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U.S. stock market update | Tesla (TSLA.US) rises nearly 7%, reaching a two-month high.
On Friday, Tesla (TSLA.US) opened high and rose nearly 7%, reaching its highest level since February 26, with a total market value close to the trillion-dollar mark, reporting at $303.27.
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U.S. stock market movements | Major Technology stocks are generally rising, and Apple (AAPL.US) is up nearly 1%.
Large Technology stocks are generally rising, as of the time of writing, Apple is up nearly 1%.
Express News | Tesla Shares Hit Two-Month High; Last up 6.3%
By comparing Apple, Tesla, and BYD, Morgan Stanley explained the logic behind Xiaomi's valuation potentially doubling within five years.
Morgan Stanley believes that, referencing the historical data of Tesla and BYD, as Xiaomi's electric vehicle sales explode over the next two years (with a CAGR of over 100%), the company's electric vehicle Business P/S is also expected to expand rapidly, reaching 2-3 times by 2026. Furthermore, with the model of "Smart Phone + AIoT + Internet services", Xiaomi is expected to replicate Apple's success, with Morgan Stanley predicting that this Business will reach a PE of 20-25 times by 2025.
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