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Teslas Trading Volume Soars Amidst Major Market Movements and Controversies

Market BriefFriday, Dec 6, 2024 5:31 pm ET
2min read
1. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 5.34%, with the trading volume of 30.25B. Elon Musk donated $259 million, becoming one of the largest sponsors in U.S. presidential campaign history. Tesla's in-car wireless charger WC1 report released.

2. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.81%, with the trading volume of 26.39B. NVIDIA CEO Jensen Huang allegedly used tax loopholes to avoid taxes amounting to nearly $80 billion, as reported by American media. Neither Huang nor NVIDIA have commented on these allegations. Additionally, NVIDIA plans to acquire VinBrain, an AI medical company under Vietnam's Vingroup.

3. Meta Platforms (Nasdaq: META)
Meta Platforms gained mildly by 2.44%, with the trading volume of 10.52B. Meta Platforms announced a partnership with James Cameron's Lightstorm Vision to advance 3D entertainment. It outsourced MR headset design to Goertek and relocated half of Quest production to Vietnam. Meta also agreed with Invenergy to purchase green credits from four solar projects.

4. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained mildly by 2.23%, with the trading volume of 10.27B. Microstrategy had a trading volume of $10.82 billion on December 6, 2024, ranking fourth in the US stock market that day.

5. Amazon (Nasdaq: AMZN)
Amazon.Com gained mildly by 2.94%, with the trading volume of 9.91B. Amazon successfully completed initial drone delivery tests in Italy, planning to introduce the service in its first European country. The company is collaborating with Italian authorities to meet all requirements for the service's launch next year.

6. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.08%, with the trading volume of 8.71B. Apple's first in-house modem will debut on the 2025 iPhone SE. TSMC's 2nm chip yield reaches 60%, with iPhone 18 Pro likely to feature it. Apple's proprietary SSD in Mac Studio was reverse-engineered, allowing cheaper upgrades. Apple urges Samsung to enhance LPDDR packaging for better iPhone AI performance.

7. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.21%, with the trading volume of 8.33B. Microsoft has discontinued the Surface Studio 2+ with no plans for new releases, confirmed by a spokesperson. They launched Magentic-One, a universal multi-agent system, and released the Windows 11 2022 update, enhancing system performance and compatibility.

8. Unitedhealth Group Incorporated (NYSE: UNH)
Unitedhealth Group Incorporated dropped solidly by -5.09%, with the trading volume of 7.12B. UnitedHealth Group's CEO of UnitedHealthcare, Brian Thompson, was shot dead in New York. Oppenheimer maintains UnitedHealth's "outperform" rating with a $640 target. Stephens & Co. gives an "overweight" rating with a target of $675. UnitedHealth's Q3 revenue was $299.47 billion, up 8.04%.

9. Palantir Technologies (NYSE: PLTR)
Palantir Technologies surged by 6.22%, with the trading volume of 6.95B. Palantir Technologies and Shield AI have signed a strategic partnership to develop AI-driven autonomous aircraft systems, sharing key proprietary software components.

10. Coinbase Global (Nasdaq: COIN)
Coinbase Global surged by 7.19%, with the trading volume of 5.56B. Coinbase Global disclosed five insider transactions on December 6, 2024, including Frederick Ehrsam III selling 3,807 shares on December 5. Additional disclosures include ten insider transactions on December 4, with executive Paul Grewal selling 1,640 shares on December 2.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.