(Text/Pan Yuchen, Editor/Zhou Yuanfang) On December 12, US stock closed, Tesla stock price fell 6.27%, closing at US$167.82, with a total market value falling to US$529.934 billion (about RMB 3.7 trillion), equivalent to evaporating about US$35 billion (about RMB 244.2 billion) overnight. Correspondingly, Tesla CEO (CEO) Elon Musk 's net assets also fell to US$181.3 billion (about RMB 1.26 trillion), and lost the throne of the world's richest man.
Tesla CEO Elon Musk Picture source: Visual China
Musk 's net assets are directly linked to Tesla's stock price. Currently, he holds a total of 14.11% of Tesla's issued shares. After Musk lost the throne of the richest man, Bernard Arnault, chairman of Louis Vuitton Group (LVMH), once again became the new richest man in the world with a net worth of US$186.2 billion (about RMB 1.3 trillion).
LV Chairman Bernard Arnault Picture source: Visual China
It is worth mentioning that Musk's value was once surpassed by Arnault last week. Although he later regained this position, his lead was very weak.
Since the beginning of this year, Tesla's stock price has fallen by more than 50% due to factors such as the epidemic, changes in the international situation, rising raw material prices, instability in supply chains, and unfavorable delivery volume. In addition, Musk's acquisition of Twitter for US$44 billion (approximately RMB 306.93 billion) is also one of the important reasons for accelerating the selling of Tesla stocks in capital market .
Passenger Car Association data shows that from January to November this year, in China, the world's largest new energy vehicle market, Tesla sold a total of 656,100 cars, and increased by 58.5% year-on-year, second only to new energy vehicle companies, BYD and SAIC-GM-Wuling . Among them, in November, Tesla's sales reached 62,500 units, a year-on-year increase of 96.9%.
But it is worth mentioning that more than 60% of Tesla's sales in China were used for exports in November, which was only included in sales in China. Tesla only ranked 7th among domestic new energy vehicle companies during the same period. In addition, with the expansion of production capacity , Tesla's delivery situation has also improved. In the Chinese market, Tesla's delivery cycle has dropped from the previous 1-3 months to within half a month now. In addition, Tesla also reduced its average domestic price by more than 20,000 yuan in October, reflecting to a certain extent the brand's delivery pressure under the intensified market competition.
Globally, in the first three quarters of this year, Tesla sold a total of 910,000 cars, which is still far from the annual delivery target of 1.4 million vehicles.
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