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Tesla Cybertruck Explosion 🚨

And, this crypto starts 2025 strong.

January 02, 2025

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Today is Thursday, January 2, 2025.

The Early Bird Index today is 79.55

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Tesla Cybertruck Explosion 🚨

The whole Tesla (Nasdaq: TSLA) senior team is investigating a cybertruck that exploded in front of the Trump Hotel in Las Vegas on Wednesday, according to CEO Elon Musk.

Details: Officials said one person was dead and several others were injured during the explosion.

Zooming Out: On Thursday, Tesla will release updated delivery numbers.

Stock Price: Tesla’s stock surged 62% in 2024.

Early Bird’s Nest Egg Gains: 2025 is shaping up to be a pivotal year for Tesla due to several significant developments and product launches that could redefine its position in the electric vehicle (EV) market.

  • The product launches include the highly anticipated "Model Q," an affordable EV expected to cost under $30,000.

  • Tesla is preparing to launch its autonomous "CyberCab" Robotaxi.

  • While Tesla wants to grow in 2025, it faces uncertainties such as potential changes in federal EV tax credits under the Trump administration and increased competition in the EV market.

Final Thoughts: Tesla will release its full financial earnings results in late January.

AI's NEXT Magnificent Seven

The Original Magnificent Seven Produced 16,894% Average Returns Over 20 Years. $1,000 in each turned into $1.18 million! But the Man Who Called Nvidia at $1.10 Says "AI's Next Magnificent Seven Could Do It Even Faster." He says $1,000 in these seven stocks could turn into $1 million+ in less than six years. The first company on his list just signed a MAJOR deal with Apple, and its tech is going to be included in the iPhone and iMac until 2040! See his breakdown of the seven stocks you should own.

Notables

Notable Earnings Today: Resources Connection (Nasdaq: RGP), Lifecore Biomedical (Nasdaq: LFCR).

Notable IPOs Today: INLIF LIMITED Ordinary Shares (Nasdaq: INLF), Rain Enhancement Technologies Holdco, Inc. Class A Common Stock (Nasdaq: RAIN), Mister Car Wash, Inc. Common Stock (Nasdaq: MCW).

Notable Equity Crowdfunding Campaigns Ending Today: MISE (SMBX), Gravity Power (PicMii), Zee’s Wiener System (Honeycomb).

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), S&P Global US Manufacturing PMI (9:45 a.m. ET), Construction Spending (10:00 a.m. ET), Crude Oil Inventories (11:00 p.m. ET), Fed's Balance Sheet (4:30 p.m. ET).

This Crypto Starts 2025 Strong

The cryptocurrency Stellar Lumens (also known as XLM) started 2025 with a bang as the price surged by 25% (wow!) on Wednesday.

Details: This surge comes days after the Stellar network announced a new virtual debit card partnership with the fintech company Fonbnk.

Also: There’s a so-called “January Effect” with new funds entering the crypto market at the start of the new year.

Final Thoughts: Stellar Lumens is up about 390% since early November.

Alibaba Sells Retailer

On Wednesday, Alibaba Group (NYSE: BABA) sold a majority stake in Sun Art Retail Group to a private equity firm for about $1.6 billion.

Background: The company acquired a majority stake in Sun Art in 2020.

Final Thoughts: Last year, Alibaba’s stock increased by about 13%. However, the stock remained flat in December.

Gaining Traction: Ether ETF net inflows hit $2.6B in December (Cointelegraph)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.