AutoBeta(AutoBeta.net)02/28 Report--

The share price of electric car maker Tesla fell sharply for four consecutive days. At the close of the US stock market on Thursday, Tesla's share price was $679, down 12.81% from the previous day's close of $778.8. Tesla's total market capitalization shrank to $124.741 billion.

Tesla registered 3563 new cars in the Chinese market in January, down 46.4 percent from 6643 in December and up 317.7 percent from 853 in the same period last year, according to the China Automotive Industry Information Network.

Although Tesla bucked the trend for two consecutive months in the sluggish new energy vehicle market, the electric car maker had to face huge challenges due to the short effective working days in January and the impact of COVID-19 's epidemic.

China's automobile market has declined for two consecutive years. Last year, China's cumulative car sales totaled 25.769 million units, down 8.2% from the same period last year. With the outbreak of the COVID-19 epidemic, car sales in China in January were 1.927 million, down 18.7% from the same period last year, of which 44000 new energy vehicles were sold, down 54.4% from the same period last year. Sales of new energy vehicles in China have fallen for seven consecutive months since subsidies for new energy vehicles declined in July last year.

Tesla began delivering domestic Model 3 models to consumers in January to boost global sales. Of the 3563 new cars registered by Tesla in January, 2605 were electric cars made in China.

The domestic version of Model 3 is produced by Tesla in the Shanghai super factory, which is Tesla's first manufacturing plant outside the United States and Tesla's third super factory in the world.

Affected by the COVID-19 epidemic, Tesla Shanghai super factory had been temporarily closed and production, and the delivery of new cars will also be delayed. Affected by the epidemic. At present, the factory has resumed production on February 10, fully producing domestic Model 3 models. Tao Lin, vice president of Tesla Global, has also said that delivery scheduled for early February after the Spring Festival will be suspended, and Tesla will try his best to make up for the pace suspended before the epidemic improves.

In order to increase market competition, Tesla is preparing for the construction of a super factory in Berlin, Germany, which will become Tesla's fourth super factory to cope with the increasing competition between BMW and Daimler Group.

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