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Good morning mooers! Here are things you need to know about today's market:
●Market Rebound Fizzles as S&P 500, Dow Jones, and Nasdaq Slide into Correction Territory
●Malaysia's International Reserves See Largest Surge in Eight Months
●NCCIM Hails Ringgit's Rise as a Boost to Malaysia's Economic Prospects
●Tesla Halts Factory Expansion in Malaysia and Southeast Asia, Focuses on Charging Stations
●Stocks to watch: Pa...
●Market Rebound Fizzles as S&P 500, Dow Jones, and Nasdaq Slide into Correction Territory
●Malaysia's International Reserves See Largest Surge in Eight Months
●NCCIM Hails Ringgit's Rise as a Boost to Malaysia's Economic Prospects
●Tesla Halts Factory Expansion in Malaysia and Southeast Asia, Focuses on Charging Stations
●Stocks to watch: Pa...
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Hello everyone, welcome to Langjian Trading Co., Ltd.
Tesla's (TSLA) clean energy business is rapidly becoming a growth engine for the next decade. As America's leading electric vehicle manufacturer, Tesla is rapidly expanding its energy storage products and solar systems globally, particularly in China. In the second quarter of 2023, Tesla's energy storage deployment reached a record 9.4 GWh, a year-on-year increase of 158%. Revenue from the energy business reached 3 billion US dollars, while revenue from the electric vehicle business fell 7%.
The gross margin of the energy business grew to 24.6%, far exceeding the 18.5% in the automotive business. Analysts are optimistic that this business will significantly boost the company's earnings. Famous analyst Adam Jonas raised Tesla's target share price to $310, calling the energy business “the highlight.” Similar to Amazon's cloud computing driving profits, Tesla's energy business is also expected to become a new profit engine.
Tesla is partnering with Sunrun (RUN) in Texas to help families set up “virtual power plants,” optimize energy management and sell electricity through Tesla Electric, and each Powerwall user can receive $400 in compensation each year. This move has made the Texas grid more resilient in response to growing demand for electricity and weather disasters.
Despite facing short-term challenges, Tesla's dual layout in the field of clean energy and electric vehicles gives it great potential for future development. minutes...
Tesla's (TSLA) clean energy business is rapidly becoming a growth engine for the next decade. As America's leading electric vehicle manufacturer, Tesla is rapidly expanding its energy storage products and solar systems globally, particularly in China. In the second quarter of 2023, Tesla's energy storage deployment reached a record 9.4 GWh, a year-on-year increase of 158%. Revenue from the energy business reached 3 billion US dollars, while revenue from the electric vehicle business fell 7%.
The gross margin of the energy business grew to 24.6%, far exceeding the 18.5% in the automotive business. Analysts are optimistic that this business will significantly boost the company's earnings. Famous analyst Adam Jonas raised Tesla's target share price to $310, calling the energy business “the highlight.” Similar to Amazon's cloud computing driving profits, Tesla's energy business is also expected to become a new profit engine.
Tesla is partnering with Sunrun (RUN) in Texas to help families set up “virtual power plants,” optimize energy management and sell electricity through Tesla Electric, and each Powerwall user can receive $400 in compensation each year. This move has made the Texas grid more resilient in response to growing demand for electricity and weather disasters.
Despite facing short-term challenges, Tesla's dual layout in the field of clean energy and electric vehicles gives it great potential for future development. minutes...
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Table of Content
1. MY H1 2024 Performance Review
2. Main Economic Factors Influencing the MY Market
3. Global Influences on the MY Market
4. Economic Event Focus on H2 2024
5. Q&A Session
Table of Content
1. MY H1 2024 Performance Review
2. Main Economic Factors Influencing the MY Market
3. Global Influences on the MY Market
4. Economic Event Focus on H2 2024
5. Q&A Session
Malaysia H1 Stock Review: Will Trends and Growth Last in H2 2024?
Jun 6 07:00
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US Stock Market Review 6 – 10 May 2024
$Dow Jones Industrial Average (.DJI.US)$ +2.2%,
$S&P 500 Index (.SPX.US)$ +1.9%
$Nasdaq Composite Index (.IXIC.US)$ +1.1%.
-Financial markets expect the Fed to start its easing cycle in September. A handful of economists believe the first rate cut will come in July.
-Event to watch: 15th May US Core CPI, US Crude Oil Inventories, 16th US Initial Jobless Claims & Philadelphia Fed Manufacturing Index
MY Stock Market Review 6 – 10 May 202...
$Dow Jones Industrial Average (.DJI.US)$ +2.2%,
$S&P 500 Index (.SPX.US)$ +1.9%
$Nasdaq Composite Index (.IXIC.US)$ +1.1%.
-Financial markets expect the Fed to start its easing cycle in September. A handful of economists believe the first rate cut will come in July.
-Event to watch: 15th May US Core CPI, US Crude Oil Inventories, 16th US Initial Jobless Claims & Philadelphia Fed Manufacturing Index
MY Stock Market Review 6 – 10 May 202...
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$Tesla (TSLA.US)$ Quick summary:
- Elon announced an affordable model by early 2025 (possibly end 2024).
- Q1 profit, revenue, and margins drop way below forecasts.
- Global vehicle inventory increases to 28 days (from 15 days).
- TSLA rallied upon optimism on new models, despite an underwhelming quarter.
Tesla recently reported a significant 55% drop in Q1 profits and a 9% decline in revenue, and it caused mixed emotions within investors. However, during the earnin...
- Elon announced an affordable model by early 2025 (possibly end 2024).
- Q1 profit, revenue, and margins drop way below forecasts.
- Global vehicle inventory increases to 28 days (from 15 days).
- TSLA rallied upon optimism on new models, despite an underwhelming quarter.
Tesla recently reported a significant 55% drop in Q1 profits and a 9% decline in revenue, and it caused mixed emotions within investors. However, during the earnin...
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