AutoBeta(AutoBeta.net)01/14 Report--

The share price of Tesla hit a record high again. Tesla shares rose 9.77% after the opening of trading on Monday, breaking US $500 for the first time, and finally closed at US $524.86, with a total market capitalization of US $94.6 billion, an all-time high.

Tesla's share price reflects market expectations and expectations, which is higher than the market capitalization of GM and Ford combined. Oppenheimer, an investment bank, immediately raised Tesla's target share price to $612 from $385.

Tesla released the latest figures not long ago, the production and delivery of more than 360000 vehicles in 2019, a new high, year-on-year growth of more than 40%, and achieved the expected target, mainly due to the sharp increase in Model 3 production.

Last year, Model 3 produced 302276 vehicles and delivered 300600 to consumers, accounting for 82.8% of Tesla's annual production and 81.9% of delivery. Compared with 2018, production of Model 3 increased by 97.6 per cent in 2019 and delivery increased by 106.4 per cent.

However, the large-scale delivery of the Model 3 also undermined the performance of the other two electric vehicles. In 2019, Model S and Model X produced a total of 62918 vehicles and delivered 66600 vehicles to consumers.

Tesla's soaring share price has also benefited from its recent outstanding performance in the Chinese market. The Shanghai Super Factory took a year to build and put into production. The domestic Model 3 was delivered to internal employees at the end of last year and was officially delivered to consumers in January and July 2020. 'The Tesla Shanghai Super Factory has high hopes. Thanks to the support of the Shanghai municipal government and the work of the Shanghai team, we have jointly created an amazing speed in Shanghai, 'said CEO Musk's Shanghai factory.

After the domestic Model 3 was included in the new energy subsidy, the price threshold was reduced to less than 300000 yuan. According to a survey conducted by the media, Tesla's sales store is currently hot, with a daily sales level of 1,000 vehicles.

According to Tesla's latest release, the output of the Shanghai super factory has reached 3000 vehicles a week, and 30 per cent of Model 3 parts have been localized. the localization rate of car body parts is expected to reach 80 per cent in July 2020 and 100 per cent by the end of 2020. This also means that with the gradual localization of Tesla's supply chain, it is possible to further reduce prices in the future.

According to industry analysts, it remains to be verified that Tesla has become the Apple of the automobile industry, but once it does, it has greater potential than Apple, constantly upgrading charging content services and rapidly expanding Tesla charging posts and charging stations connected to the network. are world-class.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat