DeepSeek's emergence in late January loped nearly $600 billion from Nvidia's market value, the largest single-day move on record.

Tesla shares fell again Monday, extending a recent slump that has made the stock the weakest performer in the Magnificent 7 so far in 2025.

Shares of Amazon (NASDAQ: AMZN) gained 0.52% on Wednesday, which was not enough to dig them out of a -1.58% loss over the past five trading sessions. The stock is up 2.91% year-to-date and has gained 27.

Tesla shares moved lower in mid-day Monday trading, extending their 2025 decline well past 10%, as investors continue to fret about the time and attention that Elon Musk is devoting to his efforts as a key adviser to President Donald Trump.

Entering Monday, the EV maker’s shares were off almost 30% from their all-time closing high of about $480 on Dec. 17.

Growing NEV Adoption: The market for new market vehicles (NEVs) is on the rise in China. NIO expects vehicle deliveries in 2025 to double the output from 2023 (roughly 165,000 units). This still only makes up about 2% of the Chinese NEV market and gives NIO plenty of roadway to grab market share for years to come.