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Top stories today:
- Tesla's revenue +3% to $25.2B in Q4, operating margin at 8%
- GDP expected to +2.0% in Q4, from 4.9% in Q3
- Altman discusses raising $B's for chip fabs with Congressmen
- Microsoft briefly joins Apple in $3T market cap club
- iPhone shipments -2% in China in Q4, still #1 in market share
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. Tesla's revenue +3% to $25.2B in Q4, as operating margin lingers at 8%
Operating margin -49% YoY (from 16.0% to 8.2%), as Tesla cut prices aiming to increase demand, which appears to have peaked.
Chinese automakers will "demolish" global rivals without trade barriers, said Elon.
Tesla stock -7% in the pre-market.
2. GDP expected to +2.0% in Q4, from 4.9% in Q3 ā out at 8:30 AM ET
GDP: exp. at 2.0% in Q4, from 4.9% in Q3.
GDP Price Index: exp. at 2.3%, from 3.3%.
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4. Altman discusses raising $B's or even $T's for chip fabs with Congressmen
