Tesla is an automobile manufacturing factory under the world's richest man Musk. With its numerous innovative technologies, Tesla Automobile has become a new automobile giant that surpasses BMW, Mercedes-Benz, Audi and other vehicles. In the third quarter of 2022, Tesla's automobile delivery volume also increased by 40% compared with the same period last year. However, Tesla's stock price plummeted by 6% some time ago. So what happened to the automobile giant Tesla?

I think the reason why Tesla's stock price plummeted by 6% this time is that Tesla originally planned to deliver about 350,000 cars in the third quarter. However, with the official release of Tesla's sales in the third quarter, we found that Tesla only achieved 96% of the predetermined target, which means that Tesla made at least tens of billions of yuan less in the third quarter. Tesla's explanation for this is that the delivery date is limited due to the tension in supply chain relations.

Even so, in the future, countries around the world still have a huge demand for Tesla cars. For example, in my country, Tesla delivered a total of nearly 500,000 vehicles of various types of cars last year. In just one month this year, Tesla delivered at least 700,000 new energy vehicles to China, which only accounts for about 10% of Tesla's global sales. Since Tesla has made a huge increase in car exports, what causes its stock price to plummet?

Although Tesla still firmly occupies the top rankings in the automobile sales volume rankings, after all, heroes cannot stand up to the number of people. Some domestic brands have occupied the vast low-end automobile industry market with their high-quality, low-cost and wide variety of characteristics. With the increase in production, they will naturally lead to sales growth.

As the world's richest man, Musk has in addition to Tesla, there are also a series of cross-border businesses such as Starlink and independent brand mobile phones. This has also led to his inability to focus all his energy on Tesla cars. Combining the above factors, this has caused Tesla to increase its delivery volume by 40% in the third quarter of this year, but its stock price plummeted by 6%. This also means that Tesla can only occupy the high-end market in the future. For Tesla, which has not yet entered the mid- and low-end market, it seems that it can't compete with some domestic brands with good quality and low-priced prices.