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- 🗞️ Tesla Surges 3.5%
🗞️ Tesla Surges 3.5%
Big Moves Decoded: NOW, IRBT, and Uber
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Market Performance
S&P 500: 6,816.51 ⬇️ 0.16%
Nasdaq: 23,057.41 ⬇️ 0.59%
Dow Jones: 48,416.56 ⬇️ 0.09%
Tesla’s Driverless Ambitions Take a Leap
Tesla (TSLA) is now testing fully driverless vehicles in Austin with no human safety supervisors on board.
After launching its limited Robotaxi service in June with drivers behind the wheel, CEO Elon Musk confirmed over the weekend that the company has begun testing vehicles without any occupants.
This is significant, given that Musk has been promising self-driving capabilities for over a decade.
Yet, the EV maker lags behind Alphabet's Waymo and Baidu's Apollo Go in the autonomous vehicle race.
Tesla's Austin fleet currently comprises just 30 vehicles, with plans to double that by year-end.
But here's the catch: Tesla reported seven collisions by mid-October—even with safety supervisors present.
Autonomous systems expert Philip Koopman suggests this accident rate is concerning for such a small fleet.
Plus, Texas regulatory requirements will tighten in 2026, requiring DMV authorization for commercial autonomous operations.
Tesla stock has a Ziggma score of 98 and ranks above most peers in terms of profitability and financial health.
The chip giant has returned close to 3,100% in the past decade and trades at a steep valuation in December 2025.
Our Takeaway
While Tesla's driverless testing marks progress, the company faces significant hurdles—regulatory scrutiny, safety concerns, and fierce competition from established robotaxi operators.
The path to widespread commercial deployment remains long and uncertain.
The Year-End Moves No One’s Watching
Markets don’t wait — and year-end waits even less.
In the final stretch, money rotates, funds window-dress, tax-loss selling meets bottom-fishing, and “Santa Rally” chatter turns into real tape. Most people notice after the move.
Elite Trade Club is your morning shortcut: a curated selection of the setups that still matter this year — the headlines that move stocks, catalysts on deck, and where smart money is positioning before New Year’s. One read. Five minutes. Actionable clarity.
If you want to start 2026 from a stronger spot, finish 2025 prepared. Join 200K+ traders who open our premarket briefing, place their plan, and let the open come to them.
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Market Overview 📈
The S&P 500 ended Monday slightly lower as artificial intelligence stocks came under renewed pressure.
Key AI players Broadcom and Oracle declined more than 5% and 2% respectively, continuing last week's rotation away from the concentrated tech trade.
Microsoft also suffered losses as investors shifted toward economically sensitive sectors like consumer discretionary, industrials, and healthcare.
BTIG's Jonathan Krinsky warned the AI trade is looking "toppy," noting lower lows and lower highs over recent months—typically a precursor to a broader topping process.
However, Aptus Capital's David Wagner pushed back, arguing that the market's concentration in Magnificent Seven names will continue due to strong operating leverage and margin expansion.
This week brings critical economic data that could set market direction.
Tuesday's delayed November nonfarm payrolls report (expected to show just 50,000 jobs added, down sharply from September's 119,000) and October retail sales figures will provide insight into economic momentum.
Thursday's November CPI report will offer crucial inflation readings as the Fed navigates its rate policy amid Trump tariff uncertainties.
Stock Moves Deciphered 📈
🤝 ServiceNow (NOW)
The enterprise software giant plunged 11.5% after Bloomberg reported advanced acquisition talks with cybersecurity startup Armis, valued at approximately $7 billion. If completed, this would be ServiceNow's largest-ever acquisition.
The market reaction suggests investor concern about integration risks and capital allocation.
Additionally, a Keybanc analyst downgrade, citing long-term risks from generative AI disruption, added pressure.
🏠 Zillow Group (Z)
Shares tumbled 8.5% on fears that Google is encroaching on Zillow's turf. Over the weekend, real estate tech strategist Mike DelPrete published screenshots showing Google testing real estate listings directly in search results, powered by HouseCanary data.
The listings enable users to view property details, request tours, and contact agents—essentially replicating Zillow's core marketplace functions.
Currently limited to select markets and mobile devices, Google's testing signals a potential existential threat to Zillow's business model, which relies on being the primary destination for home searches.
🚗 Ford Motor Company (F)
Ford announced a strategic pivot away from pure electric vehicles toward hybrid models.
The company raised its 2025 profit forecast, signaling improved profitability despite taking $19.5 billion in related charges.
This strategic shift reflects Ford's recognition that consumer demand for hybrids remains stronger than for fully electric vehicles in the current market environment.
Headlines You Can't Miss 👀
📊 Fed Governor Stephen Miran pushed back against Chair Powell, arguing that tariffs aren't the primary driver of inflation—portfolio management fees are distorting the view and contributing 0.25% over the past year.
🏛️ Kevin Hassett's candidacy for Fed Chair faces pushback from high-level Trump advisors who are concerned he's too close to the president, potentially explaining the cancellation of candidate interviews in December.
🍫 Morgan Stanley upgraded Hershey to overweight with a $211 price target, citing easing cost pressures and improving momentum after significant negative revisions following double-digit price increases.
🏨 Las Vegas Sands and Marriott International received Goldman Sachs upgrades to buy, citing strength in high-end consumer spending and sustained momentum in Macao, respectively.
💊 Bristol Myers Squibb climbed 2.5% after Bank of America upgraded the stock to buy with a $61 target, supported by strong Q3 earnings that surpassed expectations.
🏥 Immunome surged 20% after releasing positive Phase 3 trial results for varegacestat, a once-daily oral treatment for desmoid tumors showing best-in-class potential.
🚗 General Motors, Ralph Lauren, and Tapestry were among 12 S&P 500 stocks hitting all-time highs Monday, while only six stocks touched 52-week lows.
📈 Dollar General jumped 3% in premarket trading after JPMorgan upgraded the discount retailer to overweight, raising its price target from $128 to $166 per share.
Trending Stocks 📊
🤖 Applied Digital (APLD)
The AI infrastructure company dropped 17.5% as part of a broader correction in high-growth AI stocks.
After a substantial run-up in valuation, investors began taking profits and reassessing stretched multiples across the AI infrastructure sector, leading to sharp pullbacks in names like APLD that had experienced outsized gains.
🚕 Uber Technologies (UBER)
Uber shares fell approximately 4% due to a combination of regulatory headwinds in Europe, concerns about a potential economic slowdown, and a broader market sell-off in the tech sector.
Despite strong quarterly earnings, investors shifted their focus to future growth challenges, leading to a decline in the stock price.
⬇️ iRobot (IRBT)
The Roomba maker's stock collapsed by over 70% after filing for Chapter 11 bankruptcy protection.
Following Amazon's failed acquisition attempt and mounting financial pressure from tariffs and competition, iRobot will be acquired by its primary lender, Picea, and continue as a private entity.
The dramatic decline reflects the complete loss of equity value for existing shareholders.
What’s Next?
Key market and macro news 👇
📊 The release of the November Nonfarm Payrolls report and the unemployment rate will provide a critical look at the health of the U.S. labor market and influence the Federal Reserve's interest rate decisions.
💸 The retail sales data for November will offer insights into consumer spending, a key driver of the U.S. economy. A strong report could signal economic strength, while a weak report may raise concerns about a slowdown.
🧑🏭 The release of the S&P Global Flash US Manufacturing and Services PMI figures will indicate the health of these crucial sectors. Readings above 50 suggest expansion, while readings below 50 indicate contraction.
🏠 The building permits data provides a forward-looking view of the housing market. An increase in building permits can signal confidence in the economy, while a decrease may suggest a cooling housing sector.
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