U.S. stock market midday update: Chijet Motor announces share consolidation raises concerns, stock price plummets 9.45%

U.S. Stock Market Midday Update

Chijet Motor fell 9.45%. Based on recent news,

1. On October 29, Chijet Motor announced a 100-for-1 reverse stock split scheduled for November 3, 2025. This news raised market concerns about changes in the company's capital structure, leading to a significant drop in stock price.

2. On October 29, technical sentiment signals indicated a sell, with an average trading volume of 67,158,204 shares. Market sentiment leaned negative, further exacerbating the decline in stock price.

3. On October 29, the company released a statement mentioning that factors such as economic conditions, competitive pressures, and regulatory changes could impact the company's future performance. These uncertainties heightened investor concerns, resulting in a drop in stock price. Market sentiment is negative, and trading volume has increased, requiring attention to future trends.

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Tesla fell 3.93%, with active trading. Based on recent key news:

1. On October 30, Tesla announced a recall of 6,197 Cybertrucks due to potentially improperly installed off-road light bar accessories, increasing the risk of collision, which caused the stock price to drop over 4%. Data source: National Highway Traffic Safety Administration.

2. On October 29, Tesla's third-quarter earnings report showed revenue of $28.1 billion, but EPS and gross margin were below expectations, with increased pressure from tariffs and R&D costs, leading to a temporary drop in after-hours stock price. Data source: Bloomberg.

3. On October 29, Bank of America raised Tesla's target price from $341 to $471 due to increased valuations for Robotaxi and Optimus, causing the stock price to rebound. Data source: BofA Securities. The tech earnings season is underway, and the market is focused on the Federal Reserve's interest rate decisions.

Ford Motor fell 0.60%. Based on recent news:

1. On October 30, the National Highway Traffic Safety Administration announced that Ford Motor Company is recalling 163,256 vehicles in the U.S. market due to loose bolts on the seats that may prevent effective passenger restraint during a collision, increasing the risk of injury. This news raised market concerns about Ford's quality issues, leading to a drop in stock price.

2. On October 30, Ford Motor stated in a release that it will invest an additional $170 million in Argentina to produce plug-in hybrid Ranger pickups. Although this investment plan demonstrates the company's confidence in the future, its short-term impact on stock price is limited.

3. On October 28, Citigroup raised Ford Motor's target price from $11 to $13.5, maintaining a "neutral" rating. Despite the target price increase, analysts remain cautious about Ford Motor's overall rating. The automotive industry is currently facing dual challenges of quality issues and investment plans Rivian fell 4.56%, with increased trading volume. Based on recent key news:

4. On October 31, Rivian announced that Amazon deployed its first fleet of electric delivery vehicles in Canada. Although this news has a positive impact on the company's future development, it failed to immediately boost the stock price.

5. On October 29, Rivian's Chief Financial Officer stated that the company plans to utilize the $6.6 billion loan from the Biden administration, which raised concerns in the market about the company's financial health, leading to a drop in stock price.

6. On October 28, analysts rated Rivian as "underweight" and believed that five other stocks have more investment value, which weakened market confidence in Rivian. The demand for electric vehicles is growing, and market competition is fierce.

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Toyota Motor rose 0.08%. Based on recent key news:

1. On October 27, Toyota announced a 4.7% increase in global sales for the first half of the fiscal year, reaching a new high. Strong demand for hybrid vehicles in North America and China drove sales growth. Toyota's sales in the U.S. increased by 11.3%, and by 5.5% in China.

2. On October 29, Toyota denied plans to invest $10 billion in building a factory in the U.S. Although President Trump mentioned this potential investment, Toyota executives stated that they had not discussed specific amounts with the White House, emphasizing that they will continue to invest in the U.S.

3. On October 30, Toyota plans to expand its market share by opening new outlets in small towns in India. The goal is to increase its market share in India from 8% to 10% before 2030. Retail sales in the new energy vehicle market decreased by 8%