Xiaomi's SU7 electric car has sparked excitement in China, with its low price and long range challenging Tesla's Model 3. Xiaomi's shares surged upon its launch, and wait times for the SU7 are now five months. Other Chinese EV makers like Xpeng, Nio, and Li Auto have recently cut delivery forecasts, while BYD remains the industry leader. The growing competition and slowing new energy vehicle growth indicate a highly competitive Chinese electric car market.
U.S. stocks soared on Monday, led by tech companies. Google's parent company, Alphabet, jumped nearly 4.5% on rumors of a Google AI partnership with Apple. AI chipmaker Nvidia and electric carmaker Tesla also rose. Investors are now eagerly awaiting the Federal Reserve's meeting on Wednesday for hints about future interest rate cuts. Despite the positive mood, server manufacturer Super Microcomputer saw a significant decline.
Institutional investors are showing increasing interest in Bitcoin, potentially legitimizing it as an asset class. Major institutions remain cautious, waiting for established Bitcoin ETFs before investing. Despite concerns about closures, Kathy Wood of Ark Invest believes Bitcoin could reach $1 million by 2030 due to its low correlation with other assets. Wood also predicts declining interest rates and negative inflation, while highlighting Tesla's innovation and leadership in autonomous driving technology.
Apple, Alphabet, and Tesla stocks have recently faced challenges. Apple, in particular, has struggled due to lower iPhone sales, legal issues, and project cancellations. Despite these setbacks, Apple's loyal consumer base and upcoming changes to increase revenue per device remain strong. Generative AI is a promising new technology, but analysts are concerned that Apple may fall behind in this area. Additionally, antitrust and geopolitical tensions could impact Apple's earnings.
As electric and hybrid car prices fall, older EVs and hybrids are becoming collectible. Collectibility factors include rarity, design, performance, and historical significance. Notable models include the Tesla Roadster, BMW i8, and Volkswagen XL1. While EV technology advances, older models retain value due to nostalgia and history. Challenges include limited battery life, evolving charging technology, and potential maintenance difficulties. Collectors should pursue passions but be mindful that financial gains on collector vehicles are not guaranteed.
