[The Dow opened down 0.5%, the S&P 500 fell 0.3%, and the NASDAQ fell 0.2%]
US stocks fell across the board at the opening of the session. The Dow fell nearly 170 points, Tesla rose nearly 1%, and second-quarter results exceeded expectations; Intel fell more than 2%, hoping to regain its leading position in chip technology in 2025.
China's education stocks rebounded. Good Future rose 10.9%, Gaotu rose 10.0%, Park Sun Education rose 6.4%, and New Oriental rose 7.2%.
General Electric rose 3.7%, and Q2 revenue exceeded market expectations. United Parcel dropped 5.8%. The company did not provide revenue or earnings per share expectations, saying the future is full of uncertainty.
US stocks fell across the board at the opening of the session. The Dow fell nearly 170 points, Tesla rose nearly 1%, and second-quarter results exceeded expectations; Intel fell more than 2%, hoping to regain its leading position in chip technology in 2025.
China's education stocks rebounded. Good Future rose 10.9%, Gaotu rose 10.0%, Park Sun Education rose 6.4%, and New Oriental rose 7.2%.
General Electric rose 3.7%, and Q2 revenue exceeded market expectations. United Parcel dropped 5.8%. The company did not provide revenue or earnings per share expectations, saying the future is full of uncertainty.
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101529009 一口甜
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Moomoo is really convenient. There is a software that handles transactions in Singapore and the US, and the transaction fees are affordable, so there's no need to switch back and forth between different trading systems!
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101529009 一口甜
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Hi mooer,
Huat lah! Welcome to moomoo community!
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People are sharing their Daily Profit & Loss in moomoo community:...
Huat lah! Welcome to moomoo community!
Here in moomoo, traders from all over the world share personal investing experiences and concepts with new and old friends.
You can see in-depth investment reviews, daily profit & loss, trading disciplines, the processes for building a personal trading system and more!
Many interesting things are happening now, let me show you around!
Wanna see how everyone else is doing?
People are sharing their Daily Profit & Loss in moomoo community:...
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$TSLA.US$
[BHP Billiton signs nickel supply agreement with Tesla] BHP Billiton announced on July 22 that it has signed a nickel supply agreement with Tesla, a world-renowned sustainable energy company. Nickel West (Nickel West), a subsidiary of BHP Billiton, will supply Tesla with nickel as a raw material for battery manufacturing.
[BHP Billiton signs nickel supply agreement with Tesla] BHP Billiton announced on July 22 that it has signed a nickel supply agreement with Tesla, a world-renowned sustainable energy company. Nickel West (Nickel West), a subsidiary of BHP Billiton, will supply Tesla with nickel as a raw material for battery manufacturing.
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$TSLA.US$ Regarding Tesla's Q2 earnings report, in fact, based on the volume of new car deliveries announced earlier, it is not difficult for us to estimate his revenue situation. Tesla Q2 delivered a total of 201,250 electric vehicles. Based on the previous bicycle price of around 50,000 US dollars, its sales volume was about 10 billion US dollars. In addition to the revenue from energy and maintenance services, about 500 million US dollars, and the revenue from carbon credits, Tesla's revenue is likely to exceed 11.5 billion US dollars.
However, Tesla's net profit may not be that impressive. The reason why Q1 had a net profit of 438 million US dollars is inseparable from the popularity of Bitcoin. However, Bitcoin's sharp decline in Q2 is likely to cause it to lose nearly 100 million US dollars in books. Therefore, Bitcoin's revenue issue is definitely one of the highlights of this financial report.
At first, Tesla's investment in Bitcoin seemed like an adventurous and even world-leading move. Ironically, it may now kill the company's profit for a quarter, or even worse.
Are you optimistic about Tesla's current earnings?
However, Tesla's net profit may not be that impressive. The reason why Q1 had a net profit of 438 million US dollars is inseparable from the popularity of Bitcoin. However, Bitcoin's sharp decline in Q2 is likely to cause it to lose nearly 100 million US dollars in books. Therefore, Bitcoin's revenue issue is definitely one of the highlights of this financial report.
At first, Tesla's investment in Bitcoin seemed like an adventurous and even world-leading move. Ironically, it may now kill the company's profit for a quarter, or even worse.
Are you optimistic about Tesla's current earnings?
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$TSLA.US$
According to US media statistics, at the beginning of this year, Tesla CEO Musk bought 4.6 million bitcoins at an average price of 3.26 million dollars. It also sold 10% of its Bitcoin holdings, or 4,600 bitcoins, at a price close to an all-time high of $591,000 in the first quarter of this year, bringing in revenue of $272 million and achieving pre-tax profit of $101 million in the first quarter.
Bitcoin reached a record high of $6,4778 in mid-April this year, but starting in late May, the selling pressure on cryptocurrencies continued to increase. Bitcoin began a downward pattern, and eventually recorded a new annual low of $28,901.8 in June, and its price fell by half in just two months.
Bitcoin once again fell below $30,000 this Tuesday, and plummeted to a minimum of around $29,300, with an intraday decline of 5%. At present, Bitcoin has once again reached the $30,000 mark. Tesla's Bitcoin holdings have shrunk drastically. If Bitcoin continues to fall, Tesla's investment will lose money. If the price of Bitcoin falls to 25,000 US dollars, Tesla will lose 300 million US dollars. If it falls to 20,000 US dollars, the loss may further expand to 500 million US dollars, which is equivalent to Tesla's total profit before tax in the first quarter
According to US media statistics, at the beginning of this year, Tesla CEO Musk bought 4.6 million bitcoins at an average price of 3.26 million dollars. It also sold 10% of its Bitcoin holdings, or 4,600 bitcoins, at a price close to an all-time high of $591,000 in the first quarter of this year, bringing in revenue of $272 million and achieving pre-tax profit of $101 million in the first quarter.
Bitcoin reached a record high of $6,4778 in mid-April this year, but starting in late May, the selling pressure on cryptocurrencies continued to increase. Bitcoin began a downward pattern, and eventually recorded a new annual low of $28,901.8 in June, and its price fell by half in just two months.
Bitcoin once again fell below $30,000 this Tuesday, and plummeted to a minimum of around $29,300, with an intraday decline of 5%. At present, Bitcoin has once again reached the $30,000 mark. Tesla's Bitcoin holdings have shrunk drastically. If Bitcoin continues to fall, Tesla's investment will lose money. If the price of Bitcoin falls to 25,000 US dollars, Tesla will lose 300 million US dollars. If it falls to 20,000 US dollars, the loss may further expand to 500 million US dollars, which is equivalent to Tesla's total profit before tax in the first quarter
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