China Fund News Tyler
Hello everyone, it’s the sixth day of junior high school. Are you ready to start from your hometown and embark on a journey of struggle again? Let’s just read some news tonight.
Tesla stock price exploded
After the opening of US stocks tonight, the three major stock indexes collectively opened higher , and the gains narrowed as of press time.
Tesla performed best, rising nearly 11% at the opening. It rose to above $161 at the beginning of the session, a new high since December 14, 2022, and nearly 12% during the day. Since then, the increase has narrowed to less than 9%.
On January 25, local time, Tesla announced its fourth quarter 2022 and full-year 2022 results. The company's revenue and net profit in the fourth quarter of 2022 both hit a new single-quarter high in its history. Looking at the entire year of 2022, Tesla's revenue will reach US$81.5 billion, a year-on-year increase of 51%; operating profit will be US$13.7 billion, with a profit margin of 16.8%, and net profit will double to US$12.6 billion. Musk said "2022 will be Tesla's best year ever."
Musk addressed Tesla's price cuts and sales at the start of a conference call with investors and analysts. "These price changes do have an impact on ordinary consumers." Musk said, "Order demand in January is about twice as much as production, and Tesla's sales may reach 2 million vehicles in 2023."
Tesla's performance boosted investor confidence, and the company's stock price rose.
Musk talked about Chinese competitors when answering a question about Tesla's fourth quarter 2022 financial results. His evaluation: They work "the hardest and the smartest" and are most likely second only to Tesla.
After two years of deactivation, Trump Facebook account permissions were restored
On January 25, local time, according to Bloomberg, social media companies Facebook ( Facebook ) and Photo Wall ( Instagram ) announced the restoration of access rights to former US President Trump’s account after blocking it for two years. It is reported that Trump’s account was previously suspended for two years by Facebook’s parent company Meta for violating platform rules.
Meta company explained that blocking Trump’s account at that time was a “special decision made under special circumstances.” The review found that Trump's account no longer posed a serious threat to public safety and decided to unblock it.
