/25/01/42904377/tesla-bull-gary-black-warns-against-inflated-optimus-robot-assumptions-get-pounded-each-time-i-try-to-right-size-expectations">Tesla Bull Gary Black Warns Against Inflated Optimus Robot Assumptions: Get Pounded Each Time &#8216;I Try To Right-Size Expectations&#8217;</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.

Ford Debuts Limited-Edition Mustang GTD Spirit Of America, New RTR Performance Model Amid Stock Pressure

A &#8220;supermajority&#8221; of workers at BlueOval SK battery plant in Kentucky has filed a petition with the National Labor Relations Board (NLRB) for a vote to form their union with the United Auto Workers (UAW), the union said on Wednesday.
What Happened: The petition was filed on Tuesday, UAW said, without clarifying the percentage of workers who supported it. BlueOval SK is a joint venture of Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and South Korea&#8217;s SK On.
In November, a <a href="https://www.benzinga.com/24/11/42104199/supermajority-of-workers-at-fords-jv-battery-plant-sign-union-authorization-cards-says-uaw">majority of workers at&nbsp;BlueOval SK signed cards</a> showcasing their support for UAW. However, the company hired anti-union consultants in a bid to stop the workers from organizing, UAW said. 
While companies can voluntarily recognize workers once a majority sign cards supporting unionization, in case they don&#8217;t, there is an election overseen by NLRB where workers must vote in the majority to form a union.
Why It Matters:&nbsp;In September, workers at Ultium's battery plant in Spring Hill, Tennessee&nbsp;<a href="https://www.benzinga.com/news/24/09/40724845/gm-lg-ultium-cells-jv-agrees-to-union-recognition-at-tennessee-battery-plant-says-uaw" target="_blank" rel="noreferrer noopener">formed their union</a>. Ultium is a joint venture between General Motors and LG Energy Solution that makes batteries for the former's electric vehicles.
Workers at BlueOval SK held a town hall with UAW members from Ultium Cells in December to discuss the perks of organizing, the UAW said. 
Last year, UAW pledged<a href="https://www.benzinga.com/news/24/02/37255447/can-40m-secure-unionization-from-tesla-to-toyota-uaw-pledges-big-to-help-non-union-auto-workers-orga" target="_blank" rel="noreferrer noopener">&nbsp;$40 million to support the organizing efforts&nbsp;</a>of non-union autoworkers and battery workers in the U.S. under the banner of major manufacturers such as&nbsp;Mercedes-Benz Group,&nbsp;Tesla Inc,&nbsp;and&nbsp;Toyota&nbsp;Motor Corp, among others.
Check out more of Benzinga'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:
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<li><a href="https://www.benzinga.com/25/01/42891397/non-foundation-series-cheaper-cybertrucks-join-tesla-inventory">Tesla&#8217;s Inventory Now Includes Non-Foundation Series Cybertrucks</a></li>
</ul>
Photo courtesy: Shutterstock

Workers At Ford JV In Kentucky Petition NLRB For Vote To Form Union

U.S. stock futures advanced on Monday after ending their <a href="https://www.benzinga.com/government/regulations/25/01/42796485/goodbye-santa-rally-tesla-falters-on-deliveries-investors-flee-bonds-ahead-of-trumps-second-term-this-week-in-the-market">losing </a>streak on Friday. Futures of all four major indices rose in premarket trade.
This is yet another truncated week as the U.S. stock markets will remain closed for former President Jimmy Carter&#8217;s &#8220;National Day of Mourning&#8221; on Thursday, Jan. 9.
The 10-year and two-year Treasury notes yielded 4.61% and 4.27%, respectively. The probability of having no change in the interest rates for the upcoming Jan. 31, 2025 decision was at 90.9%, according <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">to</a> CME Group&#8217;s FedWatch tool.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.70%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.42%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.04%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.10%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.42% to $594.44 and the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.74% to $522.40, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
Following a five-day <a href="https://www.benzinga.com/government/regulations/25/01/42796485/goodbye-santa-rally-tesla-falters-on-deliveries-investors-flee-bonds-ahead-of-trumps-second-term-this-week-in-the-market">decline</a>, the longest such streak since April, Wall Street experienced a strong rebound on Friday. Investor confidence returned, driving a surge in market activity. All major indices saw positive returns, with the Nasdaq 100 leading the gains. This broad-based market strength was evident across all S&amp;P 500 sectors.
Furthermore, the latest ISM Manufacturing PMI data surpassed forecasts, indicating a stronger-than-expected manufacturing sector in December. This marks the second month in a row of manufacturing expansion.
U.S. automakers experienced significant price actions following the release of fourth-quarter delivery numbers. The consumer discretionary sector outperformed the consumer staples. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.77%</td>
<td>19,621.68</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>1.26%</td>
<td>5,942.47</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.80%</td>
<td>42,732.13</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.72%</td>
<td>2,268.47</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
The chief market strategist at Carson Research, Ryan Detrick highlighted in an X post that the average annual returns have been higher 64.7% times in the years that saw the stocks decline on the first or the last day of the year.
<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">S&amp;P 500 down the last trading day of the year and first day of the following year? Happened the past 3 years actually and &#39;23 and &#39;24 both did fine. I wouldn&#39;t ever invest in just this, but interesting given all the talk about recent weakness. <a href="https://t.co/OOnujvo8YR">pic.twitter.com/OOnujvo8YR</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1876045782622896341?ref_src=twsrc%5Etfw">January 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The economic week ahead is chockful of labor market indicators for November and December. Ed Yardeni of Yardeni Research said, &#8220;We&#8217;re expecting them to beat expectations. As long as corporate earnings continue to reach new record highs, companies are likely to hire more workers and increase real wages.&#8221;
&#8220;The Q4-2024 earnings reporting season is about to start, led by the big banks. We expect that during their conference calls, company managements will discuss how AI may be starting to boost their productivity. In effect, they&#8217;ll be trying to convince investors that every company is now a technology company either producing AI hardware and software or using them,&#8221; added Yardeni.
Talking further about earnings, Louis Navellier of Navellier and Associates said, &#8220;Stocks, thankfully, trade on earnings prospects, and those remain solid. The tech giants steering the market generate massive cash flows and are affected little by interest rate levels.&#8221;
&#8220;The AI potential is very real in terms of promising major productivity gains, though that may come from meaningful reductions in employment needed to get the same functions accomplished,&#8221; he added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Several important data points will be released in this truncated week that will help investors determine the future course of action.
<ul>
<li>On Monday, S&amp;P&#8217;s final U.S. services PMI for December will be announced at 9:45 a.m., ET.</li>
<li>November's factory orders data will be released at 10:00 a.m., ET.</li>
<li>On Tuesday, Richmond Fed President Tom Barkin will be speaking at 8:00 a.m., ET.</li>
<li>U.S. trade deficit data for November will be released at 8:30 a.m., ET.</li>
<li>ISM services data for December and job openings data for November will be announced at 10:00 a.m., ET.</li>
<li>On Wednesday, December&#8217;s ADP employment data will be released at 8:15 a.m., ET.</li>
<li>The minutes of the Fed&#8217;s December FOMC meeting will be released at 2:00 p.m., ET.</li>
<li>Consumer credit data for December will be announced at 3:00 p.m., ET.</li>
<li>On Thursday, initial jobless claims till Jan. 4 will be announced at 8:30 a.m., ET.</li>
<li>Wholesale inventories data for November will be released at 10:00 a.m., ET.</li>
<li>On Friday, the U.S. employment report, unemployment rate, and hourly wages data for December along with hourly wages year over year will be released at 8:30 a.m., ET.</li>
<li>The preliminary consumer sentiment data for January will be announced at 10:00 a.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) was 1.87% up in premarket as Wall Street is expecting its CEO Jensen Huang to deliver a keynote address on Monday night at CES 2025. His comments will be important for the semiconductor and AI chip space.</li>
<li>Robotics stocks like Nauticus Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) were up 95.26%, Richtech Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RR#NASDAQ">RR</a>) was up 30.81%, Microbot Medical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBOT#NASDAQ">MBOT</a>) was up 58.81% and Arbe Robotics Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBE#NASDAQ">ARBE</a>) was up 16.73% ahead of CES 2025.</li>
<li>Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) was up 7.98% following the Biden administration&#8217;s announcement of new rules allowing some nuclear power plants to qualify for tax credits when producing clean hydrogen.</li>
<li>General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) was up 1.26% and Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) was up 1.42% after reporting strong 2024 sales. Both carmakers&#8217; sales grew by over 4% for the year, which marked their highest overall sales since 2019.</li>
<li>Cerence Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNC#NASDAQ">CRNC</a>) was up 20.43% after it announced an extension to its partnership with technology giant Nvidia. It is expected to boost their family of CaLLM language models, including their cloud-based automotive language model.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were lower in the early New York session by 0.04% to hover around $73.93 per barrel.
The gold spot index was down by 0.37% to $2,644.81 per ounce. The Dollar Index was down 0.32% to 108.606 level.
Asian markets were mostly lower on Monday as Hong Kong&#8217;s Hang Seng, Japan&#8217;s Nikkei 225, India&#8217;s S&amp;P BSE Sensex and China&#8217;s CSI 300 index declined. Whereas, in Australia&#8217;s ASX 200, South Korea&#8217;s Kospi index ended higher. European markets were mixed.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/01/42808796/foxconn-posts-record-revenue-rides-high-on-ai-server-demand-and-nvidia-partnership">Apple Supplier Foxconn Posts Record Revenue, Rides High On AI Server Demand, And Nvidia Partnership</a></li>
</ul>
Photo courtesy: Wikimedia

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