AutoBeta(AutoBeta.net)01/23 Report--

Tesla's share price hit a new high, with a market capitalization of more than $100 billion, becoming the first US automaker with a market capitalization of more than 100 billion yuan. Tesla shares rose 4.09 per cent to $569.56 at the close of trading on January 22nd, with a total market capitalization of $102.66 billion.

According to Tesla's current market capitalization of more than 100 billion US dollars, it has exceeded the combined market capitalization of Ford Motor (36.318 billion US dollars) and General Motors (49.879 billion US dollars), or the market capitalization of Germany's Volkswagen Group (99.4 billion US dollars). Become the second largest automaker by market capitalization in the world. At the top of the list is Toyota, which has a total market capitalization of $197.411 billion.

Tesla's stock price has made history, reflecting market expectations and expectations and confidence in the future of electric vehicles. Some analysts pointed out that the strong performance of Tesla's supply chain has given the market a shot in the arm, and Tesla's market demand is expected to rise further. More importantly, Tesla made a major breakthrough in the layout of the Chinese market. Domestic Model 3 has begun to be delivered, and the price of less than 300000 yuan is very competitive at the same price.

Earlier, Tesla released the latest figures that both production and delivery exceeded 360000 vehicles in 2019, a record high, with year-on-year growth of more than 40%, and achieved the expected target, mainly due to a 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 at the Shanghai factory.

After the launch of the domestic Model 3, the market response was enthusiastic, and the price dropped to 299050 yuan. According to Tesla's sales staff, domestic Model sales reached the level of 1,000 vehicles in 3 days.

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 some people in the industry, 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 like a network. are world-class.

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