Group 1 - The upcoming expiration of the electric vehicle tax credit on September 30 is driving U.S. consumers to rush their electric vehicle orders, leading to a surge in demand for Tesla vehicles [1] - Tesla's Model Y inventory is rapidly decreasing across multiple regions in the U.S., and analysts predict that the third quarter may become Tesla's best quarter in recent years in terms of delivery volume [1] - Due to the increasing demand for Model Y, Tesla is considering raising the price of this electric vehicle and further increasing production [1] Group 2 - The potential price increase may benefit Tesla's profit margins, but it may not be well-received by prospective buyers, possibly prompting some to place orders early to avoid higher prices [2] - The IRS has relaxed policies, allowing consumers to enjoy tax credits if they sign legally binding contracts and make a small down payment before September 30, even if the vehicle is delivered afterward [3] - This change by the IRS provides manufacturers with more delivery time, but it may also lead to issues similar to Tesla's potential price increase [3] - Overall, a significant rebound in electric vehicle deliveries is expected in the U.S. market for the remainder of the year, which is favorable for Tesla and other electric vehicle manufacturers [3]

Market Overview - On August 12, US stock indices closed higher, with all three major indices rising over 1%, and both the S&P 500 and Nasdaq reaching all-time highs [1][8] - The Dow Jones increased by 483.52 points (1.10%) to 44,458.61, the Nasdaq rose by 296.50 points (1.39%) to 21,681.90, and the S&P 500 gained 72.37 points (1.13%) to 6,445.76 [8] Economic Indicators - The US Consumer Price Index (CPI) for July rose by 0.2% month-over-month and 2.7% year-over-year, which was below expectations [2][3] - Core CPI, excluding food and energy, increased by 0.3% month-over-month and 3.1% year-over-year [3] - Housing costs were the main driver of the CPI increase, rising by 0.2%, while food prices remained stable and energy prices fell by 1.1% [3] Employment Data - The average weekly earnings in July increased by 1.4% year-over-year and 0.4% month-over-month, with the average hourly earnings rising by 1.2% year-over-year and 0.1% month-over-month [3] - The actual average weekly earnings reached $388.01, an increase of $5.51 compared to the same period last year [3] Federal Reserve Expectations - According to CME's FedWatch, there is a 93.4% probability that the Federal Reserve will cut rates by 25 basis points in September, with a 59.9% chance of a cumulative 50 basis points cut [4] - US Treasury Secretary Scott Basset suggested that the Fed might have considered a 50 basis points cut if they had access to "real" employment data earlier [3] Corporate Performance - Major tech stocks saw significant gains, with ON Semiconductor rising over 6% and Intel increasing over 5% [8] - Meta Platforms' market capitalization approached $2 trillion as its stock rose over 3%, while Nvidia and Tesla also saw slight increases [8] - Tesla's stock rose by 0.53%, amid CEO Elon Musk's threats of legal action against Apple regarding App Store practices [8] Electric Vehicle Market - July saw a surge in electric vehicle sales, driven by Tesla's price cuts, with expectations for strong demand in the third quarter as federal tax credits are set to expire [9] - The Nasdaq China Golden Dragon Index rose by 1.49%, with notable gains in Tencent Music (up nearly 12%) and other Chinese tech stocks [9]

Group 1 - The U.S. government will no longer provide tax credits for electric vehicles starting September 30, leading to a surge in consumer purchases to take advantage of the $7,500 tax credit before the deadline [1] - In July, electric vehicle sales accounted for 9.1% of total passenger car sales, marking a historical high, with nearly 36,700 used electric vehicles sold in the same month, also a record [1] - Cox Automotive predicts that the third quarter may set a record for electric vehicle sales, while the fourth quarter is expected to see a significant decline in sales [1] Group 2 - According to a report by Minmetals Securities, the demand for plug-in hybrid vehicles in the U.S. market is limited due to local market needs and technological development, while there is a relatively better outlook in Europe [3]

Core Viewpoint - The article highlights the impact of the U.S. Congress passing the "Big and Beautiful" bill, which eliminates tax credits for electric vehicles starting September 30, leading to a surge in electric vehicle purchases in July to take advantage of the $7,500 tax credit before the deadline [1] Group 1 - In July, electric vehicle sales accounted for 9.1% of total passenger car sales, marking a historical high [1] - The sales of used electric vehicles in July reached approximately 36,700 units, also setting a new monthly record [1] - The company anticipates that the third quarter may see record electric vehicle sales, while a significant decline in sales is expected in the fourth quarter [1]

Group 1 - Tesla announced that orders placed by the end of August may not qualify for electric vehicle tax credits [1] - The Trump spending bill and tariffs are expected to negatively impact demand for electric vehicles [1]

Group 1 - The core viewpoint is that President Trump's spending bill and tariffs will negatively impact demand in the electric vehicle market [1] - Orders placed by the end of August may not qualify for the federal electric vehicle tax credit [1] - The Trump administration's relaxation of carbon emission standards will harm conventional vehicle credit sales [1]

Group 1 - U.S. stock futures showed mixed results, with Dow futures up approximately 0.1% [1] - Tesla, Inc. shares fell sharply by 6.4% to $295.32 in pre-market trading due to CEO Elon Musk's political re-entry and the impact of the "Big, Beautiful Bill" [1][2] - The "Big, Beautiful Bill" has eliminated the $7500 EV credit and rendered Zero Emission Vehicle credits obsolete, significantly affecting Tesla's revenue [1] Group 2 - Bitmine Immersion Technologies, Inc. shares dropped 19.3% to $110.00 in pre-market trading after a previous surge of over 130% following a $250 million private placement announcement [4] - Quantum-Si incorporated saw a decline of 10.3% to $1.92 after announcing a $50 million registered direct offering of common stock [4] - Other companies like Webull Corporation, Scage Future, SK Telecom, Aebi Schmidt Holding AG, and GDS Holdings Limited also experienced declines in pre-market trading, with percentage drops ranging from 5.8% to 9.5% [4]

Core Viewpoint - The "Big and Beautiful" bill has been passed by the U.S. House of Representatives, which will terminate electric vehicle tax credits, potentially impacting the growth of the U.S. electric vehicle manufacturing industry, particularly affecting Tesla [1][2]. Group 1: Legislative Impact - The "Big and Beautiful" bill will end the $7,500 tax credit for new electric vehicles and the $4,000 credit for used electric vehicles by September 30 this year [1]. - Analysts predict that the cancellation of these tax credits could lead to a $1.2 billion profit loss risk for Tesla [1]. Group 2: Market Performance - Tesla's global delivery volume for Q2 this year was 384,100 units, a year-on-year decline of approximately 13.5%, marking two consecutive quarters of declining deliveries [2]. - Tesla's market share in the U.S. electric vehicle market is projected to drop from 55% in 2023 to about 49% in 2024, further decreasing to 44% in Q1 of this year [2]. Group 3: Competitive Landscape - Following the bill's passage, stock prices for General Motors and Ford have risen by 7.5% and 8.8%, respectively, indicating a potential shift in investor sentiment towards traditional automakers [3]. - The bill is seen as confirming a trend of slowing electric vehicle adoption in the U.S., contrasting with previous stringent emissions regulations aimed at promoting electric vehicles [3]. Group 4: Future Projections - By 2032, automakers may need to increase electric vehicle sales to 56% of total sales, with plug-in hybrids at 13% and traditional fuel vehicles at only 29% [4]. - Despite the slower-than-expected growth of electric vehicles, sales of new energy vehicles (including hybrids) are projected to account for 20% of total new car sales in the U.S. by 2024 [4].

Group 1 - The "Big and Beautiful" bill has been passed by the U.S. House of Representatives, with President Trump set to sign it, which will end electric vehicle tax credits for consumers by September 30, 2023, impacting the growth of the U.S. electric vehicle manufacturing industry [1] - Tesla's global delivery volume for Q2 2023 was 384,100 units, a year-on-year decline of approximately 13.5%, marking the lowest delivery record since Q4 2022 [2] - Tesla's market share in the U.S. electric vehicle market is projected to drop from 55% in 2023 to about 49% in 2024, with a further decline to 44% in Q1 2023 [2] Group 2 - The "Big and Beautiful" bill is expected to slow the adoption of electric vehicles in the U.S. by reducing EPA and CAFE standards, thereby supporting the traditional fuel vehicle industry [2][3] - Following the announcement of the bill, shares of General Motors and Ford have risen by 7.5% and 8.8%, respectively, indicating market confidence in traditional automakers [3] - Toyota has postponed its plans to produce a new electric SUV in the U.S. until 2028, prioritizing the production of gasoline and hybrid SUVs due to weak electric vehicle demand and uncertainty around tax incentives [4]

Core Viewpoint - The relationship between President Trump and Elon Musk has become strained due to Musk's criticism of the "Big and Beautiful" tax and spending bill, which Musk believes will harm the U.S. economy and job market [1][4]. Group 1: Trump's Perspective - Trump acknowledges that he has not had much communication with Musk but considers him a smart individual who will continue to succeed [3]. - Trump suggests that Musk's frustration may stem from policies related to electric vehicles, indicating a preference for not mandating electric vehicle ownership [3]. Group 2: Musk's Criticism of the Bill - Musk has publicly criticized the "Big and Beautiful" bill, claiming it could destroy millions of jobs and cause significant damage to the country [4]. - The bill includes controversial elements such as substantial tax cuts, renewable energy subsidies, and increased military spending, which could lead to an estimated $3.8 trillion increase in federal debt over the next decade [4]. Group 3: Impact on Tesla - The proposed elimination of tax credits for electric vehicle consumers is seen as a direct threat to Tesla's business, with estimates suggesting a potential annual loss of $1.2 billion for the company if these credits are removed [4]. - Tesla's sales performance has significantly declined this year, highlighting the importance of maintaining tax incentives to sustain market demand [4].