Source: Zhitong Finance "Since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%)." With the rebound of the stock market, the old adage "Sell in May and Go Away" seems to have been a bad advice once again. Last month, the S&P 500 index rose 4.8%, the best May performance since 2009. The NASDAQ 100 index rose nearly 6.2%, and the NASDAQ Composite Index rose 6.9%. Goldman Sachs FICC & Equities Trading Division said: "History doesn't really support this saying. Don't sell, leave the market (go on vacation), and enjoy the good times." The rising trend is still to be continued? If history is any guide, it may indicate that the rise of the stock market is not over yet. Looking ahead to the rest of 2024, Scott Rubner, Managing Director of the Goldman Sachs Global Markets Division and tactical expert, pointed out the following historical background for investors. Rubner stated that the S&P 500 index has risen 10.7% year-to-date, and since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%). "Since 1950, the median return of the last 7 months of each year (June 1 to December 31) is 5.4%. In the aforementioned 21 cases, the average performance of the last 7 months increased to 8.1%." Rubner added. Rubner also pointed out that the NASDAQ index has risen for 16 consecutive Julys, with an average return of about 4.64%.

$Tesla (TSLA.US)$ In the third quarter, the delivery volume was 462,890 vehicles, slightly below the market's expected 463,897 vehicles, mainly due to ineffective incentives and low-cost financing that failed to boost demand for its outdated models. Nevertheless, the delivery volume of Model 3/Y reached 439,975 vehicles, exceeding market expectations.

Tesla's stock price fell over 6% in early trading, currently down 5.08%, but still up over 20% in the past six weeks, mainly driven by expectations for the upcoming Robotaxi event.

Meanwhile, $Lucid Group (LCID.US)$And$Rivian Automotive (RIVN.US)$The stock price also experienced fluctuations.

In the third quarter, Tesla produced 469,796 vehicles, with 3% of the total deliveries affected by operational leasing accounting. This quarter, the delivery of Model 3/Y was 439,975 vehicles, exceeding the market's expected 435,920 vehicles, while the delivery of other models was 22,915 vehicles, below the market's expectation of 26,315 vehicles. Compared to the same period last year, Tesla's deliveries increased. In the third quarter of the previous year, Tesla delivered 435,059 vehicles, while in the second quarter, it delivered 443,956 vehicles. Tesla's highest historical delivery record was 484,507 vehicles in the fourth quarter of 2023.

Looking ahead, Tesla is expected to host an event called 'We, Robot' on October 10th, which may showcase the Cybercab prototype, a two-door sedan with a front end similar to the Model 3. Additionally, Elon Musk and his team may provide more information on the size of the robotaxi market, the timeline for achieving unsupervised FSD, the potential for incremental AI-driven revenue, and other applications of the company's robotic technology.

Despite Tesla's third-quarter delivery volume slightly below market expectations, the deliveries of the Model 3/Y exceeded expectations, demonstrating the strong demand for the company's key models. The upcoming Robotaxi event and the outlook for the robotaxi market may provide more clues for Tesla's future development.

Editor/Jadyen