Tesla's slowing profit growth and rich valuation make Michael Burry's skepticism hard to ignore.Shares of Tesla (TSLA +4.17%) are back in the spotlight after "Big Short" investor Michael Burry used his new Cassandra Unchained newsletter to call the stock "ridiculously overvalued." Burry, who got his "Big Short" investor nickname from shorting the U.S. housing market during the supbrime mortgage crisis and the subsequent movie he was depicted in, argues that the electric-car maker's lofty market value and Te ...

Xiaomi Corporation (1810.HK) ( OTCPK:XIACF ) ( OTCPK:XIACY ) is a Chinese technology company with core segments in consumer electronics and electric vehicles. Within China, the company has the largest consumer ecosystem, with over 1 billion IoT (Internet of Things) smart devices. While consumer electronicsI am a private investor and research-driven analyst focused on China and the broader Asia-Pacific equity markets. My work examines businesses across electric vehicles, semiconductors, consumer platforms, a ...

Core Viewpoint - Tesla's ambitious performance milestones for CEO Elon Musk's pay package could lead to significant stock volatility if not met, with a potential market cap target of $8.5 trillion being particularly challenging [2][4][9]. Summary by Sections Pay Package Details - Tesla shareholders approved a pay raise for Elon Musk that could total $1 trillion, contingent on meeting specific performance milestones over the next decade [2][3]. - Musk could earn nearly 424 million shares, with each milestone resulting in 35.2 million shares awarded [3]. Market Capitalization and Share Price - To meet the final milestone, Tesla's market capitalization must reach $8.5 trillion, implying a share price of approximately $2,400, which is nearly six times the current price of around $420 [4][5]. Performance Milestones - The first milestone requires Tesla to deliver 20 million vehicles, a significant increase from the 1.8 million delivered in 2024 and 7.8 million since its inception [5][6]. - The second milestone targets 10 million Full Self-Driving (FSD) subscriptions, a tenfold increase from an estimated 936,000 subscriptions currently [6]. - Additional milestones include selling 1 million robots and having 1 million robotaxis operational, along with EBITDA targets ranging from $50 billion to $400 billion [7]. Growth Concerns - Investors may be skeptical about the feasibility of these ambitious targets, particularly given the slow progress of robotaxi deployment and the ongoing testing of humanoid robots [9]. - The competitive landscape in the electric vehicle market is intensifying, with companies like BYD, Li Auto, and XPeng rapidly expanding their market presence [10]. Financial Projections - Analysts project Tesla's sales to grow nearly 15% to $110 billion this year, with earnings per share expected to reach $2.27, resulting in a forward price-to-earnings ratio of 185 [11].

每日晨报│2025 年 12 月 4 日 主要市场指数表现 | | 收市价 | 上个交易日升 | YTD 升跌 | | --- | --- | --- | --- | | 恒生指数 | 25,760 | -1.28% | +28.42% | | 恒生科技指数 | 5,534 | -1.58% | +23.88% | | 国企指数 | 9,028 | -1.68% | +23.85% | | 沪深 300 | 4,531 | -0.51% | +15.15% | | 上证综合指数 | 3,878 | -0.51% | +15.70% | | 深证成份指数 | 12,955 | -0.78% | +24.40% | | 中小板指 | 7,883 | -0.77% | +23.53% | | 道琼斯指数 | 47,882 | +0.86% | +12.55% | | 标普 500 指数 | 6,849 | +0.30% | +16.46% | | 纳斯达克指数 | 23,454 | +0.17% | +21.46% | | 伦敦富时指数 | 9,692 | -0.10% | +18.59% | | CAC40 指数 ...

Core Insights - Tesla's UK car registrations experienced a decline of 19% in November, as indicated by preliminary data from New AutoMotive [1] Group 1: Company Performance - The decrease in Tesla's car registrations in the UK aligns with significant drops reported in other European markets for the same month [1]

Core Insights - Tesla's UK car sales experienced a decline of 19% year-on-year in November, according to preliminary data from New AutoMotive [1] Group 1 - The decline in sales indicates that Tesla is losing market share in Europe [1] - The data reflects ongoing challenges for Tesla in maintaining its competitive position in the UK electric vehicle market [1]

Market Performance - U.S. equity markets closed positively, with the Dow Jones Industrial Average (DJI) rising by 423 points (0.89%) to 47,897.79 [2][8] - The S&P 500 increased by 21.94 points (0.32%) to 6,851.31, while the NASDAQ gained 42.98 points (0.18%) to finish at 23,456.65 [2][8] Automotive Sector Developments - The U.S. Department of Transportation (USDOT) announced revised fuel economy rules, projected to save automakers over $35 billion through 2031 [3][8] - The new standards will require an average light-duty vehicle fuel economy of approximately 50.4 miles per gallon by model year 2031, saving consumers over $23 billion in fuel costs through 2050 [3][8] - Former President Trump attributed increased investment in U.S. auto firms partly to tariffs and praised Ford's F-150 truck [3] Corporate Earnings - Salesforce (CRM) reported Q3 2025 results with an adjusted EPS of $3.25, surpassing analyst estimates of $2.86 [4][8] - Revenue for Salesforce was slightly below expectations at $10.26 billion, compared to an estimated $10.28 billion, while Subscription & Support Revenue met estimates at $9.73 billion [4][8] - For Q4, Salesforce provided revenue guidance between $11.13 billion and $11.23 billion, exceeding the estimated $10.91 billion, and projected Q4 adjusted EPS of $3.02 to $3.04, aligning with the $3.03 estimate [4]

Core Viewpoint - The Invesco QQQ Trust is positioned as a strong long-term investment opportunity, capitalizing on the growth of the cloud and AI markets, which are expected to expand significantly in the coming years [1][2][11]. Market Growth - The global cloud computing market is projected to grow by 218%, from $752.4 billion in 2024 to $2.39 trillion in 2030, driven by advancements in artificial intelligence [2]. Investment Options - Investing in a diversified ETF like the Invesco QQQ Trust is suggested as a safer way to gain exposure to leading cloud and AI stocks, including major players like Alphabet [3][11]. - The Invesco QQQ Trust has outperformed the S&P 500, increasing by over 440% in the past decade compared to the S&P 500's less than 230% rise [3][7]. ETF Composition - QQQ tracks the Nasdaq-100 index, which includes the 100 largest non-financial companies in the Nasdaq Composite. Its top holdings include Nvidia, Apple, Microsoft, Alphabet, Broadcom, Amazon, Tesla, and Meta, which are all key players in the cloud and AI sectors [4][6]. Performance Metrics - The QQQ Trust has a current price of $623.34, with a market cap of $0 billion and a trading volume of 33 million [5][6]. - The eight largest holdings account for over half of the total value of the Nasdaq-100 and QQQ, contributing to its strong performance relative to other ETFs [7]. Expense Ratios - QQQ has an expense ratio of 0.2%, which is higher than the Vanguard S&P 500 ETF's 0.03% and the average of 0.14% for passively managed ETFs. This is due to its original structure as a unit investment trust [8][9]. - Invesco is in the process of converting QQQ into an open-ended ETF, aiming to reduce its expense ratio to 0.18% [10]. Long-term Outlook - For investors anticipating significant growth in cloud infrastructure and AI markets, investing in QQQ or its lower-cost counterpart QQQM is recommended, despite potential short-term volatility [11].

It's time for the big three. We've got three stocks, three charts, and three trades. Rick Ducat joining us as always to take us through the charts. Here to take us through the trades today is Don Kaufman, the co-founder of Theo Trade.Great to have you both with us, Don. Love to get your thoughts on this market action that we've seen so far this week. >> Yeah, this week uh once again, it's a little bit of a well sloppastic.Uh you really thought that Microsoft this morning may actually drag the S&Ps down. The ...

Core Viewpoint - Tesla's market capitalization is considered excessively overvalued, with concerns about stock-based compensation diluting shareholder value [1][11][13] Valuation Concerns - Michael Bur argues that Tesla's valuation has been inflated for a long time, emphasizing that the company's market cap is "ridiculously overvalued" [1][13] - The approval of Elon Musk's substantial pay package is seen as a factor that will further dilute Tesla's stock [11][13] Competitive Landscape - Tesla is facing increasing competition in the electric vehicle (EV) market, particularly from European manufacturers, leading to a loss of market share [10][19] - Sales in key European markets have significantly declined, with reports indicating a 50% drop in sales in October [19] Technological Aspirations - There is a strong belief among some analysts that Tesla is not merely a car company but is transitioning into an AI and technology-focused entity, particularly with ambitions in autonomous driving and robotics [5][20] - The potential success of Tesla's Full Self-Driving (FSD) technology could be a critical factor in maintaining its market position against competitors [20] Investor Sentiment - The investor community is polarized, with strong bullish and bearish sentiments surrounding Tesla, reflecting the company's volatile stock performance [21][22] - Analysts express skepticism about the sustainability of Tesla's growth, particularly in light of recent sales declines and competitive pressures [10][18]