Crypto shares jumped in overnight trading as bitcoin tops $98,000. Canaan rose over 8%; CleanSpark rose 6%; Bit Digital rose nearly 4%; Riot Platforms, SOS Limited, MicroStrategy rose over 3%.
Tesla shares rose over 2% in overnight trading. An update from a Tesla engineer on Saturday should excite investors on Monday.
Ashok Elluswamy, Tesla’s vice president of AI software, tweeted Saturday night that version 13 of Tesla’s highest-level driver assistance software called Full Self-Driving began rolling out to customers.
Most customers who pay $99 a month for FSD software are still on an FSD version beginning with the number 12.
The new version “upgrades every part of the end-to-end driving network,” reads part of the release notes. Elluswamy’s tweet drew an “It’s Alive!” response from Tesla CEO Elon Musk.
XPeng, NIO, and Li Auto shares are in focus after monthly delivery data.
XPeng Rose 4% as the Chinese EV maker delivered 30,895 vehicles in November 2024, up 54% year over year and 29% month over month. XPeng's monthly deliveries exceed 30,000 for the first time, setting a new record for three consecutive months.
NIO Inc. rose over 1% in overnight trading. The Company delivered 20,575 vehicles in November 2024, representing an increase of 28.9% year-over-year.
Li Auto fell 1.8% in overnight trading. Li Auto Inc. delivered 48,740 vehicles in November 2024, up 18.8% year over year.
Stellantis stock fell over 2% in overnight trading. Chrysler-parent Stellantis said Chief Executive Carlos Tavares is stepping down, effective immediately, after the automaker's sales and profit sharply declined this year.
Stellantis said a special board committee has already started the process to find a new CEO, and it expects to name a new leader during the first half of 2025. Until then, the company will establish an interim executive committee, led by Stellantis Chairman John Elkann, to handle Tavares's duties.
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