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Elon Musk: Lowering Tesla’s Costs is a Penny Game and Feels Like Digging a Tunnel with a Spoon
Musk said lowering Tesla’s costs is a game of pennies and “sometimes feels like digging a tunnel with a spoon.” During Tesla’s third quarter 2023 earnings conference call, Tesla CEO Elon Musk repeatedly mentioned the negative impact of high interest rates on consumer confidence. ”Tesla is a very powerful ship, but in a storm, no matter how strong the ship is, there will be trouble.” The storm in Musk’s mouth refers to the high interest rate environment in the United States that has led to an increase in the monthly payment cost of car loans, even if Tesla Lowering prices does not make buying a car any cheaper for consumers.…
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Analyzing Discrepancies Within the Strong Yet Complex US Economic Recovery
Since the beginning of this year, the U.S. economy has not experienced the recession expected by the market, but has maintained rapid growth. However, this is contrary to the deterioration of some data indicators. Some people believe that the US data is suspected of “falsification”. In order to understand reality objectively and accurately, we must first avoid preconceived conclusions. In fact, the current U.S. economy shows certain characteristics of recession, that is, different industries have alternately weakened under the pressure of the Federal Reserve’s continued interest rate hikes, but the overall economy has remained at a relatively stable level. This exactly explains the contrast between weaker US data and stronger…
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Bracing for Impact: Analyzing the US Economy and Markets
The latest data released by the U.S. Department of Commerce show that the U.S. gross domestic product (GDP) grew at an annual rate of 2.4% in the second quarter of this year, higher than the first quarter and stronger than market consensus expectations. In the first seven months of this year, the three major U.S. stock indexes rose collectively, and the Nasdaq index rose by 37%. The “big seven” set off a big bull market in technology stocks. Among them, Nvidia rose by 219% and Microsoft rose by 40%. It’s hard to imagine that this is a story that happened during the Fed’s most aggressive tightening cycle in nearly 40…