Equity Monday: Big Tesla numbers juice EV companies

Equity

TechCrunch

News, Business, Entrepreneurship, Business News, Technology

4.2 • 372 Ratings

🗓️ 3 January 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It's the new year! Yes, welcome to 2022 from the Equity team. We hope that our holiday episodes kept you entertained, and warm. But it's now back to work, so let's get into the news: Global stocks are generally higher today, while cryptos are mostly flat. In the last week, major cryptocurrencies have lost value. Twitter banned Rep. Marjorie Taylor-Greene for "repeated violations of [its] COVID-19 misinformation policy." India is investigating Apple's payment system for iOS. Tesla Q4 deliveries came in above expectations, leading to the company's stock surging in pre-market trading. NIO also saw a bump, which means that EV startups are also having a good day. The Sensetime IPO happened while Equity was on break. Despite raising far less than it had once wanted, the company's Hong Kong IPO is now in the books, and doing well as a trading equity. And AIMMO raised $12 million in a Series A. The company provides data labeling tooling for enterprise customers building AI models. Whoo! The year is underway! The great gears of work have once again begun to spin. Let's get it! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello and welcome back to Equity, the Tech Ranch Podcast where we unpack the numbers and the new ones behind the headlines.
0:15.6	My name is Alex Wilhelm and it is 2022.
0:18.6	Yes, my dear friends, we made it.
0:20.6	From my desk this morning, big hugs to you and everyone else along for the
0:23.7	ride you may not be over 2021 you may still not be over 2020 but we are gonna
0:29.4	forge ahead because the news just does not stop.
0:33.0	Don't worry though, I'm here with you.
0:35.0	We're going to get through this together.
0:36.0	So I start off this morning with a look at the markets.
0:39.0	Asian stocks are mixed today with Evergrand making even more headlines. I swear to you I've been
0:44.4	watching the Chinese real estate saga for like 10 years now and it never ever
0:48.7	bores me. Turning our lens to Europe stocks were largely higher to the year, so a good first note if you will.
0:54.9	And here in the United States stocks are set to rip higher when the markets do open, but we
0:59.7	record this hours before that happens, so we'll have to kind of wait and see. Still no
1:04.0	major tone shift to start 2022 from where we left off last year I would say it
1:08.6	still feels like a risk on moment in the equities markets which is bullish
1:12.4	overall if you own equities.
1:14.3	I'm curious though what happens to SAS stocks this year.
1:17.0	Don't forget that they closed out 2021 actually down a fraction and that kind of cut some of the
1:22.2	steam behind what felt like an endless rally in the value of software companies.
1:26.0	And speaking of endless rallies, major cryptos are largely flat this morning, but if we zoom out to a seven day view we can see that in the last week
1:34.0	Bitcoin is off about 7% eith ethereal whatever you want to call it off about 6%
	...

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