$Tesla (TSLA.US)$ is offering Model 3s for the equivalent of $41,800. That’s cheaper than $BYD COMPANY (01211.HK)$ ’s Seal EV at $43,900.
But in China, the Seal sells for just $25,000 vs. the Model 3’s $32,000 price tag.
Both units are imported from…. CHINA.
EVs have ZERO TARIFFS in the Philippines. Dealers are marking up BYD to offset the lost revenue due to less need for regular maintenance where they usually gouge owners. Im surprised Tesla is selling at a disco...

$Kingsoft Cloud (KC.US)$
Revenue +16% to $268.7 million (BEAT vs. $268.3 est.)
Adjusted EPS -$0.62 (MISS vs. -$0.15 est.)
Metrics:
Gross profit +54.6% to $43.2 million
Non-GAAP EBITDA of $26.4m vs. -$6.4m YoY
Non-GAAP EBITDA margin of 9.8% vs. -2.8%
AI accounted for 31% of public cloud revenue
Public cloud rev +15.6% to $167.5m
Enterprise cloud rev +16.7% to $101.2m
Outlook:
For the fourth quarter of 2024, thanks to the parallel two drivers of both public cloud and ente...

But seriously, a lot of this recovery from awful premarket is thanks to the meat of the analyst briefing.
☑️Doubling sales in 2025 ‼️
☑️Target for profitability in full year 2026 ‼️
☑️Firefly launch and deliveries in 1H25
☑️Onvo & Firefly to spearhead overseas push
☑️Switch to new gen platform in 2025
☑️Onvo to launch 2 SUVs in 2025
☑️MENA store to launch end-Nov
☑️FCF turned positive in Q324 ‼️
$NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$

$NIO-SW (09866.HK)$ forecasted record highs for Q4, with delivery guidance of 72,000–75,000 units, a YoY growth of 43.9%–49.9%. Revenue guidance was set at RMB 19.68 billion–20.38 billion, marking a YoY increase of 15.0%–19.2%.
$NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $Tesla (TSLA.US)$ $BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $XPeng (XPEV.US)$ $XPENG-W (09868.HK)$

Wu Qing emphasized that the China Securities Regulatory Commission (CSRC) will continue to improve rules on share reductions, quantitative trading, and securities lending while promoting fairness and regulated development. He affirmed that the underlying logic of long-term market optimism remains solid.
$BABA-W (09988.HK)$ $TENCENT (00700.HK)$ $Hang Seng TECH Index (800700.HK)$ $Hang Seng Index (800000.HK)$ $KraneShares CSI China Internet ETF (KWEB.US)$

Wu Qing emphasized that the China Securities Regulatory Commission (CSRC) will continue to improve rules on share reductions, quantitative trading, and securities lending while promoting fairness and regulated development. He affirmed that the underlying logic of long-term market optimism remains solid.
$Hang Seng TECH Index (800700.HK)$ $Hang Seng Index (800000.HK)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $NASDAQ Golden Dragon China (.HXC.US)$

Weibo reported Q3 revenue of $464.5 million (approximately 3.294 billion yuan), up 5% YoY. Net profit surged 68.5% YoY to $130.6 million, with diluted earnings per share of $0.50.
$Weibo (WB.US)$ $WB-SW (09898.HK)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $NASDAQ Golden Dragon China (.HXC.US)$

Yes! Exactly what I was hoping for. Some consumer-related stimulus to close out the year. They need to keep this positive momentum going and build on it for the challenging year ahead.
$Hang Seng TECH Index (800700.HK)$ $Hang Seng Index (800000.HK)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $NASDAQ Golden Dragon China (.HXC.US)$ $KraneShares CSI China Internet ETF (KWEB.US)$

$XPeng (XPEV.US)$ reported a record gross margin of 15.3 percent in Q3, compared to negative 2.7 percent in the same period in 2023 and 14.0 percent in Q2 2024.
Xpeng's revenues from services and others for the third quarter were RMB 1.31 billion, an increase of 90.7 percent from RMB 690 million for the same period in 2023, mainly due to the increase in revenues generated from the technology partnership w...

Without looking at charts, you won't think that China's three other main indices are right behind their US counterparts.
Remember that China's markets underwent a major correction in October. We already had the Trump bump this month.
On a side note: Is the Dow Jones Industrial Average still relevant in this day and age?
$BABA-W (09988.HK)$ $TENCENT (00700.HK)$ $XIAOMI-W (01810.HK)$ $MEITUAN-W (03690.HK)$ $JD-SW (09618.HK)$ $BIDU-SW (09888.HK)$ $LI AUTO-W (02015.HK)$ $Hang Seng TECH Index (800700.HK)$ $Hang Seng Index (800000.HK)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $iShares MSCI Hong Kong ETF (EWH.US)$ $Kraneshares Tr Bosera Msci China A Sh Etf (KBA.US)$ $iShares MSCI China ETF (MCHI.US)$ $S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$