In pre-market trading, Tesla's performance was weaker than other members of the “Big Seven Tech Giants”. Following the Democratic Party's sweeping victory, the total market value of Elon Musk's electric vehicle company and space exploration technology company evaporated to 130 billion US dollars on Wednesday, and the stock's decline is expected to continue. Meanwhile, investors are betting that once the Democratic Party takes control of Congress, it will limit large AI-related spending, which will consume large amounts of free cash flow, and the stock prices of other US tech giants are expected to continue to strengthen.
Zhitongcaijing · 1d ago
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In pre-market trading, Tesla's performance was weaker than other members of the “Big Seven Tech Giants”. Following the Democratic Party's sweeping victory, the total market value of Elon Musk's electric vehicle company and space exploration technology company evaporated to 130 billion US dollars on Wednesday, and the stock's decline is expected to continue. Meanwhile, investors are betting that once the Democratic Party takes control of Congress, it will limit large AI-related spending, which will consume large amounts of free cash flow, and the stock prices of other US tech giants are expected to continue to strengthen.
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