Hua Er Jie Jian Wen·2025-07-23 23:27Company Updates - Tesla reported a significant decline in Q2 performance, with a 12% year-over-year drop in revenue and a 23% decrease in EPS, marking the largest sales decline in a decade. The automotive business revenue fell by 16%, continuing a trend of double-digit declines over two consecutive quarters. The company reaffirmed plans to launch new vehicles and the Cybercab, with a warning from CEO Elon Musk about challenging conditions in the upcoming quarters [10][12] - Alphabet, Google's parent company, exceeded Q2 earnings expectations and raised its full-year capital expenditure forecast to $85 billion, which is $10 billion higher than previous estimates. The strong performance was driven by robust growth in cloud services and search advertising, although there are concerns about profitability due to increased capital spending [4][12] Industry Insights - The U.S. and Japan have reached a trade agreement that lowers tariffs on Japanese automobiles to 15%, which has raised concerns among American automakers about competitive disadvantages. The agreement is seen as a potential template for future U.S.-EU trade negotiations [11][21] - The Chinese Ministry of Commerce announced that Hainan Free Trade Port will officially close on December 18, with 74% of imported goods subject to zero tariffs. This move is expected to enhance trade facilitation and regulatory efficiency in the region [9][10] - The AI sector is poised for significant growth as the U.S. government has released an "AI Action Plan" aimed at accelerating AI development through regulatory relaxation and increased energy supply for data centers. Major players like OpenAI, Microsoft, and Amazon are expected to benefit from these initiatives [14]