Pre-market US stocks | Tesla does not seek expansion in the next 1-3 years, Roku announces 10% layoffs and restructuring; Huawei Mate 60 Pro sells well, bearish for Apple?
JD and NetEase fell nearly 1%, Beike rose over 5%, and Xiaopeng rose over 1%. Roku rose 9%, Apple and Amazon fell 0.7%, and Meta rose 0.8%.
US Stock Market News
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Lisa Su, Chairman and CEO of AMD, stated that in the month since the last earnings conference call, there has been a continuous increase in AI customer engagement, with many customers making customer commitments. Additionally, the Chinese market is expected to account for approximately 20%-25% of AMD's revenue.
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A source close to Xiaomi's automotive division revealed that Xiaomi's car is currently in the trial production stage, which has been ongoing for less than a month. Currently, Xiaomi produces approximately 50 prototype cars per week, with few workers during the night shift. (Jiemian)
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According to Tesla's official Weibo account, the Shanghai Gigafactory has produced its 2 millionth Tesla vehicle.
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NIO's legal department: A certain online account edited and produced a false video of a vehicle explosion. The public security authorities have made the decision to detain the person in control of the account.
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Li Zhenyu, CEO of Baidu Group: By 2025, Baidu aims to achieve large-scale operation of Level 4 autonomous driving.
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Indonesian Minister of Maritime Affairs and Investment, Panjaitan: Tesla does not plan to expand in the next 1-3 years. Tesla CEO Elon Musk plans to visit Indonesia in October for negotiations regarding Starlink.
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According to The Wall Street Journal, in the same month that Elon Musk acquired Twitter, he borrowed $1 billion from SpaceX, which he repaid shortly after.
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US utility giant Dominion Energy announced on September 5th that it has agreed to sell its natural gas distribution business to pipeline giant Enbridge for $14 billion, including $4.6 billion in debt.
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Insider: During last month's meeting, Amazon did not make any concessions to the Federal Trade Commission (FTC). The FTC plans to file an antitrust lawsuit against Amazon later this month.
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Tianfeng International Securities analyst Guo Mingchi updated the latest research and estimates: Demand for Mate 60 Pro has been strong since its launch on August 29th, and the shipment plan for the second half of 2023 has been increased by about 20% to 5.5-6 million units. Based on this market trend, the cumulative shipment volume of Mate 60 Pro is expected to reach at least 12 million units after 12 months of release.
Pre-market Movers
In pre-market trading, Dow Jones futures fell 0.2%, Nasdaq futures fell 0.3%, and S&P 500 futures fell 0.24%.
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