With the growth of technology stocks, U.S. stocks and Hong Kong stocks have all been hit. Competition in the auto sector has intensified, and the stock prices of Tesla and Li Auto have fallen rapidly in the short term.
Text: "Autobots" Zhang Heng.
On March 5, the Hang Seng Index opened with a gap and opened low, opened low and went low throughout the day, closing down 261% to 16,162 points. This is the biggest drop since the Hang Seng Index bottomed out at the beginning of the year (23 January)**. The Hang Seng Tech Index plunged 434%, the Hang Seng China Enterprises Index fell more than 26%。
Internet platform stocks and auto stocks fell collectively. JD.com (down 7.).54%), (down 5.).74%), Meituan (down 5.).63%), Alibaba and Tencent also could not escape the doom. The auto sector was dragged down by the U.S. stock Tesla's stock price fell more than 7% overnight, and was generally lower, especially new energy vehicle stocks. Among them, Leapmotor **562%, Li Auto**500%, NIO**449%。
That night, the U.S. market opened with a trend, with major stock indexes all down more than 1%. Dow Jones Index**104% to close at 385857 p.m.; NASDAQ index**165% to close at 1593959 points.
Similarly, the shares of big tech companies in the US stock market generally declined, with Intel** falling more than 5%, Tesla falling nearly 4%, and Microsoft and Apple also falling nearly 3%. Nvidia and AMD set new records.
Most of the Chinese concept stocks**, NASDAQ China Golden Dragon Index**149%。NetEase, Bilibili and JD.com all fell more than 2%. In terms of auto stocks, NIO**281% to 5$48 shares, which hit their lowest since June 2020 in early trading due to a sharply lower open4$87 shares; Li Auto rose slightly by 043%；Xpeng Motors** flat; Lotus plunged 1373%, with a market capitalization of only 38$900 million.
On March 5, the Hong Kong market was hit by three news before the market, resulting in an immediate decline in the opening market.
The first is the overnight U.S. stock Tesla stock price **716%, the direct cause of which is that the latest data shows that shipments from Tesla's Shanghai Gigafactory fell to the lowest level in more than a year. To make matters worse, Germany** reported that Tesla's Berlin Gigafactory suffered an arson fire and a nearby power tower burned down, causing the factory to shut down and lose power. It is speculated that the fire may be related to environmental activists in the nearby area, but this speculation has not been confirmed.
The second is the poor response of the market for the first pure electric vehicle MEGA of Xiang Auto, resulting in a sharp share price. On March 5, after the opening of Hong Kong stocks, the share price of Li Auto fell all the way, down 913% to 151HK$6.
Some institutions believe that the order volume of MEGA is not ideal, mainly because of the high price and styling design. 550,000 yuan, but the product power is not outstanding; The novel styling has also polarized the reputation of MEGA, which is not acceptable to everyone.
On March 3, the night after the release of MEGA, Li Auto's U.S. stock fell sharply, down 510% to close at 43$54 shares; On March 4, Li Auto's Hong Kong stock fell 1071%, closing at HK$160 shares; On March 5, Li Auto's U.S. stock fell sharply again, falling by more than 13%.
The third is that Meituan's performance fell short of market expectations, resulting in a sharp increase of more than 6% at the opening of the morning market, and its main business was affected by Douyin's "Douyin Store" launched last year, and users can buy goods directly in **. This poses a threat to Meituan's e-commerce business.
Autobot believes that Tesla's Shanghai Gigafactory, once hailed as a successful example of Tesla's global expansion strategy, but the latest data shows that the factory's shipments have fallen to the lowest level in more than a year, which shows that Tesla's competitiveness in the Chinese market is not only declining, but the situation in the global market is also worth re-examining.
Tesla's Berlin Gigafactory was opposed by local environmental groups and residents in the process of building a factory in Germany, because Tesla's factory occupied a large area of forest land and destroyed the local ecological balance. As a synonym for environmental protection, if new energy enterprises show disregard for society and the environment, it will inevitably have an adverse impact on the brand image and even the new energy industry.
Li Auto is widely regarded as one of the most promising car companies among the emerging forces, and the success of its Li ONE model has also boosted people's confidence that the MEGA will be the next hot-selling model. However, the initial market response to MEGA's launch did not meet expectations, and sales were poor. If Li Auto is unable to effectively promote this new model, the market may question whether the success of Li ONE can be replicated, which will have a significant impact on the company's valuation. In addition, if the strategy is not adjusted in time, Li Auto and other new power brands may be overtaken by the new energy models of traditional car companies.
Due to the large increase in the early stage of the new power car companies, the performance of ** this time is also more intense. From Tesla's production problems to Li Auto's new car falling short of expectations, to Meituan's performance being challenged by Douyin, every piece of news can be an important factor in the stock price. New technologies and business models are constantly emerging. These new changes may bring new growth points to the market, and may also make the original leading companies face new competitive dilemmas. 【Copyright Notice】This article is the original manuscript of "Autobots", and it is not allowed to be unauthorized **.