U.S. stock market update: XPeng up 4.88%

U.S. Stock Market Midday Update

XPeng rose 4.88%, with active trading. Based on recent important news:

1. On August 11, XPeng launched the all-new P7, equipped with self-developed AI chips, pre-sales exceeded 10,000 units in 6 minutes and 37 seconds, and the stock price rose by 5.1%.

2. On August 11, Jefferies raised XPeng's target price to 116.9 yuan, maintaining a "Buy" rating, which boosted the stock price.

3. On August 8, the penetration rate of new energy vehicles increased in July, with XPeng and other new force brands gaining 2 percentage points in market share.

Stocks with High Trading Volume in the Industry

Tesla rose 4.63%, with a trading volume of $17 billion. Based on recent key news:

1. On August 8, Tesla obtained a ride-sharing permit in Texas, promoting its autonomous taxi service, with the stock price at one point rising over 3.9%.

2. On August 11, Wedbush Securities gave Tesla an "Outperform" rating with a target price of $500, boosting market confidence.

3. On August 9, Tesla obtained a ride-hailing license in Texas, further promoting its autonomous taxi service, and the stock price continued to rise.

Ford fell 0.63%, with increased trading volume. Based on recent important news:

1. On August 11, Ford announced a $5 billion investment in electric vehicle platforms, planning to launch a mid-size pickup truck in 2027, showing its proactive layout in electrification, which led to a decline in stock price.

2. On August 11, Trump canceled the electric vehicle tax credit, increasing Ford's costs by $800 million, with an estimated annual impact of $2 billion, raising market concerns about its profitability.

3. On August 11, Jefferies raised Ford's target price from $8 to $9, showing market confidence in its future development, but it failed to prevent the stock price from falling.

Rivian rose 1.95%, with increased trading volume. Based on recent important news:

1. On August 11, Rivian faced negative impacts from tariffs, trade regulations, and the cancellation of federal tax credits, leading to revenue losses, and the stock price rose by 1.95%.

2. On August 10, Rivian's zero-emission credit sales decreased, and despite achieving gross profit for two consecutive quarters, the stock price was still affected.

3. On August 9, Rivian released job postings for R2 steering wheel design, indicating its future development potential and attracting investor attention.

Stocks with High Market Capitalization in the Industry

Toyota rose 0.34%, with increased trading volume. Based on recent important news:

1. On August 8, due to the impact of U.S. tariff policies, Toyota expected its annual operating profit to decline by one-third, with a muted stock price reaction.

2. On August 8, Toyota announced a recall of multiple models due to safety hazards, with limited market reaction

3. On August 8th, the Tokyo Stock Exchange Index in Japan broke through 3000 points, and Toyota's stock price rose by 3.5%