14 November 2025 | 6:00PM HKT Economics Research China Economic Activity and Policy Tracker: November 14 In this note, we update four sets of high-frequency indicators that we track: 1) consumption and mobility; 2) production and investment; 3) other macro activity; and 4) markets and policy. We publish our tracker on a bi-weekly basis. Chelsea Song +852-2978-0106 | chelsea.song@gs.com Goldman Sachs (Asia) L.L.C. 1) Consumption and mobility Exhibit 1: 30-city daily property transaction volume in the primary ...

China Auto/EV Global Markets Research EQUITY: AUTOS & AUTO PARTS Local market cooling down evident Rush deliveries rather than orders into final two months Wholesales remain heathy, while retails data indicate local demand has already started to cool down The China auto market delivered 3.0mn wholesales unit shipments (+7.5% y-y, +3.6% m- m), while retail unit shipments were 2.2mn units (-0.9% y-y, -0.1% m-m), according to CAAM and CPCA. China PV EV monthly retail sales were at 1.28mn units during the month ...

Global Markets Strategy 13 November 2025 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. J.P. Morgan does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of int ...

Accessible version The Flow Show Trading FCI, PMI & CPI Scores on the Doors: gold 58.6%, international stocks 27.5%, US stocks 14.6%, IG bonds 9.6%, HY bonds 9.4%, commodities 7.2%, govt bonds 6.7%, bitcoin 5.8%, cash 3.7%, US dollar -8.6%, oil -17.8% YTD. Tale of the Tape: record year of inflows to equity ETFs ($1.3tn annualized – Chart 3), IG bonds ($430bn), tech ($72bn), 2nd biggest inflow year ever to MMFs ($1.2tn), US large cap ($423bn), outflow losers: small cap ($64bn – record), real estate ($15bn). ...

FSD 14 is a life hackIt drives me in the horrendous Bay area traffic for over an hour perfectlyhttps://t.co/yWTFiq4576 ...

Core Insights - Tesla shareholders approved a new compensation plan for Elon Musk that could potentially be worth up to $1 trillion, contingent on the company's performance and market capitalization [2][6][13] Compensation Structure - The new compensation package is based on operational and market capitalization milestones, allowing Musk to earn up to 423.7 million shares of performance-based restricted stock awards, divided into 12 equal tranches of 35.3 million shares [4][10] - Tesla's board has set ambitious performance goals, aiming for EBITDA growth from $50 billion to $400 billion [4][10] Market Valuation Goals - Musk's long-term goal is for Tesla to achieve a market valuation of $8.5 trillion, significantly higher than its current market value of approximately $1.4 trillion [5][12] - Achieving these goals within a 10-year timeframe could result in Musk receiving an estimated $1 trillion in gross proceeds [6][12] Shareholder Alignment - The compensation structure aligns Musk's interests with those of Tesla shareholders, as he must meet specific operational achievements to qualify for the full payout [10][13] - A significant majority of shareholders (77%) voted in favor of the new compensation plan, indicating strong support for the alignment of Musk's incentives with shareholder goals [13][14]

🚨 NEWS: Tesla is cutting all China-made parts from U.S. carsTesla has already replaced some parts and plans to remove all within 1–2 years. The move comes after COVID supply disruptions, new tariffs, and rising US-China tensions.China makes many cheap auto parts, chips, batteries, and materials, but Tesla wants to avoid unpredictable tariffs and supply risks.LFP batteries from CATL were especially hard to replace, but Tesla is building them in the U.S., with production in Nevada starting early 2026.Source: ...

Core Viewpoint - Warren Buffett, the legendary investor, is set to retire as CEO of Berkshire Hathaway, marking the end of a significant investment career, with Berkshire's performance having outpaced the S&P 500 historically, though returns have recently converged sharply [1] Apple - Berkshire Hathaway's investment in Apple, initiated in early 2016, is now valued at $77 billion, constituting 24% of its portfolio [3] - Apple has lagged in generative AI, recently agreeing to pay Google $1 billion annually for its large language model technology to enhance Siri, highlighting its struggle to keep pace with competitors [5] - In the current fiscal year, Apple has spent only $14 billion on capital expenditures, significantly less than Microsoft and Meta Platforms, which spent $94 billion and $70 billion respectively [6] - Apple's leadership appears more focused on short-term stock price returns, planning a $100 billion stock repurchase, rather than investing in innovation for future growth [7] Sirius XM - Berkshire Hathaway owns over 35% of Sirius XM, which has seen its shares decline by 64% over the past five years due to disruption in the radio industry [8][9] - Despite being a monopoly in satellite radio, Sirius XM faces significant competition from new in-car entertainment options, leading to its declining relevance [10] - The company's third-quarter revenue fell approximately 1% year-over-year, with adjusted EBITDA decreasing by 2% to $676 million, indicating challenges in maintaining growth and long-term viability [11]

针对网上的声音，雷军不得不找出 2023 年底和 2024 年初所发布内容以自证清白。他还提到 "网上有不 少人断章取义、歪曲抹黑"。 今日（11 月 16 日），小米创办人，董事长兼 CEO 雷军连发多条微博，重申小米汽车安全标准 —— 安 全是基础，安全是前提。 2023 年 12 月 28 日，雷军在微博上表示，小米汽车采用最严苛的安全标准来设计，车身采用钢铝混合 车身，高强钢和铝占比超过 90%，高强钢最高的强度 2000MPa。整车扭转刚度达 51000Nm / deg。 IT之家注意到，雷军同日还在另外一条微博中强调，电池是电动车最核心，也是最贵的部件，小米采用 了最严苛的安全标准。 2024 年 1 月 3 日，雷军再次发微博表示： "小米汽车，安全高于一切。被动安全、主动安全、电池安 全、隐私安全，四重保障，全面守护。" 雷军他表示，早在小米 SU7 发布之前， 小米汽车就视"安全高于一切"为理念，无论是车身，还是电池 都采用最严苛安全标准。 在去年 4 月的一次采访中，我在谈产品定义时说，"一辆车，好看是第一位的"，这和"安全 是基础、安全是前提"矛盾吗？还是在这次采访，我谈设计时候说轮毂最 ...

The Italian scooter brand briefly made a 14-horsepower car. https://t.co/CyUgYmh9jU ...