Tesla s market value plummeted by 650 billion, and Musk ushered in the challenge of 2024!

Mondo Cars Updated on 2024-02-15

Tesla's market value is **650 billion, and Musk will usher in the challenge of 2024!

Tesla is recognized as a new energy vehicle manufacturer in the world, and in the new energy vehicle industry in the United States, it has almost single-handedly pushed it to the top. Tesla's performance in the three major electric vehicles has always been average, especially in the power battery, Tesla's excellent performance in smart technology has allowed its sales to grow.

However, no one expected that Tesla would emerge in 2023, and it would not be until 2024 that the market value would begin to **, and even Musk would have to"Row the cake"Finish.

According to the published figures, the day after Tesla announced its 2023 results, Tesla's **market capitalization** increased by 1213%, with a market value of 80.1 billion, equivalent to 574.3 billion yuan, which made Tesla suddenly the target of public criticism, and many people are speculating how Tesla will survive 2024.

You must know that more than 4 months ago, TSMC fell by 62 billion yuan, and many people were interested in TSMC"Downgrade"Now Tesla's stock price has plummeted, which inevitably raises concerns about Tesla's subsequent trend.

Tesla's current ** is down 286%, from the all-time high set by Tesla in December 2023, evaporated 94 billion yuan.

Needless to say, the ** of Tesla's stock price has also panicked many Tesla shareholders, so the larger ** will continue.

Tesla's share price**, largely because of Tesla's fiscal 2023 results"Weakness"。

According to figures released by Tesla, the total number of car deliveries will reach 188.8 million units by 2023, an increase of 36% year-on-year. Although it is close to its original goal, Tesla's performance in 2023 is not as 50% higher than Tesla's expectations.

In addition, Tesla's accounts receivable increased by only 3% to 251 in the fourth quarter of last year7 percentage points, while Tesla dropped from 238% slipped to 176%.

Tesla encountered such a situation entirely because he did not expect such a thing to happen. In the United States, the sales of new energy vehicles are only about 4%, so there are still many people who choose traditional fuel vehicles.

At the same time, Ford and FAW and other old Chinese fuel vehicle companies are also developing rapidly, BYD, Xiaopeng, Weilai and other Chinese new energy vehicle companies, have also entered the new energy vehicles, and Xiaomi, Huawei and other car companies have also set foot in new energy vehicles, and launched a cross-industry move.

As the growth rate of the market size slows down and the number of competitors increases, it is also normal for Tesla's shipment growth to slow down. In addition, Tesla has also begun to cut prices significantly in order to grab a larger market share. Now, several of Tesla's major models in China have fallen to about 200,000 yuan.

In the process of the development of the power battery industry, the first class of the battery has gradually declined, which has greatly reduced the production cost of the whole vehicle. However, such a large price cut will have a certain impact on Tesla's profit margin.

Considering Musk's series of moves some time ago, Tesla currently seems to be pinning its hopes on cheap new energy vehicles. For example, Tesla is going to introduce a rosewood model that is under 25,000 yuan, which is an affordable model.

Footnote. Tesla is facing a New Year's dilemma this year, with its market share continuing to decline, car shipments accelerating, and profits continuing to decline. But now Tesla's strategy has changed, and it is likely that it will launch a more accessible new car in the future to reverse Tesla's current predicament, no matter how confident Musk is, it will be difficult to convince the public in the market.

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