Making Sense of Friday’s Action and What’s Next for Tesla 1/2/26

CNBC's "Fast Money"

CNBC

Business, News, Investing

4.3 • 1.2K Ratings

🗓️ 2 January 2026

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Major markets kicked off the year well off their session highs, but what stage does the action set for the rest of the new year? We’ll debate. Plus Tesla deliveries drop and it’s lost its spot at the top of the EV race. But will robotaxis and robots help it regain its footing? Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASDAQ market site right here in the heart of New York City's Times Square,
0:06.8	this is fast money. The 2026 kickoff, a mixed bag, the Dow and SAB closing higher,
0:12.9	NASDAQ down a touch, but the upside markets all lower much of the day until some buyers rolled in.
0:19.2	So does today give you any clues as to the rest of the year?
0:23.4	Tesla taking a hit, deliveries drop, but with all the talk of robotaxies and even robots,
0:29.5	do investors even care?
0:31.6	Take a closer look.
0:32.6	Plus, a big bounce for Baidu, one new analyst downgrading Apple, and Trump giving some furniture stocks,
0:40.9	a nice pop.
0:42.7	You're in the market for a new sofa.
0:44.6	It's good news.
0:45.4	We'll explain it.
0:46.3	Happy New Year.
0:47.1	Happy Friday, everybody.
0:48.5	I am Brian Sullivan.
0:49.5	Coming to you live from Studio B at the NASDAQ on your desk tonight.
0:53.4	Karen Feinerman, Bono and Eisen, Mike Coe,
0:57.1	and Stu Kaiser. He is the head of equity trading strategy at City. Stu, welcome. All right,
1:03.0	we begin with what else the markets and your money, because while big tech did not perform,
1:08.4	small caps did, maybe on some economic optimism heading in to this new year.
1:13.9	The small cap stocks popping more than 1% the NASDAQ basically flat, but even as some mega-cap
1:20.8	tech stocks have wobbled a bit the last few sessions, there were some positive signs.
	...

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