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According to reports on the 6th, the stock price of Tesla has fallen continuously recently, hitting a low of US$566 per share on March 5, a drop of nearly 36% compared with the highest point of US$883 per share this year, and its market value has also shrunk by more than US$300 billion. According to reports, this figure is more than twice the combined current market value of Ford and General Motors , nearly $100 billion higher than Toyota, the second highest-market automaker in the world.
As of the close of March 5, Tesla closed at $597.95 per share, a drop of 3.78%. Not only Tesla , but other new energy vehicle stocks have also fallen one after another. Data shows that compared with the highest points previously reached, the current share prices of the three new energy vehicle companies, NIO, Ideal and Xiaopeng, have fallen by more than 40%, 50% and 60% respectively.
CNBC: Multiple factors cause the stock price of Tesla to fall
US CNBC analysis pointed out that multiple factors cause the stock price of Tesla to fall in this round. First, on the 4th of this month, Federal Reserve Chairman Powell said that the restart of the economy may put upward pressure on prices and boost inflation. The market is currently generally worried that interest rates will rise. This will lead to multiple technology stocks such as Tesla undergoing a pullback. This is mainly because technology stocks rely on expectations of a significant increase in future cash flow, and once inflation levels rise, the value of these future cash flows will undoubtedly be greatly reduced.
Second, now the competition in the electric vehicle field is becoming more and more fierce, and more investors no longer focus on Tesla , but gradually spread the eggs into other baskets. Ron Barron, the founder of US Barron Capital, has sold about 1.7 million shares of Tesla shares in the past six months, and instead invested in Tesla competitors - Cruise, a subsidiary of General Motors , and Rivian supported by Amazon. Earlier, in the fourth quarter of 2020, Bridgewater Fund sold its last 35,000 shares of Tesla shares. So far, the fund has cleared all its shares of 212,000 shares of Tesla shares bought in the fourth quarter of 2019. Just this week, a former director of Tesla said that Tesla will not always be the "king" in the electric vehicle field. At present, Tesla is facing great competitive pressure.
Third, the lack of "core" problem that has attracted much attention from the market has also caused headaches for many car companies, including Tesla . Tesla admitted that insufficient chip supply may have a significant impact on production in the first half of this year. Finally, for Musk, the founder of Tesla , cost control is a problem he has always had to face. At the end of last year, he pointed out in a letter to all employees that investors believe in the profitability of Tesla , but if investors change their mindset, the stock price of Tesla may plummet. At present, Tesla is building factories in Texas, the United States and Brandenburg, Germany at the same time. This will undoubtedly bring considerable financial pressure to Tesla .
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