大家早上好！这里是今天的早报，每天早上，我都会在这里跟你聊聊昨夜今晨发生了哪些大事儿。 本 栏目由虎嗅出品。 热点追踪 【特朗普称对马斯克"非常失望"，马斯克光速回怼：法案没给我看过】 据央视新闻，当地时间6月5日，美国总统特朗普谈及马斯克，称不知道还能不能与其保持良好的关系。特朗普 当天表示，对马斯克"非常失望"。 特朗普表示，他宁愿马斯克批评他，而不是批评他的税改法案。特朗普称，马斯克对特朗普政府撤销电动汽 车"强制令"感到很不高兴。据悉，特朗普政府也撤回了对马斯克推荐的艾萨克曼担任美国国家航空航天局 （NASA）局长的提名。特朗普表示，即使没有马斯克，他也能赢得宾夕法尼亚州。特朗普表示，马斯克目前 没有说过他个人的坏话，但他相信接下来就会了。 特朗普当天还表示，埃隆·马斯克了解"宏大而美丽"法案的内部运作，且对此毫无异议，直到发现要撤销电动 汽车"强制令"才意识到问题。 在特朗普发表对马斯克的评价后，马斯克迅速在社交媒体上回应并反驳称，"大错特错，这项法案一次也没有 给我看过，而且是在深夜迅速通过的！" 【国足客场不敌印尼，确定无缘2026世界杯】 据央视体育，北京时间6月5日，世预赛亚洲区第三阶段C组 ...

特朗普和马斯克"掰了"？ 当地时间6月5日，美国总统特朗普罕见谈及特斯拉CEO马斯克，称不知道还能不能与其保持良好的关系。特朗 普表示，对马斯克"非常失望"。特朗普表示，他宁愿马斯克批评他，而不是批评他的税改法案。 对此，马斯克通过社交媒体平台表示，税改案从未向他展示过，法案是在深夜迅速通过的，几乎没有国会议员 能够看到，对于特朗普的批评马斯克表示"无所谓"。 在特朗普与马斯克公开骂战后，马斯克又在社交媒体上公开表态，认为美国总统特朗普应该被弹劾。此外，马 斯克还表示，如果没有他的帮助，特朗普无法成功赢得总统选举。 受此影响，特斯拉一度暴跌超17%， 截至当日收盘， 暴跌14.26%， 创下自2020年以来的最大单日跌 幅，市值蒸发超过1500亿美元。 此外，特朗普对拜登动手了。当地时间4日，特朗普正式下令调查前美国总统拜登时期的政府团队，是否使用 了自动签名笔来代替总统签署赦免令等重要总统文件，并有意隐瞒了拜登认知能力下降的情况。特朗普在行政 命令中写道："这一阴谋构成了美国历史上最危险、最令人担忧的丑闻之一。"对此，拜登当天表示谴责，称相 关说法"荒谬"，是在分散注意力。他在声明中称："在我的总统任期内， ...

01 大盘 昨夜美股三大股指集体收跌。截至收盘，道指跌 0.25%，纳指跌 0.83%，标普跌 0.53%。恐慌指数VIX 涨 4.94%至18.48。美元指数昨日跌 0.09%，报98.74。美国十年国债收益率涨0.849%，收报4.393%，相 较两年期国债收益率差47.1个基点。现货黄金昨日跌 0.58%，报3352.65美元/盎司。布伦特原油收涨 0.62%至65.24。 02 行业&个股 行业板块方面，除通讯收涨0.14%外，标普其他9大板块悉数收跌：日常消费、原料、半导体、科技、 公用事业、医疗、能源、工业和房地产分别收跌0.96%、0.59%、0.42%、0.28%、0.16%、0.14%、 0.1%、0.07%和0.02%。 中概股多数收跌，KWEB涨0.85%，台积电涨 0.46%，阿里涨 0.43%，拼多多跌 0.32%，京东跌 0.72%， 理想跌 0.64%，小鹏跌 1.91%， 富途跌 4.07%，蔚来跌 3.47%。 大型科技股涨跌互现。微软涨 0.82%，英伟达跌 1.36%，苹果收跌 1.08%，美国上诉法院驳回苹果暂停 执行App Store整改命令的请求。亚马逊涨 0.33 ...

Core Viewpoint - The public feud between Tesla CEO Elon Musk and former President Donald Trump highlights the tensions surrounding the proposed spending bill, known as the "Big Beautiful Bill," which Musk criticizes for its potential negative impact on the electric vehicle industry and federal budget deficit [1][7][14]. Group 1: Musk's Criticism of Trump's Policies - Musk has openly criticized the spending bill, claiming it will exacerbate the federal budget deficit, potentially reaching $2.5 trillion [14]. - He argues that the bill retains cuts to electric vehicle and solar tax incentives, which he finds unfair [9]. - Musk has called for the public to contact Congress to oppose the bill, emphasizing the urgency of the situation [17]. Group 2: Trump's Response to Musk - Trump expressed disappointment in Musk, stating that Musk had previously shown no objections to the bill until it threatened the electric vehicle mandate [2][7]. - Trump suggested that Musk's criticism stems from the removal of the electric vehicle mandate, which he claims was financially beneficial for the electric vehicle sector [7]. - Trump hinted at the possibility of terminating government contracts with Musk's companies, citing potential savings of billions [2]. Group 3: Relationship Dynamics - The relationship between Musk and Trump has soured, with Musk previously supporting Trump during the election but now openly opposing his policies [7][8]. - Trump's administration had previously nominated Musk's ally, Isaacman, for a NASA position, but this nomination was withdrawn, further straining their relationship [8]. - Musk's social media posts indicate a significant shift in his stance towards Trump, suggesting a breakdown in their previously amicable relationship [9][10].

在5月底尼泊尔政府公布的2025—2026财年预算方案中，电动汽车、混动汽车现有税率保持不变。此举 打破了此前各方对尼政府可能上调新能源汽车进口关税的猜测，极大缓解了市场焦虑情绪，也体现了尼 政府对清洁能源、可持续交通的承诺。 近年来，得益于尼泊尔政府的大力推广，尼泊尔电动汽车市场快速增长。尼泊尔政府计划到2025年实现 电动汽车销量占私人乘用车25%的目标，并力争到2030年将这一比例提升至90%；强制要求超20年车龄 的燃油车必须报废，部分地方政府还要求新出租车必须为电动汽车，同时，银行可提供最高达到车价 90%的电动汽车购车贷款。 尼泊尔政府5月中旬批准了《国家自主贡献3.0》，在"气候承诺"专章中进一步明确提出，将在2035年把 新能源汽车占比提至95%。其中，私家摩托、四轮车辆中新能源占比达到95%，商业公交车辆中新能源 占比达到90%。而目前，尼泊尔新能源汽车整体占比仅为12.38%，缺口大，潜力也大。 尼泊尔政府大力推广电动汽车，除了看中电动汽车能够为本国创造经济、环保等多重价值，更看中电动 汽车与尼泊尔独特能源结构的适配性。尼泊尔位于喜马拉雅山脉南麓，水力资源富集，电价低廉，90% 的电力供应 ...

Group 1 - Tesla's stock price decreased by 5.18% to $314.85 per share, with a trading volume of $5.938 billion and a total market capitalization of $1,014.118 billion as of June 5 [1] - As of March 31, 2025, Tesla reported total revenue of $19.335 billion, a year-over-year decrease of 9.23%, and a net profit attributable to shareholders of $409 million, down 70.58% year-over-year [1] Group 2 - Tesla is scheduled to release its fiscal year 2025 mid-year report on July 22, with the actual disclosure date subject to company announcement [2] - Founded on July 1, 2003, Tesla is an American electric vehicle and energy company that designs, develops, manufactures, sells, and leases high-performance all-electric vehicles and energy generation and storage systems [2] - Tesla aims to launch electric vehicles to cater to a wide consumer and commercial vehicle market, including models such as Model 3, Model Y, Model S, Model X, Cybertruck, Tesla Semi, and a new Tesla Roadster [2]

Group 1 - The report released by Peking University National School of Development and other institutions highlights a significant increase in China's online consumption brand index (CBI), rising from 59.42 in Q1 2023 to 63.38 in Q1 2025, indicating a notable recovery in consumption quality [1][3] - The report emphasizes that China's large-scale market advantages are becoming increasingly prominent, making it a core market for global brand strategies [3][10] - Both domestic and foreign brands are thriving in the Chinese market, showcasing a successful integration into consumer lifestyles through advanced technology and strong brand influence [4][6] Group 2 - The report utilizes a multi-dimensional evaluation standard based on platforms like Taobao, assessing brand quality through sales, pricing, search, and reviews, which reflects the current development status of brands [4][9] - Chinese brands are successfully breaking into global markets, with examples like BYD leading in electric vehicle manufacturing and DJI in the drone industry, demonstrating the effectiveness of technological innovation [6][7] - The integration of traditional cultural elements into product design is attracting international consumers, as seen in the fashion industry where traditional Hanfu elements are combined with modern aesthetics [6][9] Group 3 - Despite the achievements, challenges remain for Chinese brands in the global market, including cultural differences, trade barriers, and increasing international competition [7][9] - The report stresses the importance of continuous investment and innovation in brand building, as China still faces "bottleneck" issues in high-end technology [9][10] - The certainty of the Chinese consumer market, driven by a large population and supportive policies, is seen as a major attraction for both domestic and international brands [10][12]

16000家小米之家并不是终点。 作者丨 雪银 编辑丨 相辉 今年618还没落幕，国补却提前下线了。 近期多地国补陆续按下"暂停键"。以率先调整的江苏省为例，自6月1日起，其线上国补取消，线下国补以 每日限额的方式发放，消费者需提前在相关平台领补贴资格券，且补贴仅适用于家电及3C产品。同样取消 线上国补的还有河北、甘肃及广东的大部分地区，山西省实行每日限量领券补贴，重庆国补已于6月4日零 点停止，成为全国第一个国补资金使用完毕下线的地区。 今年年初，本轮国补政策正式落地，个人消费者在购买手机、平板、智能手表（手环）等三类数码产品 时，若产品单价不超过6000元，则可享受产品销售价格15%的补贴，每位消费者每类产品限购1件，补贴 上限为500元。 Counterpoint数据显示，1月20日至1月26日，国补落地仅一周，国内智能手机销量同比增长约65%，出 货量超950万部，其中2000-5000元价位段的智能手机销量增长尤为显著。 在国补政策推动下，2025年第一季度中国智能手机市场延续了自2024年以来的复苏态势，总出货量达 7090万部，同比增长5%。值得注意的是，小米凭借其越来越硬核的产品实力和政策红利 ...

Group 1: New Consumption Sector Performance - The new consumption sector in Hong Kong has seen significant volatility, with stocks like Laopuhuangjin, Maogeping, and Mixue Group experiencing declines of over 9%, 8%, and 7% respectively [1] - The "four flowers of Hong Kong stocks" including Pop Mart, Mixue Ice City, Laopuhuangjin, and Maogeping reached a combined market capitalization of 798.2 billion HKD as of June 4 [1] - Year-to-date stock performance shows Pop Mart with a rise of 174.4%, Mixue Group at 134.9% since its listing on March 3, Laopuhuangjin at 324.2%, and Maogeping at 127.4% [3] Group 2: U.S. Market and Economic Policies - Elon Musk has publicly criticized Trump's tax reform, urging Americans to oppose it, as it could negatively impact the electric vehicle industry, particularly Tesla [5] - The "Beautiful Tax Law" proposed by Trump includes a clause that imposes a 20% additional tax on foreign investors, which may deter investment in U.S. assets and shift capital to Europe [5] - Goldman Sachs predicts that the trend of investors withdrawing from U.S. assets could lead to a capital inflow of 1.2 trillion euros (approximately 1.4 trillion USD) into European stock markets over the next five years [9] Group 3: Hedge Fund Activity - Following a significant market downturn in April, hedge funds have begun to re-enter the market as stock prices recover [6] - In May, U.S. stocks recorded their largest monthly gain in nearly 30 years, with hedge funds increasing their positions in global equities at the fastest pace in six months [7] - European stock markets have gained attention, with eight out of the ten best-performing markets globally being from Europe, driven by a shift in investor sentiment [8] Group 4: A-Share Market Trends - In May, A-share new account openings totaled 1.5556 million, a decrease of 19.16% month-on-month but a 23% increase year-on-year [11] - The trend in new account openings reflects market sentiment, with a recovery observed in the A-share market supported by institutional investments [12] - The monthly data indicates that new account openings are correlated with market performance, showing a general upward trend compared to the previous year [16]

Group 1: Technology and Innovation - The core battlefield of the US-China rivalry is in the technology sector, particularly in areas like artificial intelligence, semiconductors, and 5G [2] - Despite US sanctions, China has made significant strides in technology self-sufficiency, exemplified by Huawei's development of the Kirin 9000s chip and the launch of the DeepSeek R1 AI model, which outperformed some US models [4][5] - China's commitment to increasing R&D investment in core technologies like semiconductors and AI is expected to enhance its competitiveness [5] Group 2: Trade Relations - The trade war initiated by the Trump administration in 2018 has not subsided, with tariffs imposed on hundreds of billions of dollars of Chinese goods [7] - China has responded to US tariffs by imposing its own tariffs on US agricultural and industrial products, showcasing its economic resilience [9] - The potential for negotiation and compromise remains, as evidenced by the temporary suspension of certain tariffs during Geneva talks [9] Group 3: Global Supply Chain and Manufacturing - The US has attempted to exclude China from global supply chains, but China's position as the "world's factory" remains strong due to its superior infrastructure and production efficiency [11][12] - In the electric vehicle sector, BYD is projected to surpass Tesla as the largest EV manufacturer by 2024, indicating China's growing influence in this market [13] Group 4: Military Dynamics - China's military modernization, including advancements in missile technology and aircraft, demonstrates its growing military capabilities [15] - The US continues to conduct military operations in the South China Sea, but both nations have shown restraint in escalating military tensions [17] Group 5: Overall Economic Outlook - The US faces challenges such as manufacturing hollowing out and rising social tensions, while China is steadily advancing its economic reforms and expanding its international relationships [19] - The strategic patience and resilience of China may lead to a potential shift in the balance of power, allowing it to break the US's dominant position in the future [19]