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Needham Reiterates Buy on Archer Aviation, Maintains $13 Price Target
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Archer Aviation Analyst Ratings
Tesla Is Seen as Key in Integrating Chinese Tech Into the Electric Vehicle Sector
April's top 10 Electric Vehicles sales: Xiaomi makes a strong comeback while Tesla is on the verge of falling off the list.
In April, companies like Xiaopeng, Leapmotor, and Xiaomi boosted the share of new forces, while Tesla's share declined; Xiaomi Autos successfully returned to the top ten. Retail sales in April reached 0.029 million units, achieving a significant growth of 305%; Tesla's sales in China saw a noticeable decline. Retail sales in April were 0.029 million units, a year-on-year decrease of 8.6%, and a month-on-month drop of over 60%.
Paying for tariffs! The average price of new cars in the USA in April has reached the highest increase since the pandemic.
After deductions for discounts and promotions, the average price of new cars in the USA in April increased by 2.5% compared to March, far exceeding the typical increase of 1.1% during the same period in recent years. The only larger increase in the past decade occurred in April 2020, when prices rose by 2.7% due to factory shutdowns related to the pandemic.
Republicans Target EV Perks With New Bill: Ford, Tesla, Rivian Face Fallout As $200 Billion In Battery Belt Investments Hang In Balance
The bullish outlook from the China-US trade has ignited the enthusiasm of buyers, causing the Market Cap of the "Seven Giants" in the US stock market to soar by 6 trillion overnight!
① On Monday, following the agreement between China and the United States to mutually lower tariffs, the US stock market surged significantly; ② the Market Cap of the Magnificent 7 skyrocketed by 837.5 billion USD (approximately 6 trillion RMB), marking the largest increase since April 9. ③ Analyst Ives from Wedbush predicts that the US stock market and Technology stocks will reach new highs in 2025.
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U.S. stock market close: The Nasdaq surged over 4%, Chinese concept stocks performed even stronger, and the Golden Dragon Index outperformed the Large Cap.
① High-level economic and trade talks between China and the U.S. exceeded expectations, boosting U.S. stocks; ② Both the S&P and Nasdaq hit new closing highs since March 3; ③ NVIDIA rose over 5%, with its Market Cap returning to above 3 trillion; ④ Trump: Will investigate pharmaceutical companies if necessary.
Archer Says Has Forged A Partnership With Palantir To Build Artificial Intelligence For 'The Future Of Next-gen Aviation Technologies'