Entering 2020, the stock price of Tesla seems to be stomping on the accelerator.
As of the close of this Monday (February 3), the share price of Tesla was US$780 per share, up 19.89%, setting the largest single-day increase in 2013html since May 5, and also made its cumulative increase of more than 86% this year. Based on Monday's closing price, Tesla market value is nearly US$140.6 billion, ranking second among global automakers, second only to Japan's Toyota (about US$193.7 billion).
This means that Musk has the upper hand in the long-term struggle with short sellers. Foreign media reported that investors who shorted Tesla lost a total of US$5.8 billion in January this year.
from foreign media related reports
Taking advantage of Tesla 's economic performance, Musk also stepped up recruiting talents. "Join the artificial intelligence team of Tesla !" Musk recently said on Twitter , "A doctoral degree is not necessary. I don't care whether you graduated from high school."
Musk recruits people for Tesla AI team
It doesn't matter if you don't have a college diploma
"Join the AI team of Tesla ! Report your work directly to me, and we meet/send emails/send text messages almost every day." According to the China News Service, citing the "United News Network" in Taiwan , Tesla CEO Musk tweeted on the 3rd to recruit talents for Tesla Artificial Intelligence (AI) team.
It is worth noting that Musk also tweeted: "Absolutely no need for a PhD. I don't care whether you graduate from high school." Instead, Musk is looking for people who have a "deep understanding" of artificial intelligence. Musk said that although "educational background doesn't matter", "all candidates" must pass the core coding test.
According to media reports, Musk has previously stated that he believes the degree is not important. Musk accepted German auto publication Auto in 2014 Bild said in an interview:
"No need for a college degree at all, nor even a high school diploma."
"If someone graduated from a great university, this may indicate that they have the ability to do great things, but sometimes it is not so . For example, like Bill Gates or Larry Ellison , Steve Job People like Si, who don’t graduate from college, but if you have the chance to hire them, it’s definitely a good idea. ”
Instead, Musk said he is looking for “people with extraordinary abilities. If you have a record of extraordinary achievements in the past, this extraordinary situation is likely to continue into the future.” ”
Tesla needs AI talent to achieve its ambitions for self-driving cars. According to the website of Tesla , the hardware of Tesla cars must be able to provide some current autonomous driving functions, and in the future, it will achieve "full autonomous driving capabilities". The hardware will require various software upgrades to be able to operate as an autonomous vehicle one day.
2 February 2, Musk also tweeted that ideally, he hopes that new employees of the Tesla AI team will work in California San Francisco Bay Area or Texas Austin , but there is also "possible work in a certain super factory in Tesla ".
Super Factory is where Tesla produces electric engines and battery packs. Currently, Tesla has super factories in Sparks, Nevada, NEW YORK, and Shanghai, China. In November last year, Musk announced that it would build a fourth super factory in Berlin, Germany.
Tesla stock price rose 19.89% on Monday
market value exceeded US$140 billion
As of the close of February 3 Eastern Time, Tesla (TSLA) stock price rose nearly 20%, closing at US$780 per share, with a market value of US$140.591 billion, setting a new record high.
Daily Economic News ( WeChat html No. 5: nbdnews) reporters noticed that market research company Argus Research previously raised its target price from $556 to $808.Analysts at the research firm said that Tesla's strong fourth-quarter results were the main reason for its hike in target prices.
A few days ago, the 2019 fourth quarter financial report released by Tesla showed that the company's revenue in the fourth quarter of 2019 was US$7.384 billion, a year-on-year increase of 2%; the net profit attributable to common shareholders was US$105 million, a year-on-year decrease of 25%.
Image source: Daily Economic News (Data Photo)
Some analysts believe that Tesla 's fourth quarter performance in 2019 exceeded market expectations, mainly reflected in three aspects: production capacity, demand and profit.
financial report shows that in Tesla delivered a total of 368,000 electric vehicles in 2019, a year-on-year increase of 50%, of which 301,000 and 67,000 were delivered by Model 3 and Model S/X, respectively, a year-on-year increase of 106% and -33% respectively.
In addition, Tesla announced that its new model Model Y will start delivery in advance until March this year, which is nearly half a year ahead of its previously announced delivery target for this fall.
Recently, good news came out of Tesla one after another. On Monday, Panasonic's battery joint venture with Tesla achieved quarterly profits for the first time. Panasonic chief financial officer Hirokazu Umeda said the losses at the company's battery plant operating in Nevada with Tesla have been compensated as rising production cuts raw material costs.
not only Panasonic, Tesla will also add LG and CATL as the company's battery suppliers. CATL announcement on the same day shows that the company will provide lithium-ion power batteries to Tesla from July 1, 2020 to June 30, 2022.
Short sellers were hit hard
lost a total of $5.8 billion in January
html For more than 0 years, investors who bought short positions have been betting on Tesla , betting that the company's stock price has fallen and profited from it. In January this year, because the stock price of Tesla soared by 55% and continued to hit record highs, the value of these short positions also plummeted with .According to statistics provided by Tencent Technology, fintech and analysis company S3 Partners, Tesla short sellers lost a total of US$5.8 billion in January, the largest on record and the largest loss of short positions in the US securities market in January. The second largest loss was investors who shorted Apple stock, with their combined losses reaching $1.3 billion that month.
Elon Musk Image source: Visual China
"This is equivalent to a big escape," said Tol Dusaniski, director of predictive analysis department at S3 Partners. He said many short sellers may still hold positions, hoping that the price of Tesla can fall or slowly fall over time. "It will take some time to get rid of the trap."
According to the First Financial News, billionaire and CEO of Galaxy Investment Michael Novogratz recently said that shorting Tesla made him fall into a blue nose and swollen eyes.
Novogratz said it plans to exit short positions without that much loss. Novogratz said bluntly, "I was so arrogant. I wanted to expose it on the top of the bubble, but I fell into a 'black circle'."
He also said that Tesla is indeed a great company, and he owns two Tesla cars. Tesla auto is full of technology and amazing. But a large number of investors poured into Tesla , which does not mean that Tesla is worth so much , Tesla stock price will not keep rising, it is now caused by the bubble effect.
(The content of this article is for reference only and is not used as an investment basis. Investors act on this basis at their own risk.)
edited by Zhao Yun Du Hengfeng
As of 24:00 on February 3, 20,438 confirmed cases of novel coronavirus pneumonia and 425 deaths.
