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KEY TAKEAWAYS Tesla shares fell Monday after data from the China Passenger Car Association showed deliveries from its Shanghai Gigafactory at their lowest point in more than a year. The Chinese Lunar New Year celebrations in February hurt sales, along with increased domestic competition. Tesla continues to use price incentives to boost sales, but Chinese manufacturers such as Xpeng and BYD are matching the strategy.
KEY TAKEAWAYS Tesla shares fell Monday after data from the China Passenger Car Association showed deliveries from its Shanghai Gigafactory at their lowest point in more than a year. The Chinese Lunar New Year celebrations in February hurt sales, along with increased domestic competition. Tesla continues to use price incentives to boost sales, but Chinese manufacturers such as Xpeng and BYD are matching the strategy.
TAKEAWAYS Tesla shares fell Monday after data from the China Passenger Car Association showed deliveries from its Shanghai Gigafactory at their lowest point in more than a year. The Chinese Lunar New Year celebrations in February hurt sales, along with increased domestic competition. Tesla continues to use price incentives to boost sales, but Chinese manufacturers such as Xpeng and BYD are matching the strategy.
After Nvidia's fourth-quarter (Q4) earnings report, the company's stock surged by 15%, surprising Wall Street with better-than-expected results, particularly in its Data Center segment. Revenue reached $22.1 billion, exceeding estimates by approximately 8%, with Data Center revenue hitting $18.4 billion, a 7% difference from estimates and a 410% year-over-year increase. Nvidia also surpassed expectations with its net income and gross margin, which rose to 76.7%. The company's Q1 forecast includes revenue expectations of $24 billion and a gross margin between 76.3% and 77%. Analysts, while still bullish on Nvidia, have set modest price targets, with an average upside of only 4%. Despite this, many analysts anticipate greater returns, with targets ranging from 9% to 19%. Nvidia's strong perf
Sending a very Singaporean way of well wishing to everyone. Heng ah! Ong ah! Huat ah! May you enjoy abundance, good health and stoke toto 4d big sweep ah! HUAT AHHHH