Core Viewpoint - Korean investors are increasingly buying Chinese stocks, with significant growth in trading volumes and a focus on technology sectors such as electric vehicles, artificial intelligence, and semiconductors [1][3][4] Group 1: Investment Trends - In February, Korean investors' trading volume in A-shares and Hong Kong stocks reached $782 million, a nearly 200% increase month-on-month, marking the highest level since August 2022 [3][4] - Chinese stocks occupied six of the top ten positions in net purchases by Korean investors from February 17 to 28, primarily in leading technology companies [3][4] - The return of foreign capital to the Chinese market is noted, with both short-term and long-term investors showing interest, particularly in the Hong Kong technology sector [1][6] Group 2: Market Performance - The performance of Chinese index ETFs listed on the Korean exchange has been strong, with the top ETF gaining 62.8% in the past month, contrasting sharply with less than 10% returns from U.S. index ETFs [4] - The A-share Science and Technology Innovation 50 Index has risen over 16% since January 13, while the Hang Seng Technology Index has increased by 43%, significantly outperforming other major stock indices [7] Group 3: Valuation and Future Outlook - Despite substantial gains, the average price-to-earnings ratio of China's "seven giants" in technology is 32.3 times, still lower than the 37.6 times for Nvidia, indicating potential for further appreciation [8][9] - Analysts predict that the Chinese AI sector's market value could rise from $350 billion to $480 billion by 2028, driven by technological advancements and supportive macroeconomic policies [8][9] - The overall sentiment among foreign investors is optimistic, with expectations of continued interest in Chinese assets and potential annual returns of 7.8% over the next 10 to 15 years [9][10]

以下文章来源于华尔街见闻 ，作者张雅琦 华尔街见闻 . 华尔街见闻App是中国领先的金融信息和商业资讯提供商，为用户甄选国内和全球重要资讯，7*24小时全年不间断。 来源｜华尔街见闻 作者｜张雅琦 自马斯克加入特朗普政府担任高级顾问以来，特斯拉正面临前所未有的舆论危机。 从充电站被纵火，到展厅遭枪击，再到车主因马斯克的政治立场而感到羞辱……一系列事件将这家电动汽车巨头推向风口浪尖。 资本市场的质疑声浪同步升级： 摩根大通将特斯拉目标股价大幅下调至135美元，对应估值缩水至4000亿美元水平；瑞银的分析师也表示，特斯拉 的估值"继续让我们感到困惑"，该公司在自动驾驶汽车或人形机器人方面面临着巨大的风险。 尽管特斯拉在1月30日的财报电话会上描绘了宏伟蓝图——计划2025年上半年推出定价低于Model 3/Y的"平价车型"，并承诺6月在奥斯汀启动完全 无人监管的自动驾驶商业化运营，但这些承诺的兑现能力遭受越来越多的质疑。 Ludicrous一书的作者Edward Niedermeyer认为，特斯拉的业务已经达到顶峰，而机器人出租车和机器人等新业务的前景仍然遥远。 特斯拉投资者 担心的是，马斯克是否已经将这个顶峰变 ...

自马斯克加入特朗普政府担任高级顾问以来，特斯拉正面临前所未有的舆论危机。 从充电站被纵火，到展厅遭枪击，再到车主因马斯克的政治立场而感到羞辱……一系列事件将这家电动汽车巨头推向风口浪尖。 资本市场的质疑声浪同步升级： 摩根大通将特斯拉目标股价大幅下调至135美元，对应估值缩水至4000亿美元水平；瑞银的分析师也表示，特斯拉的估值"继 续让我们感到困惑"，该公司在自动驾驶汽车或人形机器人方面面临着巨大的风险。 尽管特斯拉在 1月30日的财报电话会 上描绘了宏伟蓝图——计划2025年上半年推出定价低于Model 3/Y的"平价车型"，并承诺6月在奥斯汀启动完全无人监管的 自动驾驶商业化运营，但这些承诺的兑现能力遭受越来越多的质疑。 Ludicrous一书的作者Edward Niedermeyer认为，特斯拉的业务已经达到顶峰，而机器人出租车和机器人等新业务的前景仍然遥远。 特斯拉投资者担心的是， 马斯克是否已经将这个顶峰变成了悬崖。 今年迄今，特斯拉股价已跌超30%。自特朗普上台以来，特斯拉的股价已下跌近三分之一。 暴力事件频发：特斯拉成"泄愤"目标 自特朗普上任以来，针对特斯拉设施的暴力和破坏行为显著增加。特斯 ...

当地时间3月3日（周一），美股三大指数大幅震荡，跌幅一度均超过2%。截至收盘，道指跌1.48%，纳指跌2.64%，标普500指数跌1.76%。 美国总统特朗普表示，对等关税将于4月2日开始征收，美国对墨西哥和加拿大商品征收25%的关税将于3月4日生效。 经济数据表明，美国2月制造业活动增长几近停滞，原料支付价格指标创逾两年最高，未来预示通胀压力增大。 热门科技股多数下跌，超微电脑跌超13%，英伟达、ARM跌超8%，台积电、英特尔跌超4%，亚马逊、美光科技跌超3%，特斯拉、高通、微软跌超2%。 美股震荡下跌 当地时间3月3日（周一），美股三大指数大幅震荡，跌幅一度均超过2%。美国总统特朗普当地时间3月3日下午有关加征关税的表态刺激美股市场恐慌情绪升高。截 至收盘，道指跌649.67点，跌幅为1.48%，报43191.24点；纳指跌497.09点，跌幅为2.64%，报18350.19点；标普500指数跌104.78点，跌幅为1.76%，报5849.72点。 当地时间3月3日，美国总统特朗普表示，对等关税将于4月2日开始征收，美国对墨西哥和加拿大商品征收25%的关税将于3月4日生效。 特朗普表示，对墨西哥和加拿大的 ...

Core Viewpoint - The article highlights the strong performance of leading electric vehicle manufacturers in February, indicating a positive trend in the electric vehicle industry despite ongoing cyclical adjustments and price pressures [1][4]. Group 1: Sales Performance - In February, major electric vehicle manufacturers reported significant sales figures, with BYD selling 322,846 units (up 161.4% year-on-year, up 8.9% month-on-month), Xpeng delivering 30,453 units (up 570% year-on-year, up 0.3% month-on-month), Li Auto with 26,263 units (up 29.7% year-on-year, down 12.2% month-on-month), Leap Motor at 25,287 units (up 285.1% year-on-year, up 0.5% month-on-month), and Aion with 20,863 units (up 25.1% year-on-year, up 45% month-on-month) [2]. - The overall sales growth in January and February is notable, contrasting with previous years where the electric vehicle industry typically underperformed during this period due to the Spring Festival and market off-season [2]. Group 2: Industry Dynamics - The market is showing a clear trend of differentiation, with leading companies maintaining their strong positions. The growth in the electric vehicle industry is increasingly favoring top-tier companies, which have shown more robust performance during both industry pressures and recoveries [3]. - The strong sales in the downstream automotive market are positively impacting the upstream battery and materials sectors, leading to an upward revision in production and shipment forecasts for battery and material manufacturers [3]. Group 3: Price and Competitive Landscape - Despite the positive sales trends, the industry has not fully escaped the cyclical adjustment challenges, with limited room for price increases in the supply chain. Some equipment manufacturers are still facing significant pricing pressures in competitive bidding [5]. - The ongoing price war in the industry is creating difficulties for companies, particularly smaller lithium battery firms, leading to challenges in profitability and operational efficiency. The article suggests that technological and product strengths are essential for companies to escape low-end and homogeneous competition [5].

要闻提示 NEWS REMIND 1.传奔驰中国裁员15%！赔偿N+9，全球9万员工奖金打折 2. 纵目科技创始人回应跑路传闻：没有失联，正在寻求海外融资，可能性更多元 3. 前员工谈梁文锋：他视我们为专家，一起学习，没有996，下放管理权 4. 网传菜鸟开启大规模裁员：比例20-50%，周一谈周四走，被证实消息不实 5.苏州知名芯片公司合芯科技爆雷，董事长跑路被限高，自研高端CPU成泡影 6.TikTok吸金能力再创记录，成为历史首个年应用内消费达60亿美元的产品，是第二名的2倍多 7.曝苹果首款折叠屏iPhone誓要「零折痕」，三星、安费诺联手攻关 8.英伟达凌晨发布财报，业绩超预期，黄仁勋感叹：需求惊人 今日头条 HEADLINE NEWS 传奔驰中国裁员15%！赔偿N+9，全球9万员工奖金打折 2月26日，车fans创始人孙少军透露，BBA中的一家厂商已开始人员优化，并且今年是第一年，之后两年会持 续调整，"这家车企今年优化人员占比超过10%，给N+10补偿。"同一天，多个信源表示奔驰中国区开启了大 规模裁员，并对被裁员工给出了N+9的丰厚赔偿金。对于这些消息，截至发稿前，官方并未给出回应。 据悉，小 ...

Core Viewpoint - Elon Musk's political actions are negatively impacting Tesla's sales, brand loyalty, and investor confidence [1][8] Sales Performance - Tesla's sales in Europe dropped by 45% in January, marking the first annual global delivery decline in over a decade [4] - In California, Tesla's sales fell by 12% last year due to Musk's attacks on state leadership [5] - In Germany, Tesla registrations decreased by 41% last year and 59% in January [6] - In the UK, Musk's political stance has led to negative perceptions, affecting sales [7] Brand Perception - A Bloomberg survey indicated a significant decline in consumer sentiment towards Musk, with his approval rating dropping markedly compared to four years ago [9] - Protests against Musk's actions have occurred across various states, indicating a growing backlash against the brand [10] - Pew Research found that most Americans hold a negative view of Musk, with many believing he has too much influence on U.S. decision-making [11] Market Competition - As Tesla's market share declines, competitors like Honda and Hyundai have gained significant market share in California [20] - In Germany, brands like Volkswagen and BMW saw increased sales in January [21] - Lucid Group and Polestar are targeting dissatisfied Tesla customers, indicating a shift in competitive dynamics [22][23] Future Outlook - Despite recent challenges, Tesla management remains optimistic about sales recovery, projecting a growth of 20% to 30% [13] - The Model Y production adjustments have contributed to early-year sales struggles, but new, cheaper models are expected to begin production soon [14][15]

" 特斯拉的 Robotaxi 不会从 Uber 手中夺取大量市场份额。 " 特斯拉2024 年的销量（180 万辆）与 2023 年（也是 180 万辆）相比没有增长。记忆力较好的 人记得，特斯拉曾宣称到 2030 年每年交付 2000 万辆汽车，但在2024 年 5 月悄悄删除了这一 既定目标。 作者 | Oriental Trader 编译 | 华尔街大事件 自 2025 年 1 月 2 日以来，特斯拉公司 ( NASDAQ：TSLA )的股价已下跌约 10% ，从每股 380-390 美元跌至 2025 年 2 月 21 日的 337 美元/股，远低于 2024 年圣诞节前后每股 490 美 元的高点。 特斯拉的 Robotaxi 不会从 Uber ( UBER ) 手中夺取大量市场份额。 一旦市场意识到 Robotaxi 的故事不太可能大幅推动特斯拉的增长故事，特斯拉的市值应该会恢复到与其他汽车 公司相当的水平。 | | | | Market cap Global Auto sales (in mn) Net margins (%) Revenue (bn) Net income (bn) | | ...

撰文 / 钱亚光 设计 / 师 超 来源 / i n si d e e v s. c o m , t h e d r i v e n . i o , e n h a u t o . c o m 特斯拉是最早从自家汽车上移除众多实体按键的品牌之一，新款 Model 3 也是如此。但有人认为，当特斯拉决定从方向盘上移除转向灯杆时，这一举措 做得有些过头了。 在特斯拉最新车型——即将于未来几周开始交付的重新设计版 Model Y 上，尽管移除了换挡杆，但已从主流特斯拉车型中消失不见的转向灯杆，又出现 在了车上。 然而，如果特斯拉在 Model 3 车型上重新采用转向灯控制杆设计，这一决定将与该公司近期的设计理念保持一致。 最近，电动汽车行业观察人士、特斯拉汽车相关资讯可靠来源提供者郑小康（Chris Zheng）在X上爆料称："Model 3 将很快配备实体转向灯杆。" 特斯拉承认转向杆是删多了 左起：杰伊·莱诺、拉尔斯·莫拉维、弗朗茨·冯·霍尔兹豪森 ▼ 在美国著名脱口秀节目主持人兼汽车收藏家杰伊·莱诺（Jay Leno）主持的最新一期《杰伊·莱诺的车库（Jay Leno's Garage）》节目中，特斯拉汽车工 ...

特斯拉新 Model Y 在上海工厂量产，考验特斯拉品牌护城河的时间到了。 特斯拉需要一款畅销车提升销量、提振信心，相比新车型，全球 "销冠" Model Y 的焕新版是更稳 妥的选择。2 月 18 日，这款预告了一月余的改款车型在上海超级工厂量产，2 月下旬开始交付，比 此前市场预测的 3 月略有提前。 这是 Model Y 2020 年发布后第一次 "重大更新"。它把百公里能耗从老款的 12.5 度降至 11.9 度，最 大续航里程增至 719 公里，同时全系标配了自动辅助驾驶硬件。另外，空间、内饰、操控和舒适性 上做了微调。去年，Model Y 在中国销量超过 48 万台。 百度 2024 年广告业务下滑。 百度今日发布了 2024 年第四季度及全年财报，2024 年全年总营收为 1331 亿元，同比微跌 1%，净 利润 234 亿元人民币，同比增长 21%，而排除了一次性因素影响的非 GAAP 营业利润下滑了 8%。 AI 相关的业务有一定增长，文心大模型日均调用量同比增长了 33 倍，四季度智能云业务同比增长 了 26%，最近一周内，百度陆续宣布了文心大模型开源、免费的关键策略调整。占据营收超一半 ...