Tesla has just made significant price cuts (again) on three of its five models in the United States. Late Friday, Tesla slashed $2,000 off the prices of its Model Y, Model X, and Model S vehicles. These adjustments leave the price tags for the Model Y starting at $42,990, Model S at $72,990, and Model X at $77,990. Notably, prices for the Model 3 sedan and the Cybertruck remained unchanged.
The Model Y, a compact SUV and Tesla’s most popular model, is currentl...

In last week's trading, the S&P 500 index and the Nasdaq index each closed up more than 1%, recording the biggest one-day gain in more than three weeks. Despite this, the two major indices recorded declines throughout the week. Among them, the Dow Jones Industrial Average fell more than 2% in a week, the worst performing week in the past year. In the technology sector, Tesla's stock price fell, falling by more than 6% at its peak, while Nvidia's and Meta's shares rose by more than 2% and 3%, respectively. Among them, Meta hit record highs, rising close to 9% throughout the week. AMD's stock also rose by nearly 3%, while Intel fell by more than 2%. In Europe, the pan-European stock index fell and fell back to a low of more than two weeks. The weekly decline was more than 1%, the biggest weekly decline in more than two months.
Strong US employment reports weakened market expectations for interest rate cuts, causing the 10-year US Treasury yield to rise by 10 basis points, close to a four-month high; the US dollar index hit a new high, breaking away from a two-week low. The price of gold rebounded after experiencing a brief decline and hit a record intraday high for six consecutive days.
In the energy market, the rise in oil stocks such as ExxonMobil shows that despite the geopolitical uncertainty faced by investors, energy stocks still provide investors with new options to hedge against the risk of slowing economic growth. US non-farm payrolls data for March showed that the number of new jobs far exceeded expectations. The unemployment rate declined, but the average hourly wage growth rate slowed down. This prompted the market to adjust expectations for the Federal Reserve's first interest rate cut, which was postponed from July to September. Federal Reserve Governor Bowman stated that if inflation continues to be high...