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Stock Market's Mixed Performance and Tesla's Challenges
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U.S. stock market closes mixed with S&P 500 reaching a record high, while Dow Jones Industrial Average ends in the red. Tesla's earnings disappoint, leading to a significant drop in its shares. Saudi Arabia's opening of an alcohol store marks a major breakthrough for the nation. Clean energy projects in China account for 40% of the country's GDP expansion in 2023, driven by government targets. Tesla warns of slower volume growth in 2024 after experiencing a decline in gross margin and intensifying competition from rivals. US stock futures flat following IBM's success and Tesla's slip, with companies set to report before the bell. Tesla's fourth-quarter results show a significant decline in operating profit, attributed to price cuts and a lackluster year.
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How does China's reliance on clean technology sectors to drive economic growth reflect broader global trends towards sustainable development?
How might the mixed performance of the U.S. stock market impact investor confidence and economic growth?
What strategies could Tesla employ to overcome its challenges in the electric vehicle industry and achieve its growth targets?
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