Longbridge Breakfast | Tesla's Q1 profits plummeted by 20%, Hema Fresh prepares for Hong Kong IPO

The Dow Jones Industrial Average fell for two consecutive days, with Chinese concept stocks generally declining. Xiaopeng Motors fell by 12.54%. Tesla's gross profit margin in the first quarter was lower than expected by the market, with a sales target of 2 million vehicles this year. IBM's net profit exceeded expectations, but it may expand layoffs. Disney will lay off thousands of people next week. Apple has lost its position as the global leader in smartphone market share. Alibaba is rumored to be preparing for the listing of Hema Fresh next year.

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Market Overview

Nasdaq 100 stock index futures in Asia-Pacific fell by 0.3% in early trading

Quarterly reports put pressure on US stocks, S&P stops two consecutive gains, Netflix hits four-week lows, and Tesla fell nearly 6% after hours

PDD fell 0.1%, XPENG-W fell 12.5%

NIO-SW fell more than 7%, Li Auto fell more than 3%, Baidu and Alibaba fell more than 2%

Top Stocks

Tesla's first-quarter profit plummeted by 20%, and gross profit margin was lower than market expectations

Tesla: Tesla is expected to achieve a production target of 2 million vehicles

Tesla: We believe that we can achieve fully autonomous driving this year

Tesla believes that higher profit margins are not the top priority

Tesla explains why it is willing to lower prices

Tesla's free cash flow drops to a two-year low [Translation]

Tesla threatens to sue Microsoft for "illegally using Twitter data for (AI) training"

IBM's net profit exceeds expectations, raises performance guidance, or expands layoffs

Alphabet-C beta testers claim that Bard is a "pathological liar" and the response may be fatal

TSMC seeks up to $15 billion in government subsidies in the United States

Surpassed by Samsung, Apple loses its position as the world's largest smartphone market share

The stock that was once speculated by retail investors, 3B Home Furnishing, is preparing to file for bankruptcy

Tesla's short position still loses $5.52 billion

Tesla talks about Twitter layoffs 80%: don't need too many people, it takes a year to add a button

Li Kaifu sells 5.28 million shares of Meitu

Disney plans to lay off thousands of people next week, and the entertainment department may be the hardest hit Alphabet-C compromises and allows UK developers to use third-party payment options

IPO Opportunities

Macro and Strategy

The probability of the Fed raising interest rates by 25 basis points in May is 85.5%

Morgan Asset Management: The market seems overbought

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