Tesla broke out! The market value soared by 269.2 billion yuan.

　　On Tuesday, local time, the three major US stock indexes closed up slightly, with the Nasdaq and the S&P 500 both hitting record highs. NVIDIA rose 0.64% to close at $953.86 per share, also hitting a new closing high. NVIDIA will announce its latest results on Wednesday, local time. At present, the market predicts that NVIDIA’s revenue in the first fiscal quarter is expected to reach 24.65 billion US dollars, with a year-on-year increase of over 200%.

　　On the disk, Tesla rose 6.66% to close at $186.6 per share, and its market value increased by about $37.2 billion overnight (about RMB 269.2 billion). An executive of Tesla introduced the Semi truck at an Expo. He said that thanks to Tesla’s fastest charging technology, the Semi truck can travel 1000 miles in 24 hours.

　　On Tuesday, local time, Ethereum continued to rise, once exceeding $3,800, with a cumulative increase of over 30% in 7 days. As of press time, the price hovered around $3,790. In the news, people familiar with the matter said that on Monday, the US Securities and Exchange Commission asked Nasdaq and Chicago Board Options Exchange to fine-tune the listing application of spot Ethereum ETF, indicating that the institution may be ready to approve the application for spot Ethereum ETF.

　　Nasdaq, S&P 500 hit record closing highs.

　　On Tuesday, local time, the three major US stock indexes closed up slightly, with the Nasdaq and the S&P 500 both hitting record highs. At the close, the Dow rose 66.22 points, or 0.17%, to 39,872.99 points. The Nasdaq rose 37.75 points, or 0.22%, to 16,832.62 points; The S&P 500 index rose 13.28 points, or 0.25%, to 5321.41 points.

　　Fed officials said in a speech that they hope to see good inflation data for many months before starting to cut interest rates. Federal Reserve Governor Waller said on Tuesday that the latest consumer price index is a reassuring signal that inflation has not accelerated. The inflation data in April showed that the progress towards the 2% target may have resumed, but the progress was moderate.

　　At present, the market is waiting for the minutes of the Federal Reserve meeting and NVIDIA financial report to be released on Wednesday local time. At present, Wall Street is generally optimistic about NVIDIA’s performance in the first quarter, and NVIDIA’s performance may bring more catalysis to the market.

　　On the disk, most technology stocks rose, with Apple up 0.69%, Amazon down 0.21%, Nye soaring 1.53%, Google up 0.53%, Facebook down 0.9% and Microsoft up 0.87%.

　　NVIDIA rose 0.64% to close at $953.86 per share, setting a new closing high. Several analysts raised the target price of NVIDIA. NVIDIA will announce its latest results on Wednesday, local time. At present, the market predicts that NVIDIA’s revenue in the first fiscal quarter is expected to reach 24.65 billion US dollars, with a year-on-year increase of over 200%.

　　Most Chinese stocks fell, with Nasdaq China Jinlong Index down 2.27%, Alibaba down 2.44%, Baidu down 3.43%, Pinduoduo down 0.9%, JD.COM down 4.2%, Netease down 5.57%, Weilai up 0.57%, LI down 3.45% and Xpeng Motors up 5.92%.

　　Tesla rose nearly 7%

　　On Tuesday, local time, Tesla rose 6.66% to close at $186.6 per share, and its market value increased by about $37.2 billion overnight (about RMB 269.2 billion).

　　In the news, a Tesla executive introduced the Semi truck at a clean energy transportation Expo in Las Vegas. He said that thanks to Tesla’s fastest charging technology, Semi trucks can travel 1000 miles in 24 hours. At the same time, Tesla confirmed that it is expected to start delivering Semi trucks to customers by 2026. To this end, they plan to build a new factory in Nevada with a target annual production capacity of 50,000 vehicles.

　　However, Tesla has not been calm recently. Tesla shareholders called on investors to vote against Tesla CEO Musk’s $46 billion sky-high salary plan at the shareholders’ meeting held in June. They accused Musk of ignoring Tesla and focusing on the roles of other companies such as SpaceX and X, and Musk also poached key talents from Tesla for the new company.

　　In addition, the shareholder group also called on shareholders to refuse to let Musk’s brothers and friends be re-elected as Tesla directors on the grounds that they have close personal relations with Musk.

　　According to Bloomberg News, Musk plans to cut at least 10% of Tesla’s employees. This plan has been implemented for more than a month, but it has not yet been completed. This means that employees need to check their information when they wake up every day to know whether they still have jobs. According to informed sources, the rolling layoffs may last at least until June. Musk has not given employees a clear signal that the layoffs are over.

　　Ethereum continues to rise

　　On Tuesday, local time, Ethereum continued to rise, once exceeding $3,800, with a cumulative increase of over 30% in 7 days. As of press time, the price hovered around $3,790, and Bitcoin dropped slightly, but the price was still above $70,000.

　　On Monday, local time, Ethereum soared nearly 20%, and the price once exceeded $3,700, which was the main virtual currency with the largest increase. Bitcoin prices also broke through the $70,000 mark again after more than a month.

　　In the news, people familiar with the matter said that on Monday, the US Securities and Exchange Commission asked Nasdaq and Chicago Board Options Exchange to fine-tune the listing application of spot Ethereum ETF, indicating that the institution may be ready to approve the application for spot Ethereum ETF.

　　According to a report by Bloomberg on Monday, the US Securities and Exchange Commission asked an Ethereum spot ETF issuer to update its 19b-4 filing document. 19b-4 filing documents are one of the necessary documents for ETF listing. ETF issuers need to obtain the approval of 19b-4 form and S-1 registration statement before they can officially launch products.

　　It is reported that the US Securities and Exchange Commission will disclose whether to approve the listing of spot ETFs of Ethereum on Thursday.

　　Federal Reserve Report: Inflation has led to the deterioration of the financial situation of over 60% of American households.

　　According to CCTV news reports, on May 21, local time, the Federal Reserve released the "Report on the Economic Situation of American Households in 2023". The report shows that although inflation may have slowed down last year, it continues to have an impact on the livelihood of Americans.

　　According to the report, inflation has caused the financial situation of 65% American families to "deteriorate", and 19% of them said their financial situation was "very bad".

　　In addition, more than half of the adults said that there was no money left after paying the fixed monthly expenses. Before the end of the survey, 17% of the adults surveyed said that they could not pay all the bills in full. According to the report, 63% of adults said that the cash on hand was enough to cover the emergency expenses of $400.