Tesla

Tesla CEO Elon Musk made a surprise visit to China on Sunday. A long-time Tesla bull analyst said the visit may be related to Tesla\’s launch of fully autonomous driving (FSD) software in China.

Gelonghui April 29 | Tesla (TSLA.US) rose more than 5% to US$177.48 before the market opened.

Dustin Moskowitz, co-founder of Facebook and CEO of software company Asana, posted on social media this week accusing Tesla of massive fraud and claiming someone will end up in jail.

Tesla will reportedly lay off 693 employees at its Nevada factory as part of a 10% global layoff plan announced earlier this month

Tesla may be scouting for a local partner to set up its operations in India. Highly placed sources say the US electric vehicles major is in talks with Reliance Industries for a possible joint venture to build the manufacturing facility in the country.

As of press time, the Dow futures, dominated by blue-chip stocks, rose 0.24%; the S&P 500 futures rose 0.25%; the Nasdaq 100 futures, dominated by technology stocks, rose 0.29%. Popular Chinese concept stocks rose before the market opened. European stock markets rose. As of press time, Germany’s DAX index fell 0.08%; France’s CAC40 index rose 0.39%; Britain’s FTSE 100 index rose 0.14%. In terms of commodity foreign exchange, as of press time, Brent crude oil fell 1.10% to US$86.33 per barrel. European Automobile Manufacturers Association: EU car sales hit biggest decline in 16 months in March The European Automobile Manufacturers Association said that EU car sales suffered the largest decline in 16 months in March, and Tesla‘s new car registrations in the EU fell by 30% in March. Registrations of pure electric vehicles in the EU fell by 11% to 134,400 in March; the EU’s pure electric vehicle market share fell to 13% from 14% in the same period last year. Swiss gold exports fell 6.9% month-on-month in March Swiss gold exports fell 6.9% month-on-month in March. TSMC’s Q1 net…

U.S. stock market: The three major U.S. stock indexes collectively fell. The Dow fell more than 1%, and the Nasdaq and S&P fell nearly 1%. As of the close, the Dow Jones Industrial Average fell 422.16 points from the previous trading day, closing at 38461.51 points, a decrease of 1.09 %; the Nasdaq Composite Index fell 136.28 points to close at 16170.36 points, a decrease of 0.84%. ; The S&P 500 stock index fell 49.27 points to close at 5160.64 points, a decrease of 0.95%. In terms of data, the U.S. announced before the market opened that the CPI in March increased by 3.5% year-on-year, which was higher than market expectations of 3.4% and the highest level since September 2023. Most large technology stocks fell, with Tesla falling more than 2%, Apple falling more than 1%, and Google and Microsoft following suit; Meta, Amazon, and Netflix rose slightly. The chip and semiconductor sectors were among the top decliners, with GF and NXP Semiconductors falling by more than 4%, Intel, Qualcomm, Texas Instruments, and AMD falling by more than 2%; NVIDIA…

Musk sent an all-staff email this afternoon, saying Tesla will lay off 10% of its employees worldwide. Earlier, foreign media reported that some employees said the layoff rate may be as high as 20%. However, according to verification, Tesla’s official all-employee letter was released at around 3:00 pm on April 15th, Beijing time, confirming that the layoff ratio would be 10%. Some media asked Tesla store employees in China to confirm the news. The other party said that they had not received the notification yet, but it would not have an impact on the business. Tesla has more than 140,000 employees worldwide, according to a December filing with regulators. Entering April this year, a new round of “price war” among car companies has begun. According to incomplete statistics, more than 10 brands have successively launched preferential activities since April. In addition to price reductions, consumers are attracted through various methods such as price reductions for additional equipment, separation of vehicles and electricity, and replacement subsidies. With Xiaomi Motors’ first car officially launched, priced starting at 215,900 yuan, new entrants have…