Daily's Pre-Market: Tesla, China vs India, Netflix, Chipotle, and Meta.

Tesla reported revenue growth of 3% in the fourth quarter, trailing estimates.

• Tesla reported revenue growth of 3% in the fourth quarter, trailing estimates.

• Auto revenue increased just 1% from a year earlier.

• Vehicle volume growth in 2024 “may be notably lower” than last year’s growth rate, the company warned.

China is ‘risky’ for supply chains and India a favored destination for U.S. firms, survey shows

• Of the 500 executive-level U.S. managers surveyed by market research OnePoll, 61% said they would pick India over China if both could manufacture the same materials.

• The survey showed that 59% of the respondents found it “somewhat risky” or “very risky” to source materials from China, compared with 39% for India.

• “Companies are seeing India as a long-term investment strategy as opposed to a short-term pivot to avoid tariffs,” said Samir Kapadia, CEO of India Index and managing principal at Vongel Group. 

Netflix shares pop 10% as streamer adds 13.1 million subscribers, tops revenue estimates

• Netflix added 13.1 million subscribers during the fourth quarter.

• The company now has 260.8 million paid subscribers.

• The company also topped Wall Street’s revenue expectations.

Chipotle wants to hire 19,000 workers for busy spring season, will offer new financial perks

• Chipotle Mexican Grill wants to hire 19,000 new workers ahead of its busiest time of the year.

• The burrito chain’s recruitment goal is up about 27% from a year ago.

• Attracting workers has become more difficult for restaurants in recent years.

Meta passes $1 trillion in market cap

• Meta’s market cap surpassed $1 trillion Wednesday.

• It’s the first time the company hit the milestone since 2021.

• Shareholders are bullish on Meta as it seeks to strengthen its position as a heavy hitter in artificial intelligence.