Dow Jones opened down 0.5%, S&P 500 down 0.3%, Nasdaq down 0.2%
The US stock market opened with across-the-board declines, the Dow fell nearly 170 points, Tesla rose nearly 1%, second-quarter performance exceeded expectations; Intel fell over 2%, aiming to regain chip technology leadership by 2025.
Chinese education stocks rebounded, TAL Education rose 10.9%, Gaotu Techedu rose 10.0%, GSX Techedu rose 6.4%, New Oriental rose 7.2%.
General Electric rose 3.7%, Q2 revenue exceeded market expectations. United Parcel Service fell 5.8%, the company did not provide revenue or earnings per share forecasts, citing a future filled with uncertainty.
The US stock market opened with across-the-board declines, the Dow fell nearly 170 points, Tesla rose nearly 1%, second-quarter performance exceeded expectations; Intel fell over 2%, aiming to regain chip technology leadership by 2025.
Chinese education stocks rebounded, TAL Education rose 10.9%, Gaotu Techedu rose 10.0%, GSX Techedu rose 6.4%, New Oriental rose 7.2%.
General Electric rose 3.7%, Q2 revenue exceeded market expectations. United Parcel Service fell 5.8%, the company did not provide revenue or earnings per share forecasts, citing a future filled with uncertainty.
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101529009 一口甜
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Moomoo is so convenient, one software for trading in Singapore, USA, and domestically, and the trading fees are affordable. No need to switch between different trading systems anymore!
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101529009 一口甜
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Hi mooer,
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!
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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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$Tesla (TSLA.US)$BHP Group Ltd and Tesla sign nickel supply agreement BHP Group Ltd announced on July 22nd that it has signed a nickel supply agreement with the world-renowned sustainable energy company, Tesla. BHP Group Ltd's Nickel West will provide nickel as a raw material for battery manufacturing for Tesla.
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$Tesla (TSLA.US)$ Regarding Tesla's Q2 financial report, based on the previously disclosed new car delivery volume, it is not difficult for us to estimate its revenue situation. Tesla delivered a total of 201,250 electric vehicles in Q2, estimated to generate sales revenue of approximately around 10 billion USD based on the previous price of around 0.05 million USD per vehicle. In addition to the revenue from energy and service revenue of around 1 billion USD, and the revenue of approximately 0.5 billion USD from carbon credits, Tesla is expected to exceed 11.5 billion USD in revenue.
However, Tesla's net income may not look as good. The reason why there was a net income of 0.438 billion USD in Q1 is closely related to the popularity of Bitcoin. But the sharp drop in Bitcoin in Q2 may result in a substantial paper loss of nearly one billion USD. Therefore, the issue of Bitcoin revenue is definitely a major highlight of this financial report.
Tesla's investment in Bitcoin initially seemed like a bold and even pioneering move, but ironically, it may now stifle the company's quarterly profits, or even worse.
Are you bullish on Tesla's financial report this time?
However, Tesla's net income may not look as good. The reason why there was a net income of 0.438 billion USD in Q1 is closely related to the popularity of Bitcoin. But the sharp drop in Bitcoin in Q2 may result in a substantial paper loss of nearly one billion USD. Therefore, the issue of Bitcoin revenue is definitely a major highlight of this financial report.
Tesla's investment in Bitcoin initially seemed like a bold and even pioneering move, but ironically, it may now stifle the company's quarterly profits, or even worse.
Are you bullish on Tesla's financial report this time?
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$Tesla (TSLA.US)$
According to statistics from American media, at the beginning of this year, Tesla CEO Musk bought an average of 0.0326 million dollars to acquire 0.046 million bitcoins. And in the first quarter of this year, he sold 10% of his bitcoin holdings at a price close to the historical high of 0.0591 million dollars, totaling 4600 bitcoins, generating an income of 0.272 billion dollars, and achieving a pre-tax profit of 0.101 billion dollars in the first quarter.
Bitcoin reached a record high of $64,778 in mid-April this year, but starting from late May, the selling pressure of cryptocurrency has been increasing, and bitcoin has entered a downtrend. Finally, in June, it hit a new low of $28,901.8 for the year, halving its price in just two months.
This Tuesday, bitcoin once again fell below $30,000, dropping to around $29,300, with an intraday decline of 5%. Currently, bitcoin has returned to the $0.03 million dollar mark. Tesla's bitcoin holdings have shrunk significantly. If bitcoin continues to fall, Tesla's investment will incur losses. If the bitcoin price falls to $0.025 million, Tesla will lose 0.3 billion dollars. If it falls to $0.02 million, the loss could further expand to 0.5 billion dollars, equivalent to Tesla's entire pre-tax profit for the first quarter.
According to statistics from American media, at the beginning of this year, Tesla CEO Musk bought an average of 0.0326 million dollars to acquire 0.046 million bitcoins. And in the first quarter of this year, he sold 10% of his bitcoin holdings at a price close to the historical high of 0.0591 million dollars, totaling 4600 bitcoins, generating an income of 0.272 billion dollars, and achieving a pre-tax profit of 0.101 billion dollars in the first quarter.
Bitcoin reached a record high of $64,778 in mid-April this year, but starting from late May, the selling pressure of cryptocurrency has been increasing, and bitcoin has entered a downtrend. Finally, in June, it hit a new low of $28,901.8 for the year, halving its price in just two months.
This Tuesday, bitcoin once again fell below $30,000, dropping to around $29,300, with an intraday decline of 5%. Currently, bitcoin has returned to the $0.03 million dollar mark. Tesla's bitcoin holdings have shrunk significantly. If bitcoin continues to fall, Tesla's investment will incur losses. If the bitcoin price falls to $0.025 million, Tesla will lose 0.3 billion dollars. If it falls to $0.02 million, the loss could further expand to 0.5 billion dollars, equivalent to Tesla's entire pre-tax profit for the first quarter.
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