00 Unexpectedly, Tesla suddenly brought the market a surprise of .
Tesla stock price soared 21%
After the US stock market on Wednesday (October 23), Tesla released its third-quarter financial report.
report shows that Tesla achieved revenue of US$6.3 billion in the third quarter, a year-on-year decrease of 8%; and achieved a profit of US$150 million, a loss exceeding market expectations. Cash increased by $383 million to $5.3 billion in the quarter, of which free cash flow was $371 million.
This financial report was beyond market expectations, because in recent years, negative news about Tesla "burning money" and "slow production progress" have never stopped. In the first half of this year alone, the market value of Tesla was almost halved because the company's long-term profitability was questioned.
Now, as soon as this dazzling financial report was released, the market immediately became booming, and the stock price of Tesla rose sharply. On the same day, the stock soared 21% after the market trading, and the stock price exceeded US$300 to US$308.5 per share. This is also the first time that the share price of Tesla has exceeded US$300 since March 1 this year.
In addition, NIO, known as the "Chinese version of Tesla ", rose after the market.
A shares concept stock hit the daily limit
Tesla achieved profitability also led to the rise of A-share "friends". According to Oriental Wealth Choice data, as of Thursday (October 24), nearly half of the 66 Tesla concept stocks rose.
Among them, Weitang Industrial, Tian Automobile Model hit the daily limit; Xusheng Co., Ltd., Wencan Co., Ltd. and Daimei Co., Ltd. all had good gains.
Tesla achieved its first profit this year
Data shows that this quarter is the fifth profit since its listing on Nasdaq in June 2010, and it is also the first profit this year.
Tesla financial report shows that the profit in the third quarter is due to the improvement of operational efficiency. Although the average selling price of its Model 3 models has been further reduced, the gross profit margin further increased from 18.9% in the last quarter to 22.8%.
electric vehicle delivery volume reached 97,000 in the third quarter. Although it was slightly lower than the target of 100,000 set by Tesla , it still set a quarterly delivery record.
Tesla founder Musk said in July this year that the company will break even in the third quarter and resume profits by the end of the year. The latest financial report data means that Tesla has achieved early profit this year.
Tesla Shanghai factory will be put into production ahead of schedule
In addition to the beautiful financial data, Tesla third-quarter financial report has another highlight, that is, the Shanghai factory will be put into production ahead of schedule.
In the financial report of the day, Tesla announced that the Shanghai factory has entered the trial production stage ahead of schedule. Tesla revealed that in the Shanghai Super Factory, Tesla has already tried to produce the entire vehicle, from the body to the painting to the final assembly, achieving preliminary milestones related to the manufacturing license, and is working hard to confirm the final license and meet other requirements of the government , and then mass production and delivery of the Shanghai Super Factory began.
According to the plan of Tesla , it is expected that the Shanghai factory production capacity will reach 1,000 vehicles per week by the end of this year, and the production capacity will be gradually increased to 3,000 vehicles per week. By 2020, the production capacity is expected to reach 150,000 vehicles, and will reach 500,000 vehicles per year in the future.
Tesla said that China is currently the largest market for mid-sized luxury cars. Since the Model 3 is priced at the same price as the mid-sized fuel-fuel sedan (this does not include fuel saving and other advantages yet), it is believed that China may become the largest market for the Model 3.
Tesla What links in the industrial chain are worth paying attention to ?
With the start of production of Tesla Shanghai factory, institutions generally believe that components suppliers in Tesla industry chain will benefit.
Bohai Securities believes that with the smooth progress of the domestic production of Tesla , Chinese auto parts companies will usher in supporting opportunities. It believes that the existing domestic suppliers of Tesla are likely to continue to be selected into the Tesla supporting system. For the subdivided parts sector that has not yet entered the Tesla supporting system, high-quality companies have the opportunity to become suppliers due to their product cost-effectiveness.
Therefore, it is recommended that pay attention to the following aspects of : (1) It has become a first-tier supplier or second-tier supplier of Tesla ; (2) It is a high-quality enterprise that has not been selected for suppliers and may enter the Tesla supporting system in the future.
Guojin Securities also pointed out that in the context of the overall downward pressure on the passenger car industry has increased and the sales growth of Tesla Model 3 is clear, it is recommended that pay attention to Tesla industry chain.
Specifically, it is necessary to grasp the two key sub-links of the Auto Zero and LG supply chain:
1) The Auto Zero link is expected to benefit generally. Tesla settled in Jiangsu, Zhejiang and Shanghai Automobile Industry Chain is fully developed and mature, and localized industrial chain supporting is a common practice. It is expected that suppliers who have entered Tesla in the next two years will directly benefit from the positive volume of Model 3, and there is also a risk of suppliers with lower gross profit margin or lower replacement cost of Tesla . For potential suppliers, new entrants in the Tesla supply chain can achieve pure incremental results.
2) LG's supply chain brings incremental battery links. According to Korean media THEELEC, due to the insufficient production capacity of Panasonic (24GWh Panasonic capacity vs 35GWh total demand), Tesla will purchase NCM811's 21700 cylindrical power battery from LG Chem Nanjing factory, and the modified battery will be assembled on Model 3. Assume that the annualized battery demand for 60KWh is 9GWh, the annualized battery demand for 60KWh is 9GWh. Many domestic companies that have entered the LG supply chain benefit, such as Dangsheng Technology (positive electrode material), Putailai (negative electrode material), Shanshan Co., Ltd. (negative electrode material), Xingyuan material (diaphragm), Enjie Co., Ltd. (diaphragm), Xinzhoubang ( electrolyte ), Jiangsu Guotai (electrolyte), Kedali (structural parts), etc.
is for investors' reference only and does not constitute investment advice
