CNBC's "Fast Money" Making Sense of Friday’s Action and What’s Next for Tesla 1/2/26
Jan 2, 2026
Automotive reporter Phil LeBeau dives into the shifting dynamics of the EV market, highlighting Tesla's disappointing Q4 delivery numbers and its fall from the top spot. The discussion reveals how competitors like BYD are challenging Tesla's dominance. Will emerging technologies like robotaxis and robotics help Tesla bounce back? The panel debates the implications for investors amidst evolving valuations and expectations, bringing a mix of insights on market sentiment and future strategies.
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New Year ≠ New Market Regime
- Turning the calendar to a new year rarely changes the market's structural backdrop overnight.
- Portfolio shifts in early January often reflect risk appetite and repositioning, not permanent regime change.
Low VIX Signals Market Sanguinity
- Low VIX and tight option spreads show investors remain sanguine heading into 2026.
- That low implied volatility environment generally supports higher stock prices absent new shocks.
Use Early-Year Risk Appetite Tactically
- Expect portfolio managers to take more risk at the start of the year after year-end caution fades.
- Use early-year rotations into laggards and cyclicals as tactical, often short-lived trades.