Preview of US Stock Market | The three major stock index futures fell together. The countdown to Trump's tariff statement has begun. Tesla, Inc. (TSLA.US) will soon announce its Q1 delivery volume.

laIn the first quarter, the delivery volume of Tesla, Inc. was approximately 377,000 vehicles, a decrease of 8.5% compared to the previous year and a decrease of over 20% compared to the previous quarter. If the delivery volume of Tesla, Inc. in the first quarter is 355,000 vehicles or less, this will be the worst year-over-year performance since 2017. This is a major test for the electric car manufacturer, and the role played by CEO Elon Musk in the Trump administration has damaged the Tesla, Inc. brand, leading to calls for a boycott of Tesla, Inc., resulting in a decline in sales in multiple markets. As of the time of publication, Tesla, Inc. pre-market trading on Wednesday fell more than 2%.Tesla, Inc.'s March sales in China dropped by 11.5% year-on-year. Data shows that Tesla, Inc. sold 78,800 passenger cars in China in March, a decrease of 11.5% compared to the previous year, but significantly higher than the 30,700 units sold in February. Meta(META.US) AI research director resigns, senior vacancy may impact AI ambitions. Vice President Pino, who leads Meta's Fundamental AI Research Group (FAIR), announced his resignation on Tuesday. Pino's team is responsible for Meta's AI research, focusing on areas such as speech translation, image recognition technology, and open-source large language models like Llama. The department also explores the development of Meta's "advanced machine intelligence," which aims to achieve human-level intelligence in machines. Pino's departure may make it more challenging for Meta to compete in AI products and talent against rivals such as OpenAI, Anthropic, and Elon Musk's xAI. Meta CEO Mark Zuckerberg has prioritized AI as Meta's primary focus and announced in January that the company will invest up to $65 billion in related projects this year. Is the meme stock frenzy making a comeback? Conservative media outlet Newsmax(NMAX.US) surged 22 times in its first two days of listing. Media company Newsmax's stock price rose nearly 180% on the second day of listing, reaching $233 per share with a total market value of nearly $30 billion. The stock has risen a total of 2,230% in the two days since its listing, with an IPO price of $10 per share. Former President Trump has given exclusive interviews to Newsmax several times, most recently last week. Meanwhile, the Trump administration has made adjustments to the White House press corps reporting on presidential affairs, with reporters from the Associated Press and Reuters being removed from the list, while staunch Trump supporter Newsmax benefitted. However, as of the time of writing, Newsmax's stock price has dropped over 28% in pre-market trading on Wednesday. Is there a "battle for orders" in the payment industry? Reports suggest that global payment giant Visa(V.US) has offered around $100 million to Apple Inc.(AAPL.US) in an attempt to secure the exclusive cooperation rights for Apple's credit card from rival Mastercard(MA.US). This move signals Visa's bold action in securing the Apple Card payments network and offers a prepayment typically reserved for major credit card projects. Industry analysts see this as a preemptive move by Visa to secure future potential earnings from Apple Card, demonstrating their determination to win this partnership. Visa is not the only one eyeing this opportunity, as American Express Company(AXP.US) is reportedly pursuing both issuing and payment network roles; Barclays PLC Sponsored ADR(BCS.US) and Synchrony Financial(SYF.US) among other established card issuers are also actively engaging; even JPMorgan Chase(JPM.US) has been in frequent contact with Apple Inc. since last year. This payment gateway battle has become a "arena" for financial giants. Important economic data and event preview: - 20:15 on Beijing time US March ADP Employment Change - 22:00 on Beijing time US February Durable Goods Orders Revised - 22:00 on Beijing time US February Factory Orders - 03:00 the next day on Beijing time US President Trump announces details on implementing reciprocal tariffs and industry-specific tariffs - 04:30 the next day on Beijing time Fed Governor Brainard speaks on inflation expectations.