TLDR

MARKET RECAP → The S&P 500 (VOO) fell on Thursday, snapping a three-day winning streak as major tech stocks retreated.

EV, HYBRID SALES REACH RECORD HIGHS→ Sales of EVs and hybrids soared to 20% of new U.S. vehicle sales in 2024, with Tesla maintaining a 49% market share despite increased competition and slower-than-expected growth.🔋

HINDENBURG RESEARCH FOUNDER SHUTS DOWN SHORT-SELLER FIRM → Nate Anderson announced the closure of Hindenburg Research after completing its pipeline of investigations. Known for exposing fraud in companies like Nikola and Adani, the firm leaves behind a legacy of impactful short-selling amid shifting market dynamics and regulatory scrutiny.

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MARKETS

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TODAY’S TOP NEWS

EV, Hybrid Sales Reached a Record 20% of U.S. Vehicle Sales in 2024

🔋 Electrified Vehicles Hit a Milestone: Over 3.2 million EVs and hybrids were sold in 2024, making up 20% of new vehicle sales in the U.S. This included 1.9 million hybrids (including plug-ins) and 1.3 million all-electric models, marking a historic shift but progressing slower than anticipated.

🚗 Tesla Leads but Faces Pressure: Tesla retained its dominance in the EV market with 49% market share, down from 55% in 2023. Hyundai-Kia, GM, Ford, and BMW followed, with Hyundai-Kia holding 9.3%. The Tesla Model Y and Model 3 remained top sellers, but the competitive EV landscape saw mixed results across 68 models.

⚡ Uncertain Policy Outlook: Federal subsidies for EVs, including the $7,500 tax credit, played a critical role but face potential rollback under the incoming Trump administration. Projections for 2025 suggest EVs will grow to 10% of new vehicle sales, with electrified vehicles (including hybrids) hitting 25%.

This pivotal year highlights rising consumer interest in sustainable vehicles despite challenges in policy and competition.

TODAY’S TOP NEWS

Hindenburg Research Founder Shuts Down Short-Seller Firm

🎯 Mission Accomplished: Nate Anderson, founder of Hindenburg Research, announced the firm's closure after completing its final investigations. Known for exposing corporate fraud and scams, Anderson highlighted the firm’s impactful work, including cases referred to regulators.

💣 High-Profile Targets: Hindenburg gained fame for its scathing reports on companies like Nikola, which led to the criminal conviction of its founder, and high-profile figures like Carl Icahn and Gautam Adani. Its last report targeted Carvana, alleging financial misconduct, causing an 11% stock drop before a partial recovery.

📉 Legacy and Impact: The firm combined short-selling with investigative reporting, influencing stock prices and regulatory actions. Its exit coincides with declining interest in short-selling amid scrutiny from regulators and backlash during the 2021 meme-stock frenzy.

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