What happened to Tesla's flash crash?

Xiaoxiang Morning News

2024-04-16 14:44Posted on the official account of Hunan Xiaoxiang Morning News

On the 15th local time, the chief of the General Staff of the Israel Defense Forces said that he would respond to the missile and drone attacks launched by Iran, which exacerbated the panic among investors. In addition, on the data front, U.S. retail sales in March rose 0.7% month-on-month on Monday, higher than market expectations, reinforcing market expectations that the Federal Reserve is not in a hurry to cut interest rates. All three major U.S. indexes fell overnight, with the Dow down 0.65%, the S&P 500 down 1.20%, and the Nasdaq down 1.79%, with technology stocks generally falling.

Tesla's global layoffs exceeded 10%, and the layoff ratio was the highest in the company's history, and the stock price fell by more than 5% on the 15th 

On the corporate side, Tesla's shares tumbled 5.59% to $161.48 per share on Monday. According to foreign media reports, Tesla CEO Elon Musk sent an email to all employees on Monday, announcing that more than 10% of the global workforce will be laid off, involving at least 14,000 employees, the highest layoff rate in the company's history. It is also Tesla's fifth mass layoff since it first laid off 2% of its workforce in 2017. Previously, Musk said that Tesla's business will be difficult throughout 2024 as the competition in the electric vehicle market intensifies. The news of the layoffs is also widely interpreted by the outside world as the latest sign that Tesla is facing a difficult situation. Wall Street is currently expecting Tesla to post earnings of $2.70 per share this year. This is more than 13% lower than last year's $3.12. Next week, Tesla will also report its first-quarter earnings report.

Goldman Sachs' first-quarter earnings exceeded expectations, and the company's stock price closed up nearly 3% on the 15th

In terms of earnings reports, before the U.S. stock market on Monday, investment bank Goldman Sachs announced its financial results for the first quarter of this year. The company's net revenue was US$14.21 billion, a year-on-year increase of 16%, exceeding market expectations, and net profit increased by 28% year-on-year. Overall, Goldman Sachs' strong earnings performance was mainly due to the strong growth of its investment banking business, as well as its fixed income, foreign exchange and commodities businesses. Goldman Sachs shares rose 2.92% at the close on Monday.

On the 15th, the three major European stock indexes were mixed

Europe's three major stock indexes were mixed on Monday, with Britain's FTSE 100 down 0.38%, France's CAC 40 up 0.43% and Germany's DAX up 0.54%.

On the 15th, international oil prices fell slightly, and there is still great uncertainty about the future trend

On the commodities front, oil prices edged lower on the first trading day of the week after rising to a six-month high last week as traders largely priced in news that the Iranian attack could further disrupt crude supply. Among them, the price of light crude oil futures for May delivery on the New York Mercantile Exchange fell 0.29% to settle at $85.41 per barrel, and the London Brent crude futures for June delivery fell 0.39% to close at $90.10 per barrel. However, there is still a lot of uncertainty about the future direction of oil prices. As a major OPEC oil producer, Iran currently produces more than 3 million barrels of crude oil per day, and the market is worried that Iran may face stricter oil sanctions in the future and shipping in the Strait of Hormuz may also be restricted, which may have a greater impact on international oil prices.

On the 15th, the international gold price hit a record closing high

In addition, gold continued to be sought after by investors due to rising risk aversion, with the most actively traded June gold futures on the New York Mercantile Exchange rising 0.37% to $2,383 an ounce on Monday, hitting a record closing high for three consecutive trading days.

Source: CCTV Finance

View original image 299K

• 

• 

•