Sunburn Cannabis Chairman of the Board and 'Big Short' trader Danny Moses joins Yahoo Finance Live to explain why he's short on Tesla, the state of crypto amid the FTX collapse, the odds of a U.S. recession, and weed legalization.
Yahoo Finance Live anchors discuss why Tesla owners are servicing their vehicles with General Motors.
U.S. stock indexes were set to open flat on Wednesday ahead of comments from Federal Reserve Chair Jerome Powell later in the day, while Tesla shares gained after the electric-vehicle maker's sales in China nearly doubled. "The market is expecting him (Powell) to say maybe we won't do the 75 bps hike ... when people listen to the Fed Chair speak, they're waiting for that little hint," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. Tesla Inc's shares rose 0.8% in premarket trading as its China sales in November were boosted by price cuts and incentives offered on its Model 3 and Model Y, according to data from China Merchants Bank International.