U.S. Stock Market Midday Update
XPeng rose 4.88%, with active trading. Based on recent important news:
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On August 11, XPeng launched the all-new P7, equipped with self-developed AI chips, pre-sales exceeded 10,000 units in 6 minutes and 37 seconds, and the stock price rose by 5.1%.
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On August 11, Jefferies raised XPeng's target price to 116.9 yuan, maintaining a &#34;Buy&#34; rating, which boosted the stock price.
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On August 8, the penetration rate of new energy vehicles increased in July, with XPeng and other new force brands gaining 2 percentage points in market share.
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Stocks with High Trading Volume in the Industry
Tesla rose 4.63%, with a trading volume of $17 billion. Based on recent key news:
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On August 8, Tesla obtained a ride-sharing permit in Texas, promoting its autonomous taxi service, with the stock price at one point rising over 3.9%.
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On August 11, Wedbush Securities gave Tesla an &#34;Outperform&#34; rating with a target price of $500, boosting market confidence.
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On August 9, Tesla obtained a ride-hailing license in Texas, further promoting its autonomous taxi service, and the stock price continued to rise.
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Ford fell 0.63%, with increased trading volume. Based on recent important news:
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On August 11, Ford announced a $5 billion investment in electric vehicle platforms, planning to launch a mid-size pickup truck in 2027, showing its proactive layout in electrification, which led to a decline in stock price.
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On August 11, Trump canceled the electric vehicle tax credit, increasing Ford's costs by $800 million, with an estimated annual impact of $2 billion, raising market concerns about its profitability.
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On August 11, Jefferies raised Ford's target price from $8 to $9, showing market confidence in its future development, but it failed to prevent the stock price from falling.
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Rivian rose 1.95%, with increased trading volume. Based on recent important news:
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On August 11, Rivian faced negative impacts from tariffs, trade regulations, and the cancellation of federal tax credits, leading to revenue losses, and the stock price rose by 1.95%.
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On August 10, Rivian's zero-emission credit sales decreased, and despite achieving gross profit for two consecutive quarters, the stock price was still affected.
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On August 9, Rivian released job postings for R2 steering wheel design, indicating its future development potential and attracting investor attention.
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Stocks with High Market Capitalization in the Industry
Toyota rose 0.34%, with increased trading volume. Based on recent important news:
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On August 8, due to the impact of U.S. tariff policies, Toyota expected its annual operating profit to decline by one-third, with a muted stock price reaction.
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On August 8, Toyota announced a recall of multiple models due to safety hazards, with limited market reaction
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On August 8th, the Tokyo Stock Exchange Index in Japan broke through 3000 points, and Toyota's stock price rose by 3.5%
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XPEV

XPeng rose 4.88%; Tesla rose 4.63%, with a transaction volume of $17 billion; Ford fell 0.63%, with a transaction volume of $483 million; Rivian rose 1.95%, with a transaction volume of $212 million; Toyota rose 0.34%, with a market value of $246.7 billion

- Xpeng Motors' stock rose 4.88% amid active trading, following the launch of its new P7 model and a target price increase by Jefferies.  
- Tesla's shares increased 4.63% as it received ride-sharing permits in Texas, with a positive rating from Wedbush Securities boosting market confidence.  
- Ford's stock fell 0.63% after announcing a $5 billion investment in electric vehicles and facing increased costs due to tax changes, while Rivian's shares rose 1.95% despite challenges from tariffs and reduced credit sales.

U.S. stock market update: XPeng up 4.88%