legacy global car makers like gm, volkswagen and hyundai are also vying for market share. responded to slowing demand for evs by cutting vehicle prices in china and the us. elon musk has also pivoted the company to focus on robotics and artificial intelligence, but that is still a ways off. for now, tesla remains dependent on car sales to make money. shares in tesla fell 6% on the news, but it is worth noting that the stock ended 2024 up more than 60%, with most of those gains coming after the us election. investors are betting that elon musk�*s closeness to donald trump will help his businesses. earlier i spoke to dan ives, global head of technology research at wedbush securities. he's long been bullish on tesla's prospects. i asked him whether musk�*s increasingly controversial politics might be an issue for the company. definitely a risk in terms of alienating some customers, especially ones that are super negative on trump but if you look, the benefits far outweigh any of the noise because for musk, he was really iced out of the biden administration. fortrump, i mean,

legacy global carmakers like gm volkswagen and hyundai are also vying for market share.nded to slowing demand for evs by cutting vehicle prices in china and the united states. elon musk has also pivoted the country to focus on robotics and artificial intelligence. that is still a way off and for now tesla remains dependent on car sales to make money. shares in tesla fell 6% on the news but it is worth noting that the stock ended 2024 up more than 60% with most of those gains coming after the us election. investors are betting that elon musk�*s closeness to donald trump will help his businesses. sir nick clegg, the uk former deputy prime minister, is stepping down from his job as president of global affairs at facebook owner meta. he said in a post he will be leaving the tech giant after seven years, replaced byjoe kaplan, who served as the deputy chief of staff in the white house during the george w bush administration. joe kaplan is known for handling the relations with republicans. it comes ahead of donald trump's inauguration on 20 january. the duchess of sussex has a

legacy global carmakers like gm volkswagen and hyundai are also vying for market share. responded to slowing demand for evs by cutting vehicle prices in china and the united states. elon musk has also pivoted the country to focus on robotics and artificial intelligence. that is still a way off and for now tesla remains dependent on car sales to make money. shares in tesla fell 6% on the news but it is worth noting that the stock ended 2024 up more than 60% with most of those gains coming after the us election. investors are betting that elon musk�*s closeness to donald trump will help his businesses. back to our top story of south korea and the political fallout happening with the ongoing arrest warrant served by police at the presidential residence for president yoon. despite the tensions, the benchmark cost indexis tensions, the benchmark cost index is trading at around 2% higher. tim waterer from kcm trade told us why investors are optimistic. it has taken the events in its stride, posting gains, there are a few reasons behind it, some we can put down to some of the f

gm and profitability, it trades almost sub five times earnings. i think you stay long in the stock. to rivian, their partners and volkswagenheir, you know investment to 5.8 billion in november and said they would cover the cost of the technology platform. the guide today is part of this is a company that stops burning gas. i like rivian. i don't like the valuation and the cash burn in the rearview mirror. i love the partners and the space they are in and i think it's probably going high early. to me gm is the story. gm is the story that still is not trading at a multiple that's anything close to what the company is doing and i think you stay there. >> all right. tim, thank you very much. a lot more "fast money" to come. here's what's coming up next. >> announcer: a big red x for u.s. steel. president biden officially nixing nippon steel's steel takeover of the industrial stalwart. what's next in the saga a as the hot roll drama gets hotter. and a trade war tit-for-tat. china hitting u.s. defense names with fresh sanctions as the u.s. fires back with hacking accusations. how rising tensions could impact the market in 2025.

gm made a quick pivot away from evs earlier than other automakers around the world and around the world is very important when it comes to the context here. a lot of european automakers are struggling, volkswagenar, stellantis as well, done very poorly, have a lot on their plate in terms of rates to go ahead and deal with because people can't purchase cars as easily if rates are higher but in addition they've got emission issues, labor issues abroad, a lot of shakeup going on in the automotive industry and gm is the prettiest pig in the batch right now. i expect them to continue to do well. boeing, the stock is up premarket. i think a lot of this was priced in. i believe it's too big to fail. i've been a holder of boeing for a while now. i'm a distressed guy, earlier in my career, and so therefore i think this is a great tuned story. strond story. there's no competition when it comes to boeing. the rest of tech, earnings should be good. tesla will be the most interesting in terms of commentary. maria: that's really interesting what you said. you're ready to call boeing a turnaround story. that's important. we'll see. because every time you feel like it's about to turn around, something else ha

legacy global carmakers like gm volkswagen and hyundai are also vying for market share.esla has responded to slowing demand for evs by cutting vehicle prices in china and the united states. elon musk has also pivoted the country to focus on robotics and artificial intelligence. that is still a way off and for now tesla remains dependent on car sales to make money. shares in tesla fell 6% on the news but it is worth noting that the stock ended 2024 up more than 60% with most of those gains coming after the us election. investors are betting that elon musk�*s closeness to donald trump will help his businesses. joining me now is dan ives — global head of technology research at wedbush securities. investors not liking what they're hearing about tesla's deliveries. elon musk is a newjob in the trump administration as well as space expert how much is this headache a downturn in sales for him? it headache a downturn in sales for him? . , ., , headache a downturn in sales for him? ., ., , ., for him? it was ultimately a aood for him? it was ultimately a good quarter— for him? it