Tesla's market value evaporated, Musk's 2024 challenge!
Tesla is well-known in the field of new energy, even in the United States, it is almost a single person carrying the rise of the entire new energy industry. Tesla has not made much achievements in the three major electronic products, mainly relying on foreign batteries, but Tesla's sales are rising with advanced intelligent technology.
However, no one expected that Tesla's stock price would be in 2024**, so that Musk had to "draw a pie".
According to the released figures, the day after Tesla announced its 2023 earnings report, Tesla's **12.**13%, evaporated 80.1 billion US dollars, that is, 574 million yuan, for a while, Tesla was pushed to the forefront, and many people are speculating how Tesla will survive until 2024.
TSMC's **In the past four months**67 billion yuan**, which has caused many people to "bearish" about TSMC, and now Tesla's *** has caused people to worry about Tesla's future.
Tesla's **, from Tesla's peak in 2023, has shrunk by 286%, worth $94 billion. Tesla's stock price has already caused panic among some investors who hold Tesla shares, and the next ** will continue.
A large part of the reason for Tesla's *** is because Tesla has shown "fatigue" in its 2022 fiscal year performance report, which is why Tesla has such a situation.
According to figures released by Tesla, in 2022, there will be a total of 1808,600 vehicles, an increase of 36% over the same period last year. Although the expected effect has been achieved, compared to Tesla's annual growth rate of more than 50%, Tesla's sales are not satisfactory.
On top of that, Tesla's revenue in the fourth quarter of last year was only 251700 million, up 3% from the same period last year, while Tesla fell from 238% fell to 176%.
In fact, Tesla's current situation is not unexpected. In the U.S., sales of new energy vehicles are only about 4%, but there are still many people who choose traditional gasoline vehicles.
Chinese NEV companies such as BYD, XPeng and NIO, as well as established BEV companies such as Ford and FAW, as well as companies in other industries such as Xiaomi and Huawei, have also entered the NEV industry.
With the decline in market share and the increase in competitors, it is also normal for Tesla's sales to decline. Moreover, Tesla is also constantly reducing its sales, and many major models in China have been hit below 200,000, which is why Tesla is so crazy.
Even now, with the progress of the industry, the ** of batteries is constantly declining. However, such a large drop will definitely have a certain impact on Tesla's profits.
Considering Musk's behavior some time ago, it seems that Tesla is now planning to make a fuss about a lower new energy model. For example, Tesla's upcoming Red Wood Edition, which will be under $25,000, is definitely an affordable one.
P.S. Since the beginning of this year, Tesla has been in a dilemma, with its stock price plummeting, sales declining, and profits declining. But now it seems that Tesla's strategic shift is likely to shift the focus to cheap cars, whether this can reverse Tesla's current predicament, even if Musk is confident in his products, but to convince them, I am afraid it is a very difficult thing.
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