EV Boom’s Road Gets Bumpy, and So Goes Apple, So Goes The Market? 1/5/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 5 January 2024
⏱️ 45 minutes
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| 0:00.0 | Live from the Nasak Market site in the heart of New York City's Times Square, this is fast money. |
| 0:06.0 | Here's what's on tap tonight. So goes Apple, so goes the market. The tech giant having an awful start to the year. |
| 0:11.0 | The major average is also struggling out of the |
| 0:13.4 | gate in 24, so if Apple falters, will it drag the rest of the market down with it? |
| 0:17.8 | We'll debate that. Plus, stalling out. One year ago the EV boom was all the |
| 0:22.2 | rage, but today there are new challenges that could be holding back sales growth and the stocks a deep dive under the hood coming up and later as caribrax and work would say a bearish to bullish reversal by one of our |
| 0:34.1 | traders on invidia. The airlines flying high despite a jump in oil prices and |
| 0:38.4 | maple bear blues, a new low for the Instac parent company. I'm Melissa Lee coming to you live from Studio B at |
| 0:44.1 | the Nasak on the desk tonight. Tim Seymour, Sue Grasso, Dan Nathan, and Julie Beal. |
| 0:48.1 | We'll get to the markets and the major averages closing lower for the week the first time |
| 0:51.7 | that's happened in almost 2.5 |
| 0:53.6 | months Apple a big drag falling over 6% since Monday much more on that coming up |
| 0:58.5 | but we begin with a losing week for Tesla and most of the major automakers while year on year |
| 1:03.4 | E.V sales continue to climb the pace of electric adoption is beginning to show |
| 1:07.7 | signs of fatigue. Our own Phil Abo is here to take us inside the numbers. Hey Phil |
| 1:11.9 | Hey Melissa a lot of people have been here to take us inside the numbers. Hey Phil. |
| 1:13.0 | Hey Melissa, a lot of people have been asking me what's wrong with the EV market? |
| 1:17.5 | Why isn't it going as fast as it was a year ago? Oh, it's growing. It's just that perhaps |
| 1:22.3 | expectations were getting a little too frothy in terms of how quickly it would be growing. |
| 1:27.5 | A little bit of reality check in terms of the numbers and EV sales. |
| 1:31.1 | EVs in the U.S. in 2023. Now this is according to Motor Intelligence, made up 7.6% |
| 1:37.1 | of the market. Look at the growth compared to 22 and 21. It's been very steady. And again 7.6% of the market might get close to 9% 9% 9% 10% next year. |
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