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• TSLA

Stock Market Today: Nasdaq clinches record close as tech reigns supreme

The Nasdaq reached a record high, driven by strong tech stocks, while the Fed prepares for a rate cut and addresses future monetary policy amid economic resilience.

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• GM

Ford down after Jefferies downgrade stock to ‘underperform’

Jefferies downgraded Ford Motor Company shares, citing inventory concerns and warranty cash gaps, and reduced its price target, while maintaining a hold rating for GM.

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• GM
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US finalizes $9.63 billion loan for Ford, SK On joint battery venture

The U.S. Energy Department has finalized a $9.63 billion loan to Ford and SK On for battery plants in Tennessee and Kentucky, marking a major push for EV production.

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• HMC
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China's CATL offers suppliers financial support to drive battery innovation

CATL is offering financial support to suppliers for technology innovation in light of an ongoing EV price war, aiming to enhance the supply chain resilience and maintain profitability.

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• HMC

Global EV sales hit third consecutive record high

Global EV sales surged 32% in November, driven predominantly by China, amid challenges in Europe due to production costs and regulatory pressures.

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• GM
• HMC
• STLA
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BYD on track to top 2024 sales goal and outsell Ford, Honda

BYD is expected to surpass global competitors Ford and Honda in EV sales, with strong growth and market share gains in China amid a tough automotive landscape.

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• OSK

Oshkosh stock dips on potential USPS contract cancellation

Oshkosh Corp shares dropped 5% amid rumors that Trump's administration may cancel USPS electric truck contracts, challenging Biden's climate policies and aiming to revoke existing agreements.

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• SIEGn

Exclusive-Trump may cancel US Postal Service electric mail truck contract, sources say

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Ford down after Wolfe downgrades stock, identifies ~$4bln of cyclical headwinds

Ford Motor Company is downgraded by Wolfe, facing about $4 billion headwinds in 2025 due to price deflation, inventory issues, and competitive pressures.

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• GM
• STLA

BofA flags 'two key tailwinds' for beaten-down Stellantis