Tesla stock was in recovery mode in premarket on Friday, following a more than 6% dip in the previous session when electric vehicle (EV) sales declined for the first time in over a decade.

The downturn comes in spite of push at the end of 2024 that sent deliveries to a record in the final quarter. Last year, Tesla sold 1.79 million vehicles, slightly fewer than in 2023.

The Elon Musk-fronted company said it delivered 495,570 cars in the Q4, missing the 512,277 projected by analysts. It would have had to sell 515,000 vehicles to continue growth for the full year.

The share price looks set to open about 1.5% higher when markets wake up in the US.

Apple stock lost 2.6% on Thursday, declining amid new data indicating a rout in sales in foreign markets.

Shipments of foreign-branded phones to China, including the iPhone, fell by 47.4% in November from a year earlier, according to a government-affiliated research firm.

Shipments were at 3 million units, compared with 5.8 million units a year earlier, the data showed.

The tech giant faces stiff competition from local rivals such as Huawei, alongside indications of a slowing economy.

Futures contracts for the tech giant’s stock suggest a 0.2% decline when markets open later on.

US President Joe Biden is expected to block Japan’s Nippon Steel from acquiring US Steel (X) in a $14.9bn deal, according to reports overnight.

The news comes after the US Committee on Foreign Investment failed to reach a consensus on whether the deal presented a potential national security risk. It also comes ahead of the change of power to president-elect Donald Trump, and was an important issue in the swing state of Pennsylvania during the election.

Biden’s rumoured decision comes as no shock: he has been widely expected to attempt to mothball the deal. Trump has also described the deal as “a horrible thing”.

Tokyo markets are currently closed until Monday for the New Year break, so a share price reaction remains to be seen for Nippon, however US Steel dropped more than 8.8% in premarket trade.

Airline Wizz Air stock whipsawed on Friday in London, trading 0.4% higher by 11.40am following an update that showed increased numbers of passengers in December, in spite of disruption.

Over the Christmas period the company carried 5.1 million passengers, up 1.9% year on year. Wizz Air’s rolling total for the year came to 62.7 million passengers, up 3.9% on the previous year. The stock dipped, but quickly recovered following the update.