Tesla's market value evaporated overnight 960 billion
Federal Reserve Chairperson Jerome Powell said at a press conference that interest rates will be raised in the future in response to high inflationary pressures. He stressed that while the U.S. economy is growing, inflation is still too high. This suggests that the Federal Reserve may start raising interest rates in the coming weeks to control inflation.
At the same time, the news of the 25 basis point interest rate cut also triggered market concerns about the global economic slowdown. Due to the uncertainty of global economic growth, investors are pessimistic about the global economic outlook, causing the stock market to fall, and the three major US stock indexes have hit new lows. In addition, popular stocks such as Tesla and Bitcoin have fallen sharply. Among them, Tesla's stock price fell by more than 8%, and its market value evaporated by more than 960 billion yuan; Bitcoin's price plummeted by more than 6,000 US dollars.
In the face of these unfavorable factors, investors should remain calm and avoid excessive panic. Despite some uncertainties and risks, in the long run, the economic fundamentals remain strong and the market is still expected to rebound. Therefore, investors should pay attention to the financial condition and business development of the company, and choose those companies with solid performance and reasonable valuation to invest in. At the same time, they can also consider diversifying their investments to reduce the risk of single assets. In general, the current market environment is not suitable for blindly following the trend, and investors should make informed investment decisions according to their own situation.