Tesla(US:TSLA) 雪球·2025-02-26 09:49Market Overview - The three major A-share indices rose collectively, with the Shanghai Composite Index up 1.02% closing at 3380.21 points, the Shenzhen Component Index up 0.93% at 10955.65 points, and the ChiNext Index up 1.23% at 2268.22 points [1] - The Hang Seng Technology Index saw an intraday increase of 5%, while the Hang Seng Index rose over 3% [1] - Over 4200 stocks in the market experienced gains, with total trading volume in the Shanghai and Shenzhen markets reaching 193.83 billion, an increase of 41.6 billion from the previous day [1] Investment Products - The highly anticipated Free Cash Flow ETF (159201) is set to officially launch, closely tracking the National Certificate Free Cash Flow Index, which has seen a cumulative return of 604.85% since early 2013, with an annualized return exceeding 18% [1] - The ETF has shown positive returns for six consecutive years from 2019 to 2024, making it an attractive investment option in a low-interest-rate environment [1] Sector Performance - Broker stocks experienced significant movements, with China Galaxy and CICC both hitting the daily limit [1] - Steel stocks showed strong fluctuations, with several stocks like Bayi Steel reaching the daily limit [1] - The robotics sector remained active, with over 30 stocks including Wuzhou Xinchun hitting the daily limit [1] - Solar energy stocks rebounded, with companies like Longi Green Energy rising over 5% [1] - Computing power stocks showed localized strength, with Hengwei Technology hitting the daily limit [1] Hong Kong Market Developments - The Hong Kong government announced a reinforced fiscal consolidation plan, expecting a GDP growth of 2%-3% and an overall inflation rate of 1.8% for 2025 [4] - Southbound funds saw a net purchase exceeding 10 billion HKD, indicating strong foreign investment interest [3][6] - The asset management total in Hong Kong surpassed 31 trillion HKD, with over half sourced from foreign capital [6] IPO Highlights - The IPO of Mixue Ice Cream (referred to as "Mixue Group") achieved a record subscription rate of 5125 times, raising approximately 34.55 billion HKD [8][10] - The company reported revenues of 13.6 billion, 20.3 billion, and 18.7 billion CNY for 2022, 2023, and the first nine months of 2024, respectively, with year-on-year growth rates of 31.2%, 49.6%, and 21.2% [10] - Concerns were raised regarding the high valuation of Mixue Group, with a price-to-earnings ratio exceeding 30 times, which is above the industry average [11] Potential Mergers - There are rumors of a potential merger between CICC and China Galaxy, which could create a brokerage giant with an asset scale of approximately 193 billion USD [12][14] U.S. Market Insights - The U.S. tech giants are experiencing a technical correction, with the "Magnificent 7" index down over 10% since its peak in December [15] - Tesla's stock price fell by 8.39%, resulting in a market cap loss of approximately 89.2 billion USD [15][17] - The upcoming earnings report from NVIDIA is highly anticipated, with expectations of a revenue of 38.132 billion USD, marking a year-on-year growth of 72.52% [19]