AutoBeta(AutoBeta.net)10/26 Report--

When U.S. stocks closed on Oct. 25, Tesla's shares rose 12.66 percent to $1024.86, with a market capitalization of $1.03 trillion (about 6.58 trillion yuan), breaking the $1 trillion mark for the first time, making it one of the trillion-dollar automakers. Musk tweeted today: "Crazy trillion moments!" It is worth noting that yesterday, Tesla Musk retweeted a tweet saying that Tesla had a market capitalization of US $808 billion, which has exceeded the combined market capitalization of 11 traditional auto giants, including Volkswagen, General Motors, Ford and Honda.

The upsurge of the secondary market is often affected by the relevant good news. It is understood that Tesla submitted a document to SEC on October 25. According to the document, Tesla's income in the Chinese market reached 3.113 billion US dollars in the third quarter of this year, a sharp increase of 78.5% over the same period last year. In the first three quarters, Tesla achieved revenue of US $9.015 billion in China, accounting for about 25% of Tesla's global income, and this figure has exceeded Tesla's annual income of US $6.662 billion in China last year. According to data from the Federation of passengers, the retail volume of Tesla in China reached 53153 in September, an increase of more than 300% compared with the same month and the previous month. In the context of global car companies suffering from chip shortage, Tesla sales did not decline, but skyrocketed. As sales soared again, Tesla shares also broke through the high of $800,000 on October 12. U. S. stocks closed on October 12, Tesla rose 1.74% to close at $805.72, with a total market capitalization of $807.1 billion.

In addition, according to media reports yesterday, Tesla Shanghai R & D and Innovation Center and data center have been officially completed and will be put into use in the near future. In addition, car rental giant Hertz announced that it has ordered 100000 electric cars from Tesla and plans to rent them in major markets in the United States and parts of Europe from November. It is understood that the order value of the electric car is 4.2 billion US dollars. In the rapid growth of sales at the same time, Tesla's pace of production expansion has not stopped. According to Tesla's official news, the Berlin plant was completed in October and will be officially put into production after approval by the German government, while the ModelY production line at the Austin plant has been trial-produced, and the production capacity of the two plants has gradually climbed to 500000 / year. Citic Capital expects Tesla's global annual production capacity to further climb to 2.35 million vehicles by the end of 2022.

According to the relevant data: since Tesla went public in June 2010, the sales volume has increased rapidly. Currently, the only listed companies with a trillion-dollar market capitalization are Apple, Microsoft, Alphabet Inc. And Amazon. It took only 21 months for Tesla's market capitalization to range from $100 billion to $1,000bn. Tesla's market capitalization exceeded 102.66 billion US dollars in January 2020, surpassing Volkswagen's market capitalization of 99.4 billion US dollars at that time, second only to Toyota. On February 4, 2020, Tesla's market capitalization exceeded 150 billion US dollars. Tesla's share price rose 5% on June 10, 2020, with a market capitalization of US $183 billion, surpassing Toyota's market capitalization of US $180 billion, making it the world's largest car company by market capitalization.

For Tesla's market capitalization to exceed $1,000bn, analyst Dan Ives said that although Tesla's market capitalization broke through the $1,000bn mark, it had reached a "watershed" and Tesla was still in the early stage of the "green wave". At the recent shareholders' meeting of Tesla in 2021, Tesla Musk set a sales target of "annual sales of 20 million vehicles by 2030". Some people in the industry calculated that Musk wanted to achieve this sales target. this means that for every three electric cars sold in the world, two will be Tesla. As for the current situation of Tesla, Musk has also said bluntly that Tesla is mainly a production capacity problem rather than a demand problem.

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