U.S. stocks continue to experience a correction, with Growth Tech and popular Sectors all declining! What has happened?
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UBS Group: It is expected that Tesla's Q4 delivery volume will be around 0.51 million vehicles, and it is believed that this data has already somewhat weakened its impact on stock prices.
Gelonghui, December 30 | UBS Group released a report on Monday, predicting that Tesla will announce its delivery volume for the fourth quarter of 2024 on January 2, with an estimated number of about 0.51 million vehicles, representing a 5% year-on-year increase and a 10% quarter-on-quarter increase. UBS Group's forecast is slightly lower than Visible Alpha's consensus expectation of 0.512 million vehicles, but aligns with the investors' expected range of 0.5 million to 0.51 million vehicles. However, UBS Group's Analyst pointed out: 'Given the AI-driven narrative surrounding the stock, we believe the delivery results will not be as significant as they have been in the past.' Compared to previous instances, the impact of delivery data on Tesla's stock price has diminished.
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U.S. stocks are moving differently | Electric Vehicle stocks are declining, with Xiaopeng Motors down over 6%.
On December 30, Grlonghui reported that Electric Vehicle stocks declined, with Xpeng Motors down over 6%, Lucid down over 4%, Rivian down over 3%, and Tesla, General Motors, and Ford down over 2%.
U.S. stock market morning | All three major Indexes fell, with the Nasdaq down nearly 2%, and Broadcom down nearly 4%; Quantum Computing concept stocks lost momentum, with RGTI down over 14%; Faraday Future rose more than 55% against the market.
As of the time of writing, the three major indices have all fallen, with the Dow Jones and S&P 500 Index down over 1% and the Nasdaq nearly 2% down. U.S. stocks are entering the year-end trading period, with low trading volume during the holiday season. Due to year-end uncertainties, some investors are opting to reduce their positions.
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