Trending Tickers: Tesla, Apple, Nippon Steel, Wizz Air Updates
Tesla and Apple stocks face challenges while Wizz Air shows passenger growth despite disruptions
Tesla, Apple, Nippon Steel, Wizz Air, US, Japan, China
New York: Tesla’s stock is trying to bounce back after a rough day. It dropped over 6% recently because EV sales took a hit for the first time in years.
Even with a strong finish in 2024, where they hit record deliveries, the numbers for last year were slightly down. They sold 1.79 million cars, which is a bit less than in 2023.
In the last quarter, Tesla delivered 495,570 cars, but that was below what analysts expected. They needed to sell more to keep the growth going.
When the markets open in the US, it looks like Tesla’s shares might rise about 1.5%.
Meanwhile, Apple’s stock took a 2.6% hit on Thursday. New data shows their sales are struggling in foreign markets.
Shipments of foreign phones, including iPhones, to China dropped by 47.4% in November compared to last year. That’s a big deal!
They shipped only 3 million units, down from 5.8 million. Apple’s facing tough competition from local brands like Huawei, plus the economy isn’t helping.
Futures for Apple suggest a slight decline when the market opens later.
In other news, President Biden is likely to block Nippon Steel’s $14.9 billion deal to buy US Steel. This comes after the US Committee on Foreign Investment couldn’t agree on the deal’s safety.
With the upcoming change in presidency, this issue was hot during the election, especially in Pennsylvania.
Biden’s expected move isn’t surprising; he’s been seen as likely to halt the deal, and Trump has called it a “horrible thing.”
Tokyo markets are closed for the New Year, so we’ll have to wait to see how Nippon Steel reacts, but US Steel shares dropped over 8.8% in premarket trading.
Over in London, Wizz Air’s stock was all over the place on Friday. It was up 0.4% after they reported more passengers in December, despite some disruptions.
During Christmas, they carried 5.1 million passengers, which is a 1.9% increase from last year. Their total for the year hit 62.7 million, up 3.9%.
Even though the stock dipped, it quickly bounced back after the news.
Earlier this week, Wizz Air raised concerns about their plane engines, saying 40 planes might stay grounded until 2026 while they sort it out.
Pratt & Whitney will help investigate the issues. This follows some disruptions back in September when they estimated a 10% capacity cut for the second half of the fiscal year.