Bloomberg Money Minute: Tesla's EV Sales Decline, Starbucks' New Menu, and AI Stock Optimism

Electric Vehicle Market Shifts

• 🚗 Tesla is no longer the world's largest seller of electric vehicles, with sales falling 8.6% last year.
• 🇨🇳 This decline places Tesla behind BYD in the global electric vehicle sales rankings.

Automotive Industry and Regulations

• 🛠️ Stellantis is bringing back a V8-powered RAM pickup truck.
• 📜 This move comes as US federal regulations on auto emissions are being addressed.

Economic and Stock Market Trends

• 📈 There is new optimism in the market regarding tech and AI stocks at the start of the year.
• 🍽️ Contrary to expectations, households using GLP-1 weight loss drugs are spending more on eating out.
• 🥤 Starbucks is introducing a new post-holiday winter menu starting January 6th.
• ☕ New items include the creme brulee latte, a caramel protein latte, and caramel protein matcha.
• 🍳 The menu also features new food items like truffle mushroom and brie egg bites, Greek yogurt, and protein popcorn, with a focus on protein.