The business model of "Running Carrot"? JPMorgan has made a detailed calculation.

Recently, Baidu's self-driving travel platform, Apollo GO, has become popular, driving Baidu's Hong Kong stocks to rise by more than 12% on the 10th, the highest level in over a month. In response, JPMorgan has put forward its own opinion: the market for self-driving taxis from Baidu is too early and is not reasonable from the fundamental perspective. Therefore, the momentum of its stock price rise may weaken in the short term. However, analysts further pointed out that if Apollo GO business can improve its profitability, it is expected to achieve a city-level break-even in the second half of 2024: With the introduction of the next generation of vehicles and a significant change in the ratio of vehicle safety personnel, the next few quarters of Baidu's business may see an improvement.

wallstreetcnJul 13 00:10 ET

Everbright Securities: Apollo Go refined cost control, expected to achieve regional profitability by the end of the year.

According to Everbright Securities research reports, Apollo Go has fine cost control and is expected to achieve regional profitability by the end of the year. Baidu's sixth-generation self-driving car has reached level L4 of full self-driving capability, and the overall vehicle cost has decreased by 60% compared to the previous generation, with a single vehicle cost of only 0.2 million yuan. Due to platform subsidies, Apollo Go's current operating fees are relatively low. With the increase in the proportion of full self-driving, the improvement in time and space coverage and operation efficiency, as well as the reduction of platform subsidies, Apollo Go is expected to achieve profitability in Wuhan, and will enter a period of comprehensive profitability by 2025.

Gelonghui FinanceJul 12 21:14 ET

Baidu Inc. (BIDU) Stock Sinks As Market Gains: Here's Why

Yahoo FinanceJul 12 17:50 ET

Baidu Options Spot-On: On July 12th, 137.54K Contracts Were Traded, With 515.13K Open Interest

On July 12th ET, $Baidu(BIDU.US)$ had active options trading, with a total trading volume of 137.54K options for the day, of which put options accounted for 15.62% of the total transactions, and

Moomoo NewsJul 12 16:30 ET

Shares of Chinese Stocks Are Trading Higher Following an Increase in China's June Exports.

Shares of Chinese Stocks Are Trading Higher Following an Increase in China's June Exports.

BenzingaJul 12 09:30 ET

Here Is What to Know Beyond Why Baidu, Inc. (BIDU) Is a Trending Stock

Yahoo FinanceJul 12 09:00 ET