Amazon Bids for TikTok; Tesla Sales Plunge Amid Musk Backlash

Stock Market News

325 words · 2 mins read

Key Takeaways

Amazon bids for TikTok as deadline approaches, per Reuters report.
Tesla's quarterly sales plunge amid backlash against Elon Musk.
US tariffs hit Europe and China harder, increasing recession risks.
Alignment Healthcare’s CLO sells $461,632 in company stock.
Truth Social allows Trump trust to sell stock.
Eni in talks for €13B Plenitude renewables valuation.

Market Snapshot

Amazon bids for TikTok as deadline approaches.

According to a Reuters report published on April 2, 2025, Amazon is among the bidders for TikTok as a deadline approaches.

Company Spotlight

Tesla's quarterly sales plunge amid Musk backlash.

On April 2, 2025, reports indicated that Tesla's quarterly sales have plunged, potentially due to a backlash against Elon Musk.

Alignment Healthcare's CLO sells $461,632 in stock.

On April 2, 2025, it was reported that Alignment Healthcare’s chief legal officer sold $461,632 in company stock.

Truth Social allows Trump trust to sell stock.

Truth Social-parent company re-registers shares that would allow Trump's trust to sell stock.

Eni in talks for €13B Plenitude renewables valuation.

On April 2, 2025, it was reported that Eni is in talks for a €13 billion valuation of its Plenitude renewables arm.

DOLLARAMA reports Q4 and fiscal year 2025 results.

Policy Updates

Trump's tariffs: Europe, China hit hard, recession risk rises.

On April 3, 2025, Barclays reported that US tariffs have hit Europe and China harder than expected, leading to increased recession risks. ABB expects to pass on cost increases from new tariffs, while UBS reports that emerging market equities appear vulnerable to tariffs shock. Trump's tariffs are also setting the stage for a wave of profit warnings.

Analyst Insights

Jefferies upgrades Alphawave to 'buy,' target 160p.

Wedbush: Musk leaving DOGE 'very bullish' for Tesla.

Crypto Watch

Ex-Kalshi lawyer represents DOGE at SEC.

Sources indicate that a former Kalshi lawyer is representing DOGE at the SEC.

Clear Street initiates 'buy' on leveraged Bitcoin.

On April 2, 2025, Clear Street initiated a "buy" strategy on leveraged Bitcoin, suggesting a positive outlook on Bitcoin's price increase.

Global View

Fitch upgrades Xiaomi's outlook to positive, 'BBB' rating.

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