TRUMP OFFICIALS TAKE STEPS TO EASE HURDLES FOR SELF-DRIVING CARS The Trump administration announced its first policy moves to remove what it sees as regulatory barriers facing autonomous vehicles. The National Highway Traffic Safety Administration is updating rules to allow domestically produced autonomous vehicles to qualify for exemptions to US auto safety standards previously offered only to imports (Source Bloomberg) $TSLA

BREAKING: Tesla just secured a 2-year exemption to run FSD (Supervised) on public roads in Norway 🇳🇴 Not in theory Not in simulation But with real cars, live software and government oversight Approved by Statens vegvesen (Norwegian Road Authority), this test program allows: • FSD v13 active • Modified steering and speed control • Tesla-trained drivers only • On registered EU-type-approved vehicles

$Hesai Group(HSAI)$  nearly 20% up these 2 trading days would be interesting to see if the board will sell more shares or dilute for more fund. 

4200

PROCTER & GAMBLE $PG CEO SAYS PRICE HIKES ARE ‘LIKELY,’ AS TIDE OWNER CUTS OUTLOOK DUE TO TARIFFS, UNCERTAINTY PEPSICO $PEP CUTS EARNINGS FORECAST AS IT PREDICTS ‘UNCERTAINTY’ IN TARIFFS, CONSUMER SPENDING - CNBC AMERICAN AIRLINES $AAL WITHDRAWS 2025 FORECAST ON MURKY ECONOMIC OUTLOOK - CNBC

*CHINA MINISTRY OF COMMERCE: CHINA AND THE U.S. HAVE NOT HELD ANY TRADE DISCUSSIONS OR NEGOTIATIONS — ALL SUCH REPORTS ARE FALSE IF THE U.S. REALLY WANTS TO MAKE A DEAL, THEY SHOULD DROP ALL UNILATERAL TARIFFS

*US PRELIM MARCH DURABLE GOODS ORDERS RISE 9.2% M/M; EST. +2.0% *US PRELIM MARCH DURABLE GOODS EX-TRANS UNCHANGED M/M; EST. +0.3%

BREAKING: President Trump says on China's 145% tariff: "I haven't brought it down, I said it's a high tariff, but I haven't brought it down." Trump reiterates that if a deal is not made, tariffs will be set.

BREAKING: $PLTR PALANTIR PARTNERS WITH $GOOGL TO BRING FEDSTART TO THE GOOGLE PUBLIC CLOUD. This is really, really strong for Palantir: - Further establishes their presence in the US government - Continues to show their ability to collaborate with hyperscalers like $GOOGL $AMZN and $MSFT - FedStart is an incredible product to bring smaller companies into the government space so they can sell their software with the right accrediations and guardrails in place, now any of those companies building on GCP can integrate with Palantir - Palantir is one of a handful of companies that have IL6 security clearance in the USG so being able to integrate with Google only further shows the trust and safety they bring to the government

Over the last 24 hours: 1. Trump says tariffs on China won’t be as high as 145% and “will come down substantially" 2. Bessent says "de-escalation with China" is coming 3. WSJ reports that tariffs on China are set to drop to 50%-65% 4. Bessent says America "first does not mean America alone" 5. Bessent declines to comment on WSJ report in point #3 6. Bessent clarifies Trump is not offering a unilateral decrease in tariffs on China 7. Bessent says US-China trade deal will take 2 to 3 years The market's rollercoaster ride continues.

$TSLA Summary - 4/23/2025 Positive Catalysts: 1/ Trump streamlines federal process allowing TSLA to secure general unsupervised autonomy license nationally 2/ More affordable vehicle launch at end of 2025 2Q may slow further EV share loss 3/ FSD licensing deal with 1 or more OEMs 4/ TSLA likely first to market with generalized unsupervised FSD FY’25 YE 5/ DE Supreme Court overturns Chancellor McCormick’s 2018 comp ruling late 2025 6/ Cybercab volume production begins 2026 7/ Optimus production begins late-2026 Negative Catalysts: 1/ Trump eliminates $7,500 IRA EV purchase credit 2/ TSLA fails to introduce new cheaper form factor in 2025/1H, and instead cuts prices and costs similar to 2023 3/ Robotaxi Austin test market proves inconclusive, not extended to other states 4/ FY’25 deliv expec

🚨 CHINA'S FOREIGN MINISTER WANG YI, IN MEETING WITH IRANIAN COUNTERPART: U.S. 'ABUSE' OF TARIFFS HAS LOST POPULARITY, ISOLATED ITSELF FROM INTERNATIONAL COMMUNITY - MINISTRY STATEMENT

BREAKING FROM THE WSJ: - THE WHITE HOUSE IS REPORTEDLY CONSIDERING TO MEANINGFULLY SLASH CHINA TARIFFS - TARIFFS COULD OPERATE IN A TIERED SYSTEM WITH 35% ON NON STRATEGIC GOODS & 100% ON NATIONAL SECURITY PRODUCTS - BESSENT & LUTNICK CONVINCED TRUMP TO NOT FIRE POWELL market likes it

$Hesai Group(HSAI)$   $HSAI Note: I am not personally that familiar with Blue Orca: Blue Orca Capital short Hesai, calls company 'a Nasdaq-listed Chinese scam' In a recently published report, Blue Orca Capital says it is short Hesai Group, which in its opinion is "a Nasdaq-listed Chinese scam actively lying to investors, the Department of Defense, and a United States federal court." Blue Orca believes "it dishonestly attempts to escape its designation as a 'Chinese military company' by insisting that it has no involvement with the Chinese military. Yet, we found clear smoking-gun photographic and video evidence that Chinese military vehicles are outfitted with Hesai LiDAR systems. Nor do we trust Hesai's financial disclosures. It claims

BREAKING: President Trump is considering cutting tariffs on China, likely down to between 50% and 65%, to ease tensions, per WSJ. No final decision has been made, and options remain open, WSJ notes.

🚨 TRUMP MAY CUT CHINA TARIFFS TO EASE TENSIONS The Trump administration is weighing major tariff cuts on Chinese imports—possibly by over 50%—to reduce trade tensions, sources say. No final decision has been made, and options remain open. One idea is a tiered system: 🔸 35% tariffs on non-strategic items 🔸 100%+ tariffs on goods tied to national security 🔸 Phased in over five years Trump confirmed Tuesday that his 145% tariffs could be reduced but “won’t be zero.” Markets reacted positively to the news. China responded by signaling openness to talks but warned it won’t negotiate under U.S. threats. Some in Beijing see Trump’s shift as backing down.

$SPY opening right at key s/r flip of 540. I certainly won’t be chasing this move. Reminder Bessent is being rolled out for a “Statement on the financial system”. It’s hard to think it won’t be anything but sunshine and rainbows, as he’s basically been acting a second Fed chair to Powell. Trump speaks again today after market close. Big congrats if you swung a long position, just make sure you remember, none of that money is yours unless you take it to your account. Good luck today

Goldman Sachs, $GS, says to brace for a bigger stock drawdown, wider credit spreads and recession

NEWS: Wedbush analyst Dan Ives has raised his $TSLA price target to $350 (from $315). “Last night was a pivotal conference call for Musk to turn the corner from this dark chapter as 1Q numbers ended a disaster quarter in which deliveries were very soft and Tesla missed the Street on basically every metric. More important than numbers, this was the time Musk could pivot, speak to shareholders/employees, and take a turn away from the DOGE/Trump White House and recommit as CEO of Tesla...and he did it loudly and clearly in a conference call that we view as a turning point in the Tesla story.”

BREAKING: Vietnam says it has started trade talks with the United States. This is at least the third time it’s been reported that trade talks have “started” between the U.S. and Vietnam. Days ago, it was reported that the U.S. and Vietnam were close to a deal.