1. Tesla’s market value evaporated by 4.6 trillion yuan in less than a year?
According to the Daily Economic News, economic outlook and continued rising interest rates are posing huge downward pressure on Tesla. Tesla's stock price has fallen 50% from its all-time high. The market sell-off caused by tightening Federal Reserve policies is dealing a serious blow to growth stocks represented by Tesla. Tesla shares closed down 7.6% to $204.99 last Friday. The stock price has been halved from the high of $409.97 set on November 4 last year, and the company's total market value has fallen back to $642 billion.
Currently, Tesla's market value is about US$642 billion. Based on 3.13 billion shares of outstanding shares, Tesla's market value evaporated by US$641.6 billion (approximately RMB 4.6 trillion).
It is worth mentioning that Tesla continues to run wildly on the road to becoming a car company with a scale of tens of millions. On October 9, data from the China Passenger Car Association showed that from January to September this year, Tesla China achieved wholesale sales of 484,100 vehicles (including domestic delivery and export). This also means that the Shanghai Super Factory, as Tesla's most important production base in the world, contributed more than 50% of its output. Among them, the delivery volume in September exceeded 83,000, setting a new record for monthly delivery.
Before this, Tesla also released global production and delivery data for the third quarter of 2022 on October 3. During the quarter, Tesla produced 365,923 cars, including 19,935 Model S/X and 345,988 Model 3/Y; 343,830 cars were delivered during the same period, the most delivered quarter so far, up 42.4% year-on-year and 34.9% month-on-month.
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2. What should Tesla think about the stock price being cut in half?
We see that the stock price of Tesla, a famous new energy vehicle giant, has fallen 50% from its historical high. Many people are asking what is going on. How should we analyze and judge the performance of Tesla's current stock price?
First of all, the downward trend of Tesla's stock price is actually something that everyone expected. The core reason is that in the current process of market development, Tesla was extremely overvalued before, and Tesla's overall stock price continued to rise like a bubble, which is a relatively big problem in the process of market development. Because the value of the entire Tesla has been over-bubbled, the overall market development space has also been compressed on a relatively large scale, which may be Tesla's biggest problem. Therefore, under such a general background, after Tesla's own stock price is overvalued, there will inevitably be a process of value return. We can say that the current decline in Tesla's stock price is a manifestation of Tesla's value return.
Secondly, from the perspective of Tesla's value fundamentals, Tesla is actually facing a series of difficulties. The delivery volume of the entire car is facing relatively large pressure. The overall production capacity is insufficient, especially the influence of the supply chain system. The production and delivery of the human body is one of Tesla's biggest problems at present. At the same time, the rising price of Tesla cars actually puts huge pressure on demand. At present, the entire market is actually facing a downward trend of consumer demand, and more and more consumers are facing great pressure on the development of the entire market. Therefore, we see that consumers are currently inadequate in their willingness to buy new energy vehicles. As a result, Tesla is still promoting its own development through price increases strategies, which may lead to greater problems.
3. From the perspective of long-term market development, we are still very optimistic about Tesla's development, but whether its stock price can create such a high level may not be a very easy task. The core reason is that Tesla's overall market pressure is huge. The development of Tesla's overall stock price shows a process of rapid rise and fall. So a situation is likely to occur in the future, that is, Tesla changes towards Toyota as the market gradually matures. So, according to the logic of traditional automobile development, Tesla is likely to become a relatively mediocre stock, so whether Tesla will become a mediocre company is the core element of my future stock price development. For current Tesla, how to give the market more confidence and better expectations may be an answer that Tesla must give.
