Elon Musk's Mouth, Deceiving People
The overall market opened low and oscillated before closing, with the Shanghai Composite Index relatively strong, and the ChiNext Index leading declines.
As of the close, the Shanghai Composite Index fell 0.05%, the Shenzhen Component Index fell 0.54%, and the ChiNext Index fell 1.04%.
More than 3,100 stocks in both markets declined, with a turnover of 93.35 billion yuan, up 14.6 billion yuan from yesterday. The north-bound funds purchased a net 7.65 billion yuan throughout the day.
The market's main trend is that concept stocks related to 6G and communication have surged collectively, while mid-cap stocks have rallied sharply, and ChatGPT concept stocks saw a sharp rebound after lunch. Textile and clothing stocks performed well.
The decline was led by track stocks such as Tesla.
From the news perspective,
A 6G-Global 6G Technology Conference will be held on March 22nd to 24th in Nanjing, which has driven up concept stocks related to 6G and communication.
Musk announced his "Master Plan 3" at Tesla's investor day today, but did not release any new cars or technologies. Instead, he emphasized reducing costs and increasing efficiency, leading the market to fall first before rebounding.
Musk introduced his own "Master Plan": storing energy for 240 TWH, generating renewable power for 30 TWH, investing $10 trillion in manufacturing, and requiring less than half of current fuel consumption.
He also outlined plans to outline a clear path for the Earth's sustainable energy usage, providing sustainable fuels for aircraft and ships, high-temperature heat transfer, and hydrogen. This will involve converting existing power grids to renewable energy sources.
Additionally, he mentioned that next-generation permanent magnet motors will not use rare earth materials at all, and that future cars can be assembled by many people simultaneously, reducing assembly costs by 50%.
He proposed the ultimate plan for producing fuel for lunar rockets.
Musk's big pie has had everyone feeling overwhelmed... He seems a bit like a "god gun".
Today is my 31st consecutive day of investing, and I automatically invested 1,000 yuan.
So far, I have invested a total of 37,000 yuan, with cumulative earnings of 22.42 yuan (as of March 1st).
After upgrading to a portfolio group, my investment has run for 308 days, with cumulative earnings of 3.52%, maximum drawdown of -3.76%, and annualized return of 4.32%.
I will continue to invest every Thursday, and I will update my portfolio's performance on the same day. Welcome everyone to supervise and join me in investing.