Fairview HK: The Dow Jones futures have gained ground despite a weakened market rally

On Sunday night, there was a small increase in the Dow Jones futures, as well as the S&P 500 futures and Nasdaq futures. This week, there will be a lot of news related to electric vehicles, including Tesla Investor Day and Elon Musk's "Master Plan 3"
 
CENTRAL, Hong Kong - April 17, 2023 - PRLog -- According to the Wall Street Journal, Pfizer (PFE) has initiated preliminary discussions to acquire Seagen (SGEN), whose market capitalization was valued at $30.1 billion at the end of trading on Friday. Merck (MRK) had engaged in advanced negotiations with the biotechnology firm in late 2022, but was unable to come to an agreement.

China EV Sales, Earnings

Li Auto (LI), a Chinese electric vehicle manufacturer, is scheduled to announce its fourth-quarter results ahead of Monday's market opening. NIO Inc. (NIO) is set to reveal its Q4 financials on Wednesday morning, while NIO, LO, and XPeng (XPEV) will also report their February deliveries. By Friday, China's electric vehicle and battery giant, BYD Company Limited (BYDDY), is expected to announce its February sales figures.

Tesla Investor Day

The highlight of the upcoming events is the Tesla Investor Day, which will take place on Wednesday, March 1. During the event, Tesla Inc. (TSLA) is expected to provide information on a new electric vehicle platform for a more affordable model. However, it remains uncertain when this platform will enter production. Additionally, the company might announce details on the much-anticipated Model 3 refresh, including specifics about the "Highland" upgrade.

It is anticipated that TSLA will unveil HW4.0, which is the latest hardware for driver assistance. This will include improved chips, additional cameras, and the reintroduction of radar. In 2016, Elon Musk had stated that all TSLA electric vehicles were "hardware ready" for complete self-driving capabilities.

Meanwhile, following price reductions in early January, Tesla experienced an initial surge in global orders. However, apart from the Model Y in the United States, demand for Tesla vehicles seems to be dwindling once more, resulting in an increase in inventories.

Fairview HK Limited is one of the foremost privately owned Asia-Pacific orientated, boutique wealth management firms in Hong Kong. We offer our services to a selected group of families, family offices, institutions and fund managers, you may visit our website https://fairviewhk.com/ or contact us via email.

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