Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon. Today is Wednesday, January 24 and I'm your host Kim Khan. Our

top story so far. Tesla plans to start production of a new electric vehicle model aimed

at the mass market. That's what sources tell Reuters. The new

EV has the code name Redwood and is expected to be manufactured as early as the

middle part of 2025 based on bids sent to suppliers. The mass market vehicle, described as a compact

crossover, could see weekly production of 10,000 vehicles. Elon Musk teased a

$25,000 mass market model in the past, but there's no indication yet on the pricing for Redwood.

The company reportedly broke down a Honda Civic.

The study had to manufacture cheaper vehicles.

The new architecture used for the Redwood

EV is also expected to be used for future Tesla models. Tesla will report Q4 earnings after the

closing bell Wednesday. Key topics will include the production

guidance for 2024, trajectory of margins and tech updates on AI, self-driving, and robotics.

Wildcats in the mix include potential confirmation of a new model or a gigafactory unveiling.

In today's trading, stocks are sticking to the script of 2024, rallying with growth equities in the lead.

The post-earnings pop in Netflix is driving the NASDAQ up 1% with the S&P and Dow

trailing.

Among the S&P sectors, Communication Services, the home of Netflix, is in the lead, followed by Infotech.

Utilities and real estate are bringing up the rear.

Treasury yields are down but well off earlier lows.

Rates fell after the Wall Street Journal published comments late Tuesday from former

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