TESLA INC (TSLA)

The president-elect says the prospect of the Tesla billionaire taking over is “not happening”, and says the US could seek to retake control of the Panama Canal.

Honda and Nissan are expected on Monday to announce the start of business integration talks, according to Japanese media reports, as the automakers look to survive a rapidly changing industry landscape. The two automakers will likely host board meetings on Monday about the talks and later hold a joint press conference, where Nissan's alliance partner Mitsubishi Motors is also expected to attend, the reports said. Honda and Nissan have been exploring ways to bolster their partnership, including setting up a joint holding company, as they face growing challenges from Tesla and Chinese rivals, Reuters reported last week.

The planned consortium would take on defense giants.

Donald Trump said Sunday that he will be president of the US — not Elon Musk.

Lucid Group (NASDAQ: LCID) is an emerging company in the electric vehicle (EV) space that has caught the attention of investors since its merger with a special purpose acquisition company (SPAC) three years ago. After reaching a peak of $57.75 per share in late 2021, Lucid's stock has seen a steep decline of 95%, currently trading under $3 per share. One distinguishing feature of Lucid's vehicles is their impressive range.

Most politically-focused funds underperformed S&P 500 during this election year.