U.S. stock markets closed higher across the board, with the Nasdaq rising 1.35% to reclaim levels above 20,000; the S&P 500 gained 1.1%, and the Dow rose 0.91%. Major tech stocks saw widespread gains, with Tesla up over 7%, Netflix rising more than 2%, and Apple, Amazon, and Meta all gaining over 1%. Notably, Apple achieved new highs for three consecutive trading days, bringing its market capitalization to $3.9 trillion.

AMD rose 1.36%, Berkshire Hathaway Class B shares increased by 0.95%, while Eli Lilly saw a slight decline of 0.08%, and TSMC ADR dropped 0.5%.

Among popular Chinese stocks, the performance was mixed: Fangdd rose over 5%, NIO and Douyu increased by more than 3%, Xingshang Rongke gained over 2%, and Li Auto and Xpeng Motors both rose over 1%.

Tesla's Surge and Model Y Price Cuts

Tesla closed up 7.36% at $462.28, with a total market cap of $1.48 trillion. The company launched a "purchase existing vehicle down payment discount" campaign on its China website, offering a 10,000 yuan reduction for Model Y purchases. The starting price for the Model Y is now 239,900 yuan, with a 5-year 0% financing option available, resulting in monthly payments starting at 2,667 yuan. Tesla stated that the Model Y has reached its lowest historical and global price.

Additionally, the Tesla Shanghai energy storage superfactory is nearing completion, expected to be finished by the end of the year, marking a rapid 7-month construction period from start to finish.

Apple Seeks Defense in Google Antitrust Case

Apple is seeking to defend itself in Google’s upcoming antitrust trial in the U.S., stating that it cannot rely on Google to uphold revenue-sharing agreements, as Google pays Apple billions each year to remain the default search engine on Safari. Apple's lawyers indicated in court documents that regardless of whether payments continue, Apple does not plan to establish its own search engine to compete with Google.

How to Trade on uSMART

After logging into the uSMART HK APP, click on the search icon at the top right of the screen. Enter the stock code, such as "TSLA.US" to access detailed information, trading history, and trends. Click the “Trade” button at the bottom right, select the “Buy/Sell” function, and submit your order after filling in the transaction conditions.

（Source: uSMART HK）