TESLA 1Q ADJ EPS 41C, EST. 34C TESLA 1Q GROSS MARGIN 21.1%, EST. 17.7% TESLA 1Q EPS 13C VS. 12C Y/Y

Geopolitics & Iran Conflict - Trump may attend Iran-US talks either in person or virtually - India NDTV - White House plans meetings Tuesday in DC to discuss Iran - CNN - White House official: Vance has not departed for Iran talks - Vance’s trip to Pakistan has been postponed indefinitely, a U.S. source tells Axios reporter - Iran says participating or not in US talks undecided yet: Fars - Iran’s decision to not be in Pakistan Wednesday is final - Tasnim - Iranian army says Iranian tanker managed to entered territorial waters despite US threats - US has directed 28 vessels to turn around or return to Iran - U.S. imposes new Iran-related sanctions - Treasury Dept website - Trump extends Iran ceasefire, cites request from Pakistan leaders China Economy & Policy - China stats bureau: March urban youth unemployment rate (ages 16–24, excluding students) rises to 16.9% from 16.1% in February; rises to a four-month high - China MIIT: Q1 industrial robot output rises 33.2% YoY; integrated circuit production up 24.3% - China’s Shanghai issues plan for implementing the national digital economy innovation pilot zone (Shanghai) - China reduces gas, diesel prices by 555 yuan and 530 yuan per ton respectively from April 22 Technology & AI - Tencent AI: QClaw International Beta is now open - SpaceX hosting analysts at launch facility in Texas, data center in Tennessee this week ahead of IPO - sources - Musk bought $1.4 billion SpaceX shares, helping boost control - The Information Corporate & Industry - China Vanke proposes to defer 60% payments for bond due May 12 by one year - sources; proposes to pay 40% of onshore bond due May 12 - sources - China Vanke bondholders approve proposal to repay 40% of April 23 yuan bond, extend remainder by one year, filing shows - Hong Kong bourse plans to start zero-day options in early 2027 - CATL unveils batteries charged up to 98% in six mins - CATL launches lighter new Qilin battery offering 1000-km driving range - CATL says will build 100,000 power replenish facilities jointly with automaker partners by end of 2028 US Politics & Policy - Trump approval rating holds at 36%, tied with lowest of his term last month, Reuters/Ipsos poll finds - Trump on China: thought I had an understanding with Xi - CNBC interview - Warsh says he will absolutely not be president’s “sock puppet”

SK HYNIX STARTS BUILDING AN ADVANCED CHIP PACKAGING FACILITY IN APRIL SK HYNIX WILL SPEND 19 TRILLION WON TO BUILD A NEW CHIP FAB