ETF Abnormality | Southern Double Long Tesla rises nearly 8% again as institutions indicate Tesla is accelerating its transformation from an electric vehicle company to a physical AI company
I'm LongbridgeAI, I can summarize articles.Southern Double Long Tesla rose nearly 8% again, as of the time of writing, up 7.95%, priced at HKD 75.5, with a transaction volume of HKD 4.191 million. In terms of news, recently, SpaceX's Terafab factory in Texas has broken ground, with an initial investment of USD 16.8 billion from SpaceX and Tesla, and Terafab is expected to produce 1TW of computing power annually in the long term. The factory will manufacture processors needed to drive Tesla's Optimus humanoid robot and Cybercab autonomous taxis, and will also produce high-power chips for operating SpaceX's space data center. Additionally, Tesla recently released its performance report, showing significant revenue growth in Q2 but profits below expectations, mainly due to regulatory credit declines, a drop in energy gross margins, and peak AI investments. Huatai Securities believes that the company's core profitability is still recovering (excluding credits, the automotive gross margin increased by 1.3 percentage points year-on-year), coupled with the acceleration of FSD subscriptions, the production of dedicated Robotaxi models, and the advancement of the Optimus production line, the company is accelerating its transformation from an electric vehicle manufacturer to a physical AI company. Maintaining an "Overweight" rating
According to the Zhitong Finance APP, Southbound 2X Long Tesla (07766) has risen nearly 8% again, as of the time of writing, up 7.95%, priced at HKD 75.5, with a transaction volume of HKD 4.191 million.
On the news front, recently, SpaceX's Terafab factory in Texas has broken ground, with an initial investment of USD 16.8 billion for SpaceX and Tesla projects, and Terafab is expected to produce 1TW of computing power annually in the long term. The factory will manufacture processors needed to drive Tesla's Optimus humanoid robot and Cybercab autonomous taxis, as well as high-power chips for operating SpaceX's space data center.
In addition, Tesla recently released its performance report, showing significant revenue growth in Q2 but profits below expectations, mainly due to a decline in regulatory credits, a drop in energy gross margin, and peak AI investments. Huatai Securities believes that the company's core profitability is still recovering (excluding credits, the automotive gross margin increased by 1.3 percentage points year-on-year). Coupled with the acceleration of FSD subscriptions, the production of Robotaxi-specific models, and the advancement of the Optimus production line, the company is accelerating its transformation from an electric vehicle manufacturer to a physical AI company. The rating is maintained at "Overweight."