Tesla's first-quarter revenue and earnings per share fell short of expectations, but Tesla's CEO stated that they will accelerate the launch of a low-cost model. This news boosted Tesla's stock price, rising more than 10% after hours. Tesla's first-quarter revenue was $21.301 billion, a 9% decrease from the same period last year, marking the largest decline since 2021. Adjusted earnings per share were $0.45, below analysts' expectations. Tesla's gross profit declined by 18%, but the gross margin exceeded expectations. Operating profit fell by 56%, and the adjusted EBITDA profit margin decreased by 2.4%. Net cash flow from operating activities decreased by 90% compared to the same period last year. Capital expenditures increased by 34%. Free cash flow fell short of expectations

Tesla's after-hours trading surged by over 10%! Q1 revenue and EPS below expectations, will accelerate the launch of affordable models early next year

马斯克被高盛分析师 Mark Delaney 问及定价策略，称：如果你的产品质量优秀价格高昂，销售也会很出色。

Jetblue Airways(JBLU) fell 18.77%, with a trading turnover 232.9 Million USD, and a year-to-date rose 9.9%. LKQ(LKQ) fell 14.88%, with a trading turnover 408.9 Million USD, and a year-to-date fell 12.3%. MSCI(MSCI) fell 13.43%, with a trading turnover 1.6 Billion USD, and a year-to-date fell 20.9%.

Top 10 US Stock Losers (4.23)

MMTEC(MTC) rose 43.59%, with a trading turnover 13.5 Million USD, and a year-to-date rose 124%. Futu(FUTU) rose 11.45%, with a trading turnover 230.2 Million USD, and a year-to-date rose 13.3%. Microvast(MVST) fell 9.29%, with a trading turnover 2.0 Million USD, and a year-to-date fell 67.4%. Bilibili(BILI) fell 2.13%, with a trading turnover 188.2 Million USD, and a year-to-date fell 5.6%.

Top 5 CDRs Gainers/Losers (>100M) (4.23)

Hibbett(HIBB) rose 18.84%, with a trading turnover 357.3 Million USD, and a year-to-date rose 20%. Hashi(HCP) rose 18.74%, with a trading turnover 490.1 Million USD, and a year-to-date rose 23.3%. Canopy Growth(CGC) rose 15.03%, with a trading turnover 104.4 Million USD, and a year-to-date rose 76.7%.

Top 10 US Stock Gainers (4.23)

General Electric(GE) rose 8.28%, with a trading turnover 3.1 Billion USD, and a year-to-date rose 60.2%. Danaher(DHR) rose 7.21%, with a trading turnover 1.7 Billion USD, and a year-to-date rose 9.5%. PepsiCo(PEP) fell 2.97%, with a trading turnover 1.6 Billion USD, and a year-to-date rose 1.6%. Walmart(WMT) fell 1.75%, with a trading turnover 1.1 Billion USD, and a year-to-date rose 12.9%.

Top 5 US Stock Gainers/Losers (>100B) (4.23)

Compared to the previous version, the new Tesla Model 3 Performance version is equipped with the most powerful drive system in the Model 3 series, with an acceleration time of 0 to 60 miles per hour in just 2.9 seconds. It can reach a top speed of 163 miles per hour, with over 500 horsepower. Musk claimed that the Model 3's speed exceeds that of a Porsche 911. The starting price of this model is $52,990

Tesla releases high-performance all-wheel drive Model 3, with a top speed exceeding Porsche 911, priced at $52,990

金属盘中普跌，伦锡重挫逾 7%，伦铜继续跌离两年高位，黄金一度抹平跌幅。伦锡在创近两年新高后两连跌至一周低位，两日领跌基本金属。伦镍跌近 4%，伦铝跌超 3%，伦铜伦锌跌超 1%。美国 PMI 公布后，盘中曾跌近 2% 的黄金期货一度接近抹平跌幅。

金属盘中普跌，伦锡重挫逾 7%，伦铜继续跌离两年高位，黄金一度抹平跌幅

Due to affluent consumers reducing their purchases of Gucci products, Kering Group has warned that its main operating revenue in the first half of the year will decrease significantly by 40% to 45%. Since the beginning of this year, there has been performance differentiation in the luxury goods industry, with Kering Group's stock price falling by 16%, while LVMH's stock price has risen by 8% and Hermes' stock price has risen by 21%

Kaiyun Group warns that its recurring operating income in the first half of the year may decline by more than 40%

Apple announced that it will hold a special event on May 7th, expected to release a new iPad and accessories. According to media reports, the Pro and Air series will receive major updates this time, with the iPad Pro models equipped with a new M3 chip, and the iPad Air will come with a 12.9-inch screen option

Report: Apple's special event on May 7th is expected to release a new iPad

Hong Kong's largest IPO this year loses its luster

资管巨头们正在重塑华尔街的金融版图。大型投资公司如黑石集团、富兰克林邓普顿基金集团、贝莱德和 KKR 集团等正在扩展业务领域，使得银行逐渐边缘化。传统资产管理公司、私募基金经理和对冲基金管理的资产规模达到 43.5 万亿美元，几乎是银行 23 万亿美元资产的两倍。资产管理公司通过提供新型金融产品和服务来获得更多市场份额，私募股权行业创造了最多的亿万富翁。资管公司正在取代银行成为最吸引美国企业和个人资金的 “钱袋子”。

华尔街换主角了！投资公司的资产如今 2 倍于银行

小米汽车将推出纯电 SUV，预计于 2025 年上半年推出，同时规划更低价车型，预计于 2026 年推出。小米 SU7 锁单量已突破 7 万辆，年交付目标提升至超 10 万辆。小米汽车计划三年推出三款新车，以高端轿车、SUV 奠定品牌基调，而后推出低价车型扩大销量。小米汽车的第一款车型 SU7 旨在成为纯电轿车的标杆车型，已取得成功的销售成绩。雷军表示将持续打磨 SU7，目标是成为价位段最畅销的车型。

小米汽车将推出纯电 SUV，同时规划更低价车型

Warren Buffett: Stock prices will eventually reflect the intrinsic value of the company; Peter Lynch: A sharp drop is a great opportunity to make big money; Jim Rogers: Buy when it's worth, sell when it's crazy; George Soros: Never bet the farm

How to deal with a big drop? Patience to wait for good cards

In the first quarter of this year, China International Travel Service's main business gross profit margin increased to 32.70%, up 3.95 percentage points from the same period last year; operating cash flow decreased by 28.59% year-on-year

China International Travel Service Corporation Limited (CITS) Q1 revenue was 18.8 billion, a year-on-year decrease of 9.45%, with a slight net profit increase of 0.25% | Financial Report News

Nvidia, Meta rose more than 1% in pre-market trading, AMD, Tesla rose, Apple slightly down. Pinduoduo, Nio rose more than 1%, Alibaba, JD.com, Baidu rose nearly 1%, XPeng, Li Auto rose, NetEase fell more than 1%, Bilibili fell more than 2%. Microstrategy, Marathon Digital, Coinbase all fell

Pre-market trading in US stocks: Nvidia, Pinduoduo, Nio lead gains! Market focuses on Tesla's post-market performance

vivo and Honor rank top two in market share, with Huawei's sales growing by 70%

In the first quarter of this year, iPhone sales in China dropped by 19%

Bank of America believes that Tencent has a strong willingness, capability, and execution power in terms of shareholder returns. The company plans to repurchase 100 billion RMB this year, and in January, Tencent has accelerated its daily repurchase amount to 1 billion RMB. If this pace continues, the total repurchase amount for the year will exceed 130 billion RMB. Coupled with the dividends announced last year, it is estimated that shareholder returns this year will exceed 5%

Rating Quick Look | Wall Street bullish on Tencent's DNF mobile game performance! Apple, HKEX target prices lowered

雷军在小米投资者大会上透露了小米 SU7 的最新进展。截至 4 月 20 日，SU7 的锁单量已超过 7 万台，预计今年交付目标为 10 万台。雷军还分享了关于小米的底层技术和全生态战略规划。澎湃 OS、芯片和 AI 是小米的核心技术。小米致力于打造以用户为中心的操作系统，实现人车家全生态的融合。此外，雷军表示小米 SU7 在智能化方面取得了很好的反馈。总结来说，小米 SU7 在纯电领域取得了初步成功，证明了纯电轿车市场的潜力。

雷军：今年 SU7 交付目标 10 万台，毛利率 5-10%，三年内 100% 聚焦国内市场

UnitedHealth may have suffered a serious cyber attack, resulting in a large amount of private information of American customers being leaked. This may be one of the largest healthcare data breaches in history. The leaked sample files contain personal information such as health data, affecting a wide range of American people. The company has taken some measures to protect patient data and has paid a ransom to prevent further leaks. This attack is expected to result in a revenue reduction of up to $1.6 billion for the company this year. UnitedHealth Group is currently assessing the impact and cooperating with relevant agencies to investigate this incident

UnitedHealth data breach may affect "wide range" of areas in the United States

Hong Kong stock "AIGC First Stock" Ask the Door will officially debut on the Hong Kong Stock Exchange tomorrow. Dark pool data shows that the stock once fell by more than 23%, but the decline has narrowed to 16% now, trading at HKD 3.19

IPO Grey Market | Dida Chuxing once fell 23%!

加密货币交易所币安在全球比特币交易份额受到竞争对手的蚕食，其份额从 81.3% 降至 55.3%。山寨币交易份额也从 58% 降至 50.5%。分析归因于币安取消交易费，导致集中度降低，规模较小的交易所势头增强。Bybit 在非美国比特币交易份额从 2% 上升至 9.3%，OKX 占 7.3%，高于之前的 3%。币安正在努力重建声誉，同时应对法律问题影响。比特币价格上涨促进了交易量。

币安陷入窘境 各路竞争对手竞相蚕食全球比特币交易份额

KUAISHOU-W(01024) rose 8.63%, with a trading turnover 1.9 Billion HKD, and a year-to-date fell 7.3%. MEITUAN(03690) rose 7.95%, with a trading turnover 7.2 Billion HKD, and a year-to-date rose 32.6%. CMOC(03993) fell 4.06%, with a trading turnover 525.3 Million HKD, and a year-to-date rose 60.7%. YANKUANG ENERGY(01171) fell 3.46%, with a trading turnover 645.7 Million HKD, and a year-to-date rose 12.9%.

Top 5 HK Stock Gainers/Losers (>100B) (4.23)

MIGAO GROUP(09879) fell 7.45%, with a trading turnover 8.0 Million HKD, and a year-to-date rose 34.1%. COMEC(00317) fell 6.93%, with a trading turnover 30.6 Million HKD, and a year-to-date rose 0.6%. DONGYUE GROUP(00189) fell 6.77%, with a trading turnover 154.6 Million HKD, and a year-to-date rose 9.7%.

Top 10 HK Stock Losers (4.23)

CMGE(00302) rose 12.75%, with a trading turnover 56.0 Million HKD, and a year-to-date fell 12.2%. KEYMED BIO-B(02162) rose 10.81%, with a trading turnover 37.6 Million HKD, and a year-to-date fell 34.2%. GIORDANO INT'L(00709) rose 10.06%, with a trading turnover 31.2 Million HKD, and a year-to-date fell 25.4%.

Top 10 HK Stock Gainers (4.23)

Deutsche Bank stated that historically, the median performance within one month after a six consecutive drop in the S&P is +3.5%

S&P 500 has fallen for six consecutive days, can the market still be good?

比特币跌破 66000 美元/枚，日内跌 0.76%。

Analysis indicates that the entry barrier in the tea beverage market is low, competition is intense, and valuation is inevitably under pressure

Why did Chabaida plummet on its first day of listing?

Overnight hottest contracts: Over 70,000 contracts of Nvidia calls with a strike price of $800 were traded. Tesla put options trading volume fell to 1.8 million, with 55% being put options. 50,000 put options with a strike price of $140 expiring on April 26 were traded. Riot options trading surged to 300,000 contracts, with 79% being call options

US Stock Options | Market cools significantly! NVIDIA, Apple, Amazon trading volume halved

人社部将做好个人养老金全面推开前的相关准备工作，持续实施企业职工基本养老保险全国统筹，确保养老金按时足额发放。同时，研究完善个人养老金制度配套政策，扎实开展社保基金管理巩固提升行动，并推动扩大企业职工基本养老保险基金委托投资规模。个人养老金制度平稳实施，已有超 5000 万人开立个人养老金账户。

人社部：将做好个人养老金全面推开前的相关准备工作

布林肯国务卿此次访华是中美两国落实元首旧金山会晤共识的一部分，目的是保持对话、管控分歧、推进合作、加强国际事务协调。双方将就落实会晤和共同关心的国际和地区问题交换意见。

中方认为布林肯访华的最好结果是什么？外交部回应

中国外交部发言人汪文斌说，我们坚决反对美方自己拱火浇油，却对中方甩锅推责的这种虚伪做法。中国同包括俄罗斯在内的各国开展正常经贸往来的权利不容侵犯，我们将坚定捍卫自身的合法权益。

中国外交部回应 “美国被曝正起草可能切断中国一些银行与全球金融体系联系的制裁措施”

Goldman Sachs expects that the annualized growth rate of core PCE in the first quarter of the United States will increase from an average of 1.9% per month in the second half of 2023 to 4.0%. This is mainly driven by sectors such as consumer electronics, financial services, and healthcare. However, as these drivers fade, the monthly consecutive growth rate of core PCE inflation from the first quarter to the end of the year will slow down from an average of 0.33% to 0.18%

Goldman Sachs: US PCE inflation rose in the first quarter, but will subsequently decline

The possibility of the Federal Reserve raising interest rates within a year has risen to 20%, with investors starting to bet on the Fed raising rates again. Analysts point out that investors' expectations of another rate hike by the Fed continue to heat up, with the options market indicating a 20% chance of a rate hike in the next 12 months. In response, former U.S. Treasury Secretary Summers stated that the latest data showing sustained inflationary pressures suggest that the Fed's next policy action may be a rate hike rather than a rate cut. Meanwhile, Federal Reserve Vice Chairman Richard Clarida believes that if the core inflation rate rises above 3%, the likelihood of a rate hike will increase. Currently, the market generally expects the core PCE index to reach 2.7% in March

The possibility of the Federal Reserve raising interest rates within a year has increased to 20%! Investors are no longer "stubborn"

Despite better-than-expected financial performance during earnings season, the S&P 500 index continued to decline. Investors have expressed doubts about the company's profitability and growth prospects, which is the main reason for the stock price drop. Even when performance exceeds expectations, stocks typically only rise by an average of 0.8% the next day, lower than historical levels. On the other hand, companies with performance below expectations see an average stock price drop of 5.8%, exceeding the average decline of the past 5 years. The S&P 500 index has been underperforming due to rising bond yields and weakening expectations of a Fed rate hike. Both good and bad news have resulted in lackluster performance in the overall stock market. There has been a "digestion issue" in the market before and after earnings season, where regardless of performance, S&P 500 component stocks have shown poorer performance the day after compared to previous years. Even positive news may not necessarily receive a good response, especially for stocks that have already experienced significant gains

Why is the financial report season performing well, but the S&P is still falling?

“如果说英伟达代表了人工智能交易的第一阶段，那么第二阶段将是其他公司帮助建立与人工智能相关的基础设施，” 该行写道，“第三阶段是将人工智能纳入其产品以增加收入的公司，而第四阶段是与人工智能相关的生产力提高，这应该可以在许多企业中实现。” 

高盛：AI 交易第一阶段还没完！英伟达还能涨

Tesla shareholders are expected to face the worst performance in seven years, but are more concerned about the company's strategic positioning. Tesla plans to abandon the development of the affordable Model 2 and shift its focus to developing Robotaxi, with a strong emphasis on the advancement of autonomous driving technology. Investors are optimistic about the potential of Tesla's self-driving cars. Barclays analysts predict that Tesla's upcoming quarterly performance will be unsatisfactory

Is there a major change in direction? Tesla shareholders prepare for the worst performance in seven years

渣打银行数字资产研究主管杰夫•肯德里克近日接受采访时重申，他对比特币今年底的价格目标为 15 万美元，这意味着比特币到今年年底还将在今年 3 月的历史新高基础上再涨一倍以上。

渣打坚持看涨比特币：年底前将再涨一倍

港股 “新茶饮第二股” 茶百道上市首日大跌超 30%，散户浮亏超过 600 万港元。茶百道发行价 17.5 港元/股，每手 200 股计算，散户打新一手亏损至少 1256 港元。茶百道乙组打新只有 4 人，其中 1 人认购了 100 万股，目前账面亏损达到 628 万港元。茶百道暗盘交易跌幅为 13.71%，意味着市场对其前景持谨慎或负面看法。茶百道在公开发售市场散户打新热情不高，甚至出现未足额认购情况。

有散户已浮亏超 600 万港元！茶百道上市大跌

Arbitrage trading is fleeing from emerging markets. Reasons for the exodus include rising yields at both ends, the US dollar index hitting a new high for the year, risk aversion triggered by the Middle East crisis, and an increase in implied volatility, leading to a decline in the arbitrage cost-effectiveness. High-yield emerging market currencies such as the Mexican peso have experienced significant declines, related to economic data, the Middle East crisis, and rising volatility. Foreign capital is bullish on the US dollar, believing that the strength of the dollar will continue. The Japanese yen continues to weaken, but the likelihood of intervention by the Bank of Japan is low

Arbitrage trading is fleeing from emerging markets

Tesla will announce its first-quarter financial report this Tuesday, with an expected decrease in profit margin. Focus on its product roadmap and demand for electric vehicles. Tesla is expected to have an adjusted earnings per share of $0.52 this quarter, with operating revenue of $22.31 billion and a 40% decline in operating profit. Wall Street predicts a car gross margin of 15.2%, lower than the same period last year. Tesla's first-quarter delivery volume was lower than expected, with global deliveries at 386,810 units and production at 433,371 units. Tesla's stock price has fallen by about 43% year-to-date

Tesla will face a "major test" in the first quarter: Profit margins are expected to decline, focusing on the product roadmap

Asian stock markets rose, with gold falling below the $2300 mark. The rebound in US stocks overnight boosted Asian stock markets, leading to a higher opening. International gold prices plummeted by over 1% during the day, dropping below $2300 per ounce. The Governor of the Bank of Japan stated the need to maintain loose monetary policy conditions for a period of time. In the Asian foreign exchange market, the yen to dollar exchange rate fluctuated slightly, closing at 154.74

Asia-Pacific stock markets rise, gold plunges breaking below the 2300 mark during trading hours

这种被称为 “结构性保护” 的 ETF 产品，声称能让投资者在股市获得可观回报的同时，完全规避下行风险，投资者的 “梦中情基” 出现了？

“不会跌” 的股票 ETF 要上市了

市场消息：三星开始大规模生产第九代 V-NAND。

4 月 23 日，香港证监会警示公众，提防以 “CBEX 集团” 及 “Bitget Pro” 名称运作的实体，涉嫌从事虚拟资产相关欺诈活动。香港警务处已应香港证监会要求，采取行动封锁相关网站。虽然有关网站已被封锁，但公众应提防骗徒可能继续建立具有相似域名的网站。香港证监会指，投资者报称在提取虚拟资产时遇到困难或出现未经授权的提款，香港证监会怀疑有关平台可能曾以伪造的提款记录欺骗投资者。同时香港证监会亦已于周二 (23 日) 将 CBEX 集团及 Bitget Pro 以及两者各自的相关网站列入香港证监会可疑虚拟资产交易平台警示名单。香港证监会提醒，网上投资骗局可能涉及任何类型的资产和通过多种渠道进行，而投资者可能会蒙受重大损失。因此，投资者在作出投资决定时应保持警惕和提防欺诈行为。

香港证监会告诫公众提防 CBEX 集团及 Bitget Pro 涉嫌从事虚拟资产相关欺诈行为

现货黄金跌破 2300 美元/盎司，日内跌幅达 1.32%，现报 2298.71 美元/盎司。

截至发稿，药明合联涨 8.86%、康希诺生物涨 5.26%、药明康德涨 2.85%。

港股医药股多数上涨 药明合联涨近 9%

Bank of America has listed Apple as its top pick for stocks in 2024. The bank's analysts are optimistic about Apple's performance and prospects, believing it has a rich catalyst path and defensive cash flow. Despite a market capitalization loss of nearly $180 billion and a decline in Apple's stock price, the bank remains bullish on its service revenue growth and strong profit margins. However, a weak demand environment may impact a price pullback. Morgan Stanley has lowered Apple's target price from $220 to $210, expecting Apple to provide disappointing guidance. Wall Street is skeptical about Apple but recommends buying on weakness after earnings

Bank of America goes against the trend and recommends Apple as its top pick for 2024

比特币市场在 3 月份飙升至创纪录高点后，目前仍处于超买区间。而且尽管最近加密市场复苏，但风险资本融资仍然很低，这是比特币价格的另一个不利因素。

小摩警告：“减半” 是比特币暴跌的开始

Tesla's stock price has fallen for seven consecutive days, with Wall Street expecting the worst financial report in seven years. Tesla's first-quarter deliveries dropped by 8.5%, with price cuts of up to $2000. In addition, Tesla has recalled 3878 Cybertruck electric pickups and laid off over 10% of its workforce. On the eve of the financial report, market concerns about Tesla's financial performance have intensified. Tesla plans to release its financial report early Wednesday morning