Market Overview - Technology stocks extended gains, with major contributions from Microsoft, Amazon, Nvidia, Apple, and Broadcom, leading to the Nasdaq reaching its highest level since late October and the S&P 500 nearing the 7,000 milestone, marking its fourth record closing high in 2026 [1][15] - The Dow Jones Industrial Average fell by 408.99 points, or 0.83%, closing at 49,003.41, while the S&P 500 gained 28.37 points, or 0.41%, to 6,978.60, and the Nasdaq Composite rose by 215.74 points, or 0.91%, to 23,817.10 [6][15] Earnings Reports - 102 S&P 500 companies are set to report earnings this week, with 79.7% of the 64 that had reported by Friday exceeding analyst expectations [8][15] - General Motors saw an 8.7% increase in shares after reporting higher fourth-quarter core profit [15] - Boeing reported a fourth-quarter profit due to a unit sale but faced larger-than-expected losses in its two biggest divisions, leading to a 1.6% decline in shares [9][15] - American Airlines shares closed down 7% due to expected impacts from a winter storm on first-quarter results, despite a positive 2026 profit forecast [10][15] - JetBlue shares fell 6.9% after reporting a wider-than-expected quarterly loss attributed to bad weather and a government shutdown [10][15] Sector Performance - The technology sector led gains among the S&P 500's 11 major industry sectors, rising by 1.4%, with Corning being the biggest gainer, rallying 15.6% after signing a deal with Meta worth up to $6 billion for fiber-optic cables in AI data centers [7][15] Consumer Confidence and Economic Indicators - U.S. consumer confidence unexpectedly declined in January, reaching its lowest level since 2014, but this did not significantly impact the stock market [4][15] - A recent decline in the U.S. dollar, dropping over 1% on Tuesday, is viewed positively for U.S. equities as it benefits exports, which is expected to enhance S&P earnings going forward [5][6][15] Federal Reserve Watch - Investors are awaiting a policy announcement from the U.S. Federal Reserve, with expectations of unchanged interest rates, while focusing on guidance regarding future rates and economic commentary [11][15] Market Breadth - Advancing issues outnumbered decliners by a 1.61-to-1 ratio on the NYSE, with 693 new highs and 95 new lows, while on the Nasdaq, 2,725 stocks rose against 2,056 that fell, resulting in a 1.33-to-1 ratio [12][15]

港股恒生指数开盘涨0.73%，报27325.89点，恒生科技指数涨0.56%，报5786.66点，国企指数涨0.63%， 报9302.93点，红筹指数涨0.26%，报4299.98点。 大型科技股中，阿里巴巴-W涨0.35%，腾讯控股涨0.99%，京东集团-SW涨1.5%，小米集团-W平收，网 易-S涨0.97%，美团-W涨0.47%，快手-W涨0.63%，哔哩哔哩-W涨0.52%。 电力设备股高开，哈尔滨电气涨超2%；创新药概念活跃，先声药业涨超5%；黄金股普涨，赤峰黄金涨 超4%。零食巨头鸣鸣很忙首日上市涨逾88%；紫金矿业涨逾2%，新东方跌逾3%。 【隔夜外盘】 美股三大指数涨跌不一，道指跌0.83%，纳指涨0.91%，标普500指数涨0.41%并创收盘新高。热门中概 股涨跌互现，纳斯达克中国金龙指数收涨0.48%。 "七巨头"中六家上涨，英伟达、苹果涨超1%，微软、亚马逊涨逾2%，仅特斯拉一家下跌。费城半导体 指数涨2.4%，也收于历史新高。30只成分股中27家收涨。 金价再度刷新历史新高。现货黄金收涨3.3%，报5180.2美元/盎司；现货白银收涨7.92%，报112.16美元/ 盎司。 【隔夜资讯 ...

Tesla continues to make technology revolutionary.The stuff of science fiction is quickly becoming reality. Iconic electric vehicle maker Tesla (TSLA 0.99%) is now making AI-controlled humanoid robots that will be available for purchase by the public before the end of 2027. That's what Tesla CEO Elon Musk said at this year's World Economic Forum, anyway. Just bear in mind the larger-than-life founder has significantly understated developmental timelines before.On the other hand, he's also got a penchant for ...

Domestic News - The Ministry of Transport has implemented a policy to waive toll fees for small passenger vehicles (7 seats or fewer) during the Spring Festival holiday [2] - The Ministry's notice emphasizes the need to enhance charging infrastructure for electric vehicles, proposing tailored strategies for busy service areas to reduce long wait times for charging [2] Industry Insights - In 2025, profits for large-scale high-tech manufacturing industries are expected to grow by 13.3% year-on-year, surpassing the overall industrial profit growth of 12.7% [3] - The smart electronics sector is driving significant profit increases, with profits in the smart consumer device manufacturing sector rising by 48%, and specific industries like smart drones and smart vehicle equipment seeing profits increase by 102% and 88.8%, respectively [3] - The automotive industry is projected to generate profits of 461 billion yuan in 2025, reflecting a modest year-on-year increase of 0.6% [4] - The automotive sector's revenue is expected to reach 1,117.96 billion yuan, with production figures at 34.78 million vehicles, marking a 10% increase year-on-year [4] International News - The EU has announced a trade agreement with India, granting EU service providers preferential access in key sectors such as finance and maritime services, while gradually reducing automotive tariffs to 10% with an annual quota of 250,000 vehicles [5] - Stellantis Group reported that despite a sluggish market, it expects to sell over 2.42 million new vehicles in Europe in 2025, achieving a market share of 16% [6] - The company leads the hybrid vehicle market with a 15% share and holds a 28.6% share in the commercial vehicle sector [6] - The European new car registration is projected to grow by 2.4% in 2025, reaching 13.3 million units, with electric vehicle registrations surging by 30% [7] - In Vietnam, the automotive market is expected to grow by 22% in 2025, although major players like Hyundai and Kia are experiencing declining sales for the third consecutive year [8] - South Africa's electric vehicle sales are projected to decline by 17% in 2025, accounting for only 0.17% of total new car sales, despite overall new car sales reaching a decade-high of 596,818 units [9] Corporate News - BYD has signed a long-term strategic cooperation memorandum with ExxonMobil, focusing on innovation in new energy hybrid technology and collaborative product development [10] - Li Auto plans to close a small number of underperforming stores as part of normal operational adjustments, clarifying that rumors of closing 100 stores are unfounded [11] - Didi plans to enhance the experience of its ride-hailing services in 2026, focusing on improving driver service levels and optimizing vehicle offerings [12] - DeepWay has completed a Pre-IPO financing round of 1.177 billion yuan, marking the largest single financing in the autonomous driving new energy heavy truck sector [13] - XPeng Motors anticipates "very strong" growth this year, with overseas sales growth potentially outpacing domestic sales [14]

凤凰网科技讯 北京时间1月28日，据《商业内幕》报道，埃隆·马斯克(Elon Musk)与美国知名风险投资家维诺德·科斯拉 (Vinod Khosla)"开战"。此前，科斯拉指责马斯克宣扬种族主义，并公开呼吁马斯克的员工辞职。 周一晚间，科斯拉在X上发文称，马斯克将种族主义标榜为"伟大且可取的范式"。此言是对马斯克去年9月一篇帖文的回 应。当时，马斯克声称"白人是全球人口中快速萎缩的少数族群"。马斯克过去曾多次转发关于白人人口结构变化的帖子。 科斯拉在帖子中呼吁马斯克旗下公司的员工辞职，加入科斯拉旗下科斯拉风投的投资组合公司，其中包括OpenAI和Replit等 AI创业公司。科斯拉是上世纪70年代移民美国的印度裔企业家。 "所有在@特斯拉、@SpaceX、@X等公司任职的非白人员工，以及所有正派的白人员工，都应该辞职并加入我们的投资组 合公司，"科斯拉写道，"将你们的领英资料发至我们邮箱！" 马斯克随后以侮辱性言辞回应科斯拉，称这位风投家为"自大的混蛋"，并使用了针对智力障碍者的歧视性用语。 "维诺德，你不仅是个自大的混蛋，曾试图阻止公众使用你家附近的公共海滩，还是个弱智。我的伴侣希冯是半印度血统， 我和她 ...

"过去几年，加中两国的双边关系确实面临诸多挑战。"卡尼坦言，面对全球性变革和不确定性，沉溺过 去不是应对之策，"以此访为契机，加中双方推进构建新型战略伙伴关系。" 特斯拉、吉利、比亚迪等或成为首批受益者 1月14日至17日，加拿大总理卡尼应邀对中国进行正式访问。中加双方就深化经贸合作达成广泛共 识，签署《中国—加拿大经贸合作路线图》，形成了关于处理双边经贸问题的初步联合安排，这其中就 包括一项针对中国产电动汽车的关税配额协议。 根据协议，加拿大将给予中国产电动汽车每年4.9万辆的配额，配额内享受6.1％的最惠国关税待遇，不 再加征100％附加税，配额数量将按一定比例逐年增长。卡尼表示，这一进口配额可能在5年内提高到7 万辆。作为交换，卡尼预计，从2026年3月1日起，中国将把加拿大油菜籽的综合关税降至约15％。 中加电动汽车贸易破冰 "为充分释放伙伴关系潜力，推动本土制造业发展，加拿大将允许每年最多4.9万辆中国产电动汽车，以 6.1％的最惠国关税税率进入加拿大市场。这一配额量与近年来电动汽车贸易摩擦发生前的进口规模相 当，占加拿大新车市场销量的比例不足3％。"卡尼称。 回首2024年8月，在美国拜登政府的施 ...

凤凰网科技讯 北京时间1月28日，据《商业内幕》报道，埃隆·马斯克(Elon Musk)与美国知名风险投资 家维诺德·科斯拉(Vinod Khosla)"开战"。此前，科斯拉指责马斯克宣扬种族主义，并公开呼吁马斯克的 员工辞职。 "所有在@特斯拉、@SpaceX、@X等公司任职的非白人员工，以及所有正派的白人员工，都应该辞职 并加入我们的投资组合公司，"科斯拉写道，"将你们的领英资料发至我们邮箱！" 马斯克随后以侮辱性言辞回应科斯拉，称这位风投家为"自大的混蛋"，并使用了针对智力障碍者的歧视 性用语。 周一晚间，科斯拉在X上发文称，马斯克将种族主义标榜为"伟大且可取的范式"。此言是对马斯克去年 9月一篇帖文的回应。当时，马斯克声称"白人是全球人口中快速萎缩的少数族群"。马斯克过去曾多次 转发关于白人人口结构变化的帖子。 "维诺德，你不仅是个自大的混蛋，曾试图阻止公众使用你家附近的公共海滩，还是个弱智。我的伴侣 希冯是半印度血统，我和她的长子命名时还致敬了伟大的印度物理学家钱德拉塞卡。"马斯克称。 科斯拉在帖子中呼吁马斯克旗下公司的员工辞职，加入科斯拉旗下科斯拉风投的投资组合公司，其中包 括OpenAI和Rep ...

Core Viewpoint - The introduction of 7-year low-interest financing plans by various electric vehicle manufacturers aims to stimulate market demand amid a competitive landscape and inventory pressure, but the actual effectiveness and implications of these plans remain to be validated by the market [1][10]. Group 1: Financing Plans Overview - Major brands like Tesla, Xiaomi, Li Auto, and Xpeng have launched or enhanced 7-year low-interest financing options, extending traditional auto loan periods by 2 to 3 years [1]. - Monthly payments have significantly decreased due to longer loan terms, with Xiaomi's YU7 starting at 2,593 yuan, Xpeng's models at 1,355 yuan, Li Auto at 2,578 yuan, and Tesla's Model 3/Y/Y L at 1,918 yuan [1]. - Tesla offers two different 7-year financing plans with varying down payment requirements, resulting in different annualized rates [2][3]. Group 2: Comparative Analysis of Financing Options - Tesla's financing plans are noted for their flexibility, with lower annualized rates for higher down payments, while other brands have higher rates [3][6]. - Xiaomi's plan requires a minimum down payment of 20%, with an annualized rate of 1% and an effective annualized rate of 1.93% [4]. - Li Auto's financing is categorized by model, with some models offering interest-free periods, while Xpeng's plan applies to all models with a minimum down payment of 15% and an annualized rate of 1.5% [5][6]. Group 3: Market Dynamics and Consumer Behavior - Sales personnel from various brands express differing opinions on the 7-year financing plans, with some recommending shorter terms due to higher interest costs associated with longer loans [7][8]. - The overall market for passenger vehicles has seen a significant decline, with retail sales down 28% year-on-year and wholesale volumes down 35% [9][10]. - Investment firms predict a continued downturn in the Chinese passenger vehicle market, with potential sales declines of 2% to 5% in 2026 [10]. Group 4: Implications of Financing Strategies - The 7-year low-interest financing plans are seen as a strategy to lower the purchase threshold for consumers, but the effectiveness may be limited by high qualification requirements for consumers [9][10]. - Concerns are raised about the long-term implications of extended financing terms, including potential risks of negative equity and the sustainability of demand post-incentive [12].

Group 1 - BYD's new car registrations in Europe reached 187,657 in 2025, a year-on-year increase of 268.6%, while Tesla's registrations were 238,656, a decline of 26.9% [1] - In the EU, BYD's new car registrations grew by 227.8%, increasing its market share from 0.4% in 2024 to 1.2%, whereas Tesla's registrations fell by 37.9%, reducing its market share from 2.3% to 1.4% [1] - In Germany, BYD's new car registrations were more than double that of Tesla's in December, with BYD's annual sales growing sevenfold to 23,306 units, while Tesla's sales nearly halved to 19,390 units [1] Group 2 - BYD surpassed Tesla in the UK, finishing the year with 51,422 units sold compared to Tesla's 45,513 units [2] - Tesla's market performance in Europe has been declining since the beginning of 2025, attributed to outdated models and negative public sentiment towards CEO Elon Musk's political comments [2] - BYD became the world's largest electric vehicle manufacturer in 2025, with total sales of 4,602,436 units, a year-on-year increase of 7.73%, while Tesla's global deliveries fell to 1.636 million, a decline of approximately 8.6% [3] Group 3 - Chinese automakers achieved record sales in Europe, with a total of 811,000 units sold in 2025, a 99% year-on-year increase, capturing a market share of 6.1% [3] - SAIC's MG brand led the sales among Chinese automakers in Europe, selling 307,000 vehicles in 2025, a growth of 26% [3]

Core Viewpoint - Wall Street firms are increasingly viewing Tesla as more than just a car company, with significant investments being made in its stock amid the rollout of its robotaxi service [1][2]. Group 1: Institutional Investment - Major firms such as Vanguard, State Street, and BlackRock have been purchasing more Tesla shares, indicating growing institutional confidence in the company [1]. - Institutional share ownership of Tesla has steadily increased since the end of 2022, reflecting a positive outlook from large investors [1]. Group 2: CEO Investment - CEO Elon Musk invested approximately $1 billion in Tesla stock in September, purchasing shares at prices between $372 and $396, which aligns with the company's milestones in its robotaxi service [2]. Group 3: Robotaxi Service Development - Tesla has been operating a small fleet of robotaxis in Austin and San Francisco, transitioning to unsupervised rides as it gains confidence in the safety of its self-driving technology [3]. - Digital insurer Lemonade has announced lower insurance rates for Tesla owners, citing data that suggests Tesla's full self-driving (FSD) feature reduces accident rates, potentially aiding regulatory approvals for fleet expansion in 2026 [4]. Group 4: Revenue Model Transition - Tesla is shifting to a recurring revenue model by offering the FSD add-on via a monthly subscription starting February 14, which is expected to enhance profitability through higher margins [6]. - Analysts predict that Tesla's earnings per share will nearly double over the next two years, driven by recurring revenue and increased ride fees, explaining the recent buying activity from institutional investors and Musk [7].