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Pablo Martinez Monsivais / AP

Bloomberg suggests that a prime driver of Tesla stock's 40% rise since December 1st is the election of Donald Trump. That's because Tesla is the "poster child" for forward-thinking domestic manufacturing. Whether that's enough to get Trump on board with the clean energy policies that Tesla needs to thrive is another story.

New home sales hit a post-recession high: There were more new homes sales in 2016 than in any year since 2007. The recovery of the homebuilding industry has been circuitous, but the trend of an ever healthier residential-construction sector is unmistakable.

Union membership at an all-time low: The Labor Department says that the rate of union membership hit another all-time low, down to 10.7% in 2016 from 11.1% in 2015. In November, Republicans captured the highest share of union households since the 1980s, though there's no indication that the GOP will offer any policy that will help stem the decline of organized labor.

All talk on currency manipulation: Donald Trump promised to label China a currency manipulator on day one of his administration, but the president has steered clear of the issue since inauguration. That's fine with Bhanu Baweja of UBS, who told The Street that the move would be unjustified given China has long since reversed its cheap-renminbi policy, and that it would further destabilize the Chinese economy .

What we're watching: Advance estimates of fourth-quarter GDP will be released Friday morning and economists expect that growth will be dragged down by a higher trade deficit. Whether this is a bad thing is up for debate—exports grew, just not as fast as imports.

Go deeper

Dominion sends cease and desist letter to My Pillow CEO Mike Lindell

Photo: Stephen Maturen/Getty Images

Dominion Voting Systems on Monday sent a cease and desist letter to My Pillow CEO Mike Lindell over his spread of misinformation related to the 2020 election.

Why it matters: Trump and several of his allies have pushed false conspiracy theories about the company, leading Dominion to take legal action. It's suing pro-Trump lawyer Sydney Powell for defamation and $1.3 billion in damages, and a Dominion employee has sued Trump himself, OANN and Newsmax.

Off the Rails

Episode 5: The secret CIA plan

Photo illustration: Aïda Amer, Sarah Grillo/Axios. Photo: Zach Gibson/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. This Axios series takes you inside the collapse of a president.

Episode 5: Trump vs. Gina — The president becomes increasingly rash and devises a plan to tamper with the nation's intelligence command.

In his final weeks in office, after losing the election to Joe Biden, President Donald Trump embarked on a vengeful exit strategy that included a hasty and ill-thought-out plan to jam up CIA Director Gina Haspel by firing her top deputy and replacing him with a protege of Republican Congressman Devin Nunes.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: CDC director defends agency's response to pandemic — CDC warns highly transmissible coronavirus variant could become dominant in U.S. in March.
  2. Politics: Empire State Building among hundreds to light up in Biden inauguration coronavirus tribute.
  3. Vaccine: Fauci: 100 million doses in 100 days is "absolutely" doable.
  4. Economy: Unemployment filings explode again.
  5. Tech: Kids' screen time sees a big increase.