---
title: "Pre-market trading in US stocks | Tesla surged 12%, Bilibili surged 8%! Chinese concept stocks, technology stocks are back?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/202690021.md"
description: "Tesla rose more than 12% in pre-market trading, Meta rose more than 2%, Nvidia and AMD rose more than 1%; Bilibili surged 8%, Nio, JD.com, Alibaba rose more than 2%, NetEase, Baidu, XPeng rose more than 1%. German biotechnology company Evotec plummeted 40% at one point. Digital accessibility company AudioEye surged nearly 12%"
datetime: "2024-04-24T10:11:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/202690021.md)
  - [en](https://longbridge.com/en/news/202690021.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/202690021.md)
---

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# Pre-market trading in US stocks | Tesla surged 12%, Bilibili surged 8%! Chinese concept stocks, technology stocks are back?

### U.S. Stock Market News

1.  On the afternoon of April 24th, U.S. Secretary of State Antony Blinken arrived in Shanghai, kicking off his second visit to China during his tenure.
    
2.  On Tuesday local time, the U.S. Senate passed a bill related to TikTok. According to reports, if U.S. President Biden completes the signing, the provision will give ByteDance, the parent company of TikTok, about 9 months to sell the app, otherwise facing a national ban in the United States.
    

In response, Chinese Foreign Ministry spokesperson Wang Wenbin stated that both I and my colleagues, as well as the spokesperson of the Chinese Ministry of Commerce, have previously clarified China's principled position on the U.S. Congress passing the TikTok-related bill, which you can refer to.

1.  Tesla CEO Elon Musk stated on the 23rd local time that the "Optimus" humanoid robot is still in the experimental stage and may be launched as early as the end of next year.
    
2.  Tesla China launched a zero down payment promotion, applicable to the Model 3 and Model Y; Tesla also reduced the prices of the Model 3 and Model Y in the Japanese market by 300,000 Japanese yen.
    
3.  Tesla China's official website shows that the new high-performance version of the Model 3 in China is priced at 335,900 yuan, with deliveries expected to begin in the third quarter of this year.
    
4.  According to Nio's official Weibo account, at 10:00 on April 25th, the 2024 Beijing International Auto Show Nio press conference will officially launch the 2024 Nio ET7.
    
5.  New Oriental: In the third quarter of the 2024 fiscal year, net revenue was $1.207 billion, a year-on-year increase of 60.1%; net profit was $87.167 million, an increase of 6.8%.
    
6.  Tencent released a large-scale "full-domain intelligence" solution for the automotive industry, which has been applied in five core scenarios of automotive research and development, production, marketing, service, and enterprise collaborative office. At the same time, Tencent released upgrade plans in areas such as intelligent car cloud, intelligent cockpit, and international expansion.
    

### Pre-market Movement

In the U.S. stock market pre-market, the three major stock index futures are mixed, with the fear index falling.

Bitcoin is currently trading at $66,388, up slightly in the past 24 hours; Ethereum is trading at $3,254, up nearly 3% in the past 24 hours.

Tech stocks, Chinese concept stocks, and cryptocurrency-related stocks are generally up.

Tesla surged over 12%, Meta rose over 2%, NVIDIA, AMD rose over 1%.

Bilibili soared 8%, Nio, JD.com, Alibaba rose over 2%, NetEase, Baidu, XPeng rose over 1%, Pinduoduo slightly up, Li Auto slightly down.

Microstrategy rose 0.7%, Coinbase rose 0.36%, Marathon Digital slightly down.

In terms of individual stocks, German biotechnology company Evotec plummeted by 40% at one point, with a significant decrease in 2023 revenue AudioEye, a digital accessibility company, surged nearly 12% as Q1 revenue exceeded expectations, with positive guidance.

Miniso rose nearly 5%, with Goldman Sachs raising its target price to HKD 61, expecting its sales momentum to remain robust.

EHang Intelligent Technology rose by about 3%, as the low-altitude economy accelerates.

### Strategy Review

**1\. Meta's pre-earnings analysis: The "AI potential stock" that cannot be ignored**

"The market is expecting strong performance to be announced, but the concern is that the price already reflects this, and the potential scenario is that the rapid growth rate will cool down."

**2\. "The most knowledgeable Apple analyst": Apple cuts Vision Pro shipments for 2024 and 2025**

Ming-Chi Kuo believes that Apple reduced orders before launching Vision Pro in markets outside the US, indicating a significant drop in demand in the US, beyond expectations. This also suggests that the development of MR headsets, Pancake, and Micro OLED may be lower than market expectations.

**3\. Financial conference call educates Wall Street! Musk: If you don't think Tesla is an autonomous driving company, then you shouldn't buy the stock**

Musk stated that if investors do not experience FSD firsthand, they cannot truly understand Tesla. He also revealed ongoing discussions with a car manufacturer regarding FSD licensing issues. Additionally, Tesla released a preview version of calling for autonomous driving cars through the app

### Related Stocks

- [Meta Platforms, Inc. (META.US)](https://longbridge.com/en/quote/META.US.md)
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- [AudioEye, Inc. (AEYE.US)](https://longbridge.com/en/quote/AEYE.US.md)
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- [Bilibili Inc. (BILI.US)](https://longbridge.com/en/quote/BILI.US.md)
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