---
title: "Pre-market trading in the US: Tesla fell nearly 2%, leading the decline in tech stocks! Cryptocurrency-related stocks surged."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/109843921.md"
description: "Pre-market trading of Chinese concept stocks shows mixed movements. Bilibili is up by 2%, NetEase is up by over 1%, while Li Auto is down by nearly 3%. Alibaba, JD.com, NIO-SW, and XPENG-W are all experiencing declines. Microstrategy briefly surged by over 6%, Marathon Digital by over 4%, and Coinbase by nearly 2%."
datetime: "2024-03-13T10:19:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/109843921.md)
  - [en](https://longbridge.com/en/news/109843921.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/109843921.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/109843921.md) | [繁體中文](https://longbridge.com/zh-HK/news/109843921.md)


# Pre-market trading in the US: Tesla fell nearly 2%, leading the decline in tech stocks! Cryptocurrency-related stocks surged.

### U.S. Stock Market News

1.  A CNN reporter asked about U.S. lawmakers voting on whether to ban ByteDance from operating in the U.S. What is China's response?

Chinese Foreign Ministry spokesperson Wang Wenbin stated that in recent years, despite the U.S. failing to provide any evidence that ByteDance threatens U.S. national security, they have continued to suppress ByteDance. This practice of resorting to bullying tactics instead of winning in fair competition disrupts normal business operations, damages international investors' confidence in the investment environment, and undermines the normal international trade order, ultimately harming the U.S. itself.

1.  Apple officially announced plans to enhance the capabilities of its research center in Shanghai. Later this year, Apple will also establish a new application research laboratory in Shenzhen.
    
2.  Nio launches a promotion where customers buying a car will receive a free phone. "Pay a deposit before March 31, 2024, and purchase a 2024 model to receive a NIOphone after delivery! Only available in March!"
    
3.  Reports suggest that Xiaomi's first mass-produced car, the Xiaomi SU7, may initially offer two different configuration versions.
    

Lei Jun announced on Weibo that Xiaomi's car reservations at stores increased by over 100,000 people in a day.

1.  Multiple sources reveal that Blizzard's game in China is expected to officially announce its return within a month. After the return, NetEase Guangzhou will be responsible for operations, and Lei Huo will handle marketing.
    
2.  Recently, on the official website of XPeng Motors, co-founders Xia Heng and He Tao have transitioned from core management team members to lifetime honorary positions. XPeng Motors stated that Xia Heng and He Tao will continue to support the company's development as lifetime honorary advisors.
    
3.  The head of the Sora core team disclosed that Sora is currently in the feedback acquisition stage and is not yet a product. It will not be open to the public in the short term.
    

### Pre-Market Movers

In pre-market trading, the three major stock index futures in the U.S. showed mixed movements, with the fear index declining.

Bitcoin is currently at $73,242, up nearly 2% in the past 24 hours; Ethereum is at $4,051, up over 1% in the past 24 hours.

Tech stocks and Chinese concept stocks showed mixed movements in pre-market trading.

Tesla dropped by nearly 2%, NVIDIA slightly rose, while AMD, Meta, Amazon, and others declined.

Bilibili rose by 2%, NetEase by over 1%, Pinduoduo and Baidu by nearly 1%, Li Auto dropped by nearly 3%, while Alibaba, JD.com, Nio, and XPeng declined.

Pre-market trading for cryptocurrency-related stocks continued to surge, with Microstrategy briefly rising by over 6%, Marathon Digital by over 4%, and Coinbase by nearly 2%. In terms of individual stocks, Manbang surged more than 11% in pre-market trading, announcing a $450 million shareholder return plan.

Toyota fell over 1%, agreeing to workers' pay raise demands with the highest increase in 25 years.

Miniso's US stocks rose over 5% at one point, with both revenue and gross profit margin hitting new highs in the fourth quarter of last year, planning to distribute special cash dividends.

### Strategy Review

**1\. Why does Morgan Stanley insist on not being bullish on US stocks?**

As Wall Street banks are raising their forecasts for US stocks, prominent Wall Street bear and Morgan Stanley analyst Wilson insists on keeping the year-end target for the S&P 500 at 4,500 points. He believes that without widespread profit growth, there is not enough reason to raise expectations.

**2\. Bitcoin expected to rise to $150,000 next year?!**

Bernstein analysts believe that with the current strong momentum, the price of Bitcoin may "break out" after the halving in April! They are "more convinced now" that by mid-2025, Bitcoin will reach $150,000.

**3\. Why should we focus on US small and mid-cap stocks now?**

The surge driven by the "Big Seven" is clearly overheated! "We haven't seen any significant corrections in the stock market or the economy for a long time. The market now appears particularly fragile, and we seem more vulnerable to major adjustments."

### Related Stocks

- [Meta Platforms, Inc. (META.US)](https://longbridge.com/en/quote/META.US.md)
- [Alphabet Inc. (GOOGL.US)](https://longbridge.com/en/quote/GOOGL.US.md)
- [Alphabet Inc. (GOOG.US)](https://longbridge.com/en/quote/GOOG.US.md)
- [Microsoft Corporation (MSFT.US)](https://longbridge.com/en/quote/MSFT.US.md)
- [Apple Inc. (AAPL.US)](https://longbridge.com/en/quote/AAPL.US.md)
- [Amazon.com, Inc. (AMZN.US)](https://longbridge.com/en/quote/AMZN.US.md)
- [Tesla, Inc. (TSLA.US)](https://longbridge.com/en/quote/TSLA.US.md)
- [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md)
- [Advanced Micro Devices, Inc. (AMD.US)](https://longbridge.com/en/quote/AMD.US.md)
- [Strategy Inc (MSTR.US)](https://longbridge.com/en/quote/MSTR.US.md)
- [MARA Holdings, Inc. (MARA.US)](https://longbridge.com/en/quote/MARA.US.md)
- [Coinbase Global, Inc. (COIN.US)](https://longbridge.com/en/quote/COIN.US.md)
- [Bilibili Inc. (BILI.US)](https://longbridge.com/en/quote/BILI.US.md)
- [NetEase, Inc. (NTES.US)](https://longbridge.com/en/quote/NTES.US.md)
- [Alibaba Group Holding Limited (BABA.US)](https://longbridge.com/en/quote/BABA.US.md)
- [JD.com, Inc. (JD.US)](https://longbridge.com/en/quote/JD.US.md)
- [PDD Holdings Inc. (PDD.US)](https://longbridge.com/en/quote/PDD.US.md)
- [NIO Inc (NIO.US)](https://longbridge.com/en/quote/NIO.US.md)
- [XPeng Inc. (XPEV.US)](https://longbridge.com/en/quote/XPEV.US.md)
- [Li Auto Inc. (LI.US)](https://longbridge.com/en/quote/LI.US.md)
- [Baidu, Inc. (BIDU.US)](https://longbridge.com/en/quote/BIDU.US.md)
- [Full Truck Alliance Co. Ltd. (YMM.US)](https://longbridge.com/en/quote/YMM.US.md)
- [MINISO Group Holding Limited (MNSO.US)](https://longbridge.com/en/quote/MNSO.US.md)
- [Toyota Motor Corporation (TM.US)](https://longbridge.com/en/quote/TM.US.md)
- [NIO Inc (NIO.SG)](https://longbridge.com/en/quote/NIO.SG.md)
- [NIO-SW (09866.HK)](https://longbridge.com/en/quote/09866.HK.md)
- [XPENG-W (09868.HK)](https://longbridge.com/en/quote/09868.HK.md)
- [BILIBILI-W (09626.HK)](https://longbridge.com/en/quote/09626.HK.md)
- [Invesco Golden Dragon China ETF (PGJ.US)](https://longbridge.com/en/quote/PGJ.US.md)

## Related News & Research

- [Pallas Capital Advisors LLC Has $17.17 Million Position in Meta Platforms, Inc. $META](https://longbridge.com/en/news/281336595.md)
- [ANALYSIS-US tech stocks struggle for safe haven appeal in Iran market fallout](https://longbridge.com/en/news/281164444.md)
- [Elon Musk 'Starved The Balance Sheet' At Tesla Post-IPO To Keep Employees Sharp, Says Former TSLA President McNeill](https://longbridge.com/en/news/280773297.md)
- [Does Google's New TurboQuant Technology Mean the Party's Over for Micron?](https://longbridge.com/en/news/281339841.md)
- [Alibaba Exec Explains Why AI Agents Are The New Employees](https://longbridge.com/en/news/281049911.md)