Fidelity says X is now worth 71.5% less than it was when Elon Musk acquired the company. Musk bought X for $44 billion in October 2022.
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Updates
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China’s BYD reported it delivered 526,409 pure EVs globally in Q4, topping Tesla for the first time. While Tesla delivered more EVs in 2023, its only a matter of time before BYD takes the title, as it grows its deliveries both in mainland China, as well as new territories like Europe. https://yhoo.it/3H1UyaQ
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Tuesday was the first day of trading in 2024. How'd the market do? Stocks retreated, setting Wall Street up for a downbeat start to 2024 after a winning year that left the S&P 500 just short of a new record high. https://yhoo.it/48B0vHw
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Apple stock took a hit on Tuesday after Barclays downgraded the iPhone maker and lowered its price target on shares on fears of slowing iPhone 15 sales in China. Apple shares were off some 3% on the report. https://yhoo.it/3vnxu3S
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Bitcoin is ringing in 2024 with a run. Prices surpassed $45,000 in the early morning hours of Tuesday. This marks the first time the cryptocurrency has stood above this benchmark since April 2022. https://yhoo.it/4aIbe4U
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Tesla set a new delivery record for the fourth quarter and met its 2023 delivery target, shaking off a third quarter miss and assuaging investors concerned with any hiccups, as competition ramps up across the globe. https://yhoo.it/3tC6BZs
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Xiaomi may have tech gadget roots, but the company, and its billionaire founder, are dead serious about taking aim at Tesla and other luxury automakers. https://yhoo.it/48iw7Sm
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Wall Street banks have seen better years. Dealmaking slowed. Jobs were cut. Bonuses were slashed. By one measure, it was the worst in a decade. Through mid-December revenue from investment banking was on pace to be the lowest of any year since 2013. https://yhoo.it/3GWYDgD
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Here are 7 of the well-known companies that went bankrupt in 2023: https://yhoo.it/47fmZfW ✍️: CNN Business
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New York Times sues OpenAI, Microsoft for infringing copyrighted works https://yhoo.it/3GV7y22
New York Times sues OpenAI, Microsoft for infringing copyrighted works
