1. TikTok Ban and Reinstatement Situation

• A U.S. court ruled that TikTok would be banned, setting a deadline for service cessation.
• Following the TikTok ban, some users were still able to access the service, as U.S. President-elect Trump requested a hold on the ban extension and provided assurances.
• TikTok announced it is working to restore and cooperate to avoid affecting its 170 million users and 7 million small businesses in the U.S.
• Trump proposed a joint venture for TikTok with a 50% stake owned by U.S. entities, but TikTok and its parent company, ByteDance, have not yet responded.
• The final decision on this matter is expected to be made within the next 90 days.

2. Tesla Electric Vehicle Market Analysis

• 2024 U.S. Electric Vehicle Sales Ranking:
  • 1st: Tesla (630,000 units sold)
  • 2nd: GM (112,897 units sold)
  • Joint 2nd: Hyundai-Kia (combined sales of 117,826)
• Hyundai/Kia surpassed several major brands to take joint 2nd place, demonstrating the rapid shift from internal combustion engines to electric vehicles.
• Japanese brands Honda and Nissan recorded relatively low EV sales, ranking 7th and 8th respectively.
• Tesla Inventory Discounts:
  • Significant discounts on Model Y are underway, with price reductions up to $4,120 to clear inventory.
  • These discounts are speculated to be in preparation for the release of the new Model Y in the North American market.
  • Similar to the strategy used for the Model 3 Highland released last year, a new model announcement is likely after a few months of discounts. The contract opening is expected in March 2024.

3. Complex Economic Landscape: Trump’s Economic Policies and Stock Market Outlook

• Historically, the stock market has tended to rise during the first three months following a U.S. President’s inauguration.
• Trump’s Policies and Concerns:
  • Mentioned the possibility of imposing a 60% tariff on Chinese products, escalating global trade tensions.
  • Concerns have been raised about the negative impact of high tariffs on the global economy, but they could also be used as leverage in negotiations with China.
• Impact on the Stock Market:

- Wall Street expects the Trump administration's deregulation policies to have a positive impact.
- The Fed's potential interest rate hikes are creating uncertainty in the stock market.
- The S&P 500 index, in particular, has more than 40% weighting in the top 10 stocks, suggesting that there is a possibility of correction in overvalued stocks.

• Outlook:
  • Economists predict that if Trump’s tariff policies are actually implemented in 2026, it could cause serious disruption to the global economy.
  • However, they also consider the possibility that Trump might use these tax policies as a bargaining chip in negotiations.

4. The Fall of Electric Vehicle Company Canoo

• U.S. electric vehicle company Canoo shipped only 22 units last year, facing a severe financial crisis.
• Bankruptcy filing reaffirms that it is difficult for electric vehicle startups to succeed like Tesla.
• Hyundai and Kia also had high domestic investor interest when they were collaborating with Canoo.
• Canoo’s failure is a reminder that strengthening competitiveness in the electric vehicle industry is essential.

< Summary >

• The TikTok ban decision was suspended due to Trump’s cooperation, and a joint venture including 50% U.S. ownership is under discussion.
• Tesla is offering large discounts on inventory vehicles in preparation for the new Model Y. Hyundai-Kia’s EV sales surpassed 2nd place GM.
• While the Trump administration’s economic policies could be positive, they also come with great uncertainty due to tariffs in relations with China and globally.
• Canoo’s bankruptcy shows that EV startups have significant risks as well as opportunities.
• Crafted by Billy Yang
• [Related Articles at Next-Korea.com]

1. [Tesla Model Y North American Launch Preparation](https://Next-Korea.com?s=Tesla)
2. [Trump Tariff Policy and US-China Trade Outlook](https://Next-Korea.com?s=Tariffs)

*YouTube Source: [오늘의 테슬라 뉴스]

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