Will challenge Trump and Musk's 'gun lying'? California's electric vehicle subsidy program will exclude Tesla.
California plans to provide state subsidies to local electric vehicle buyers if Trump cancels federal government subsidies after taking office next year. However, the subsidies will exclude popular electric vehicle models from Tesla to create market conditions for more auto manufacturers to establish themselves.
U.S. stocks closed higher with all three major indices rising. The Dow, S&P, and Russell 2000 all hit record highs, while nvidia fell more than 4% against the market; bitcoin fell below $93,000, while microstrategy dropped more than 4%.
Funds continue to flow out of the technology sector, rotating into cyclical stocks. The Dow rose more than 400 points, while the Russell small cap stocks rose by 2.5% at one point. The S&P hit a new intraday high before narrowing its gains. Nvidia dropped over 4% to a three-week low, Tesla fell by nearly 4%, Nio dropped by 3.6%, but Alibaba rose by nearly 3%.
The Dow Jones continues to hit new highs, while Tesla has dropped nearly 4%.
November 26th, Gelunhui: U.S. stocks collectively closed higher, with the Dow rising 0.99% to hit another historical high, the Nasdaq rising 0.27%, and the S&P 500 index up 0.30%. Spot gold plunged more than 3% intraday, while golden industrial concepts declined. Coeur Mining, Harmony Gold Mining, and Gold Fields fell by more than 4%, with AngloGold down nearly 3%. Tesla dropped by nearly 4%, as California plans to launch electric car purchase subsidies, excluding Tesla. Bitcoin fell below $95,000, and crypto index stock MicroStrategy fell by over 4%, rumored to have acquired about $5.4 billion last week.
No Rebate for You! California's Newsom Excludes Tesla From ZEV Credit
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Tesla Options Spot-On: On November 25th, 1.95 Million Contracts Were Traded, With 7.96 Million Open Interest
On November 25th ET, $Tesla(TSLA.US)$ had active options trading, with a total trading volume of 1.95 million options for the day, of which put options accounted for 35.31% of the total transactions,