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On July 8, 2025, the three major indices of the U.S. stock market opened collectively in the red, with technology stocks faring particularly poorly. Tesla's share price took a nosedive, plummeting by nearly 7%, and its market value suffered a significant contraction, capturing widespread attention across the market. Analysts predict that short sellers stand to gain approximately $1.4 billion from this downturn, underscoring the pessimistic outlook held by some investors regarding Tesla's short-term future. Conversely, the Nasdaq China Golden Dragon Index bucked the market trend, rising 0.8%, and Chinese concept stocks exhibited overall stability. Furthermore, cryptocurrency-related concept stocks also put in a strong performance, with share prices of companies like Bit Digital, SharpLink Gaming, and Circle all recording gains.
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