[trend of individual stocks]
14 August to 18 August
Last week, the S&P 500 fell by 2.11%, the Nasdaq Composite Index fell by 2.59% and the Dow Jones Industrial Average fell by 2.21%.
Tesla’s US stocks fell 11.19% last week.Last week, the total turnover was $126.017 billion. As of last week’s close, the US stock price was $215.49. The cumulative monthly decline of US share capital is 19.42%, the cumulative increase this year is 74.94%, and the cumulative decline in the past 52 weeks is 75.79%.
[Company comparison]
[Related News]
Siri can be used to control vehicles: Tesla App welcomes important updates.
Recently, I learned from Tesla official that in the latest version of the APP, iPhone users can control various functions of the vehicle through Siri. It is reported that users can complete actions such as window closing, volume adjustment and setting air conditioning temperature through Siri voice. However, if you want to control the vehicle through Siri, you need to use the shortcut command application. (Sina Finance)
Wang Xinwei, secretary of Shenyang Municipal Party Committee, and Lv Zhicheng, mayor, met with Tao Lin, global vice president of Tesla, and his party.
According to the news released by Shenyang, on August 19th, Wang Xinwei, member of the Standing Committee of Liaoning Provincial Party Committee and secretary of Shenyang Municipal Party Committee, and Lv Zhicheng, deputy secretary of Shenyang Municipal Party Committee and mayor, held talks with Tao Lin, global vice president of Tesla, who came to Shenyang, and his party. Wang Xinwei hopes that Tesla will seize the opportunities of green and low-carbon urban development, industrial transformation and upgrading, combine the basic advantages of Shenyang manufacturing with Tesla’s capital and technological advantages, expand the business layout and scale in Shenyang, establish a regional headquarters integrating sales, service and new technology display, increase investment in infrastructure such as charging piles, and plan to promote the establishment of production bases in Shenyang around the industrial directions of energy storage, artificial intelligence, robots, new energy and new energy vehicles, so as to achieve mutual benefit and win-win results in more fields.
Is the cryptocurrency plunging in the early morning related to Musk?
According to Sina, large cryptocurrencies plummeted in the early hours of this morning. Bitcoin once fell more than $2,000, and the number of positions in the whole network jumped to $650 million within an hour. The market is looking for positive reasons. Earlier reports of SpaceX selling bitcoin began to ferment on social media after the US market. According to the document, SpaceX, a company owned by Musk, wrote down the value of its bitcoin by $373 million last year and in 2021, and sold the cryptocurrency. Tesla had previously taken a similar approach to its bitcoin. It is not clear when SpaceX will sell Bitcoin.
Tesla CEO elon musk said on social media that he had just arrived in Japan.
According to CBN, Tesla CEO elon musk said on social media that he had just arrived in Japan.
Tesla’s new Model 3 has been mass-produced in Shanghai Super Factory and may be available for delivery in October.
According to the interface news, the information of Tesla insiders said that the mass production of Tesla’s new Model3 has started at the Shanghai Super Factory. It is reported that Model3 will further reduce the number of parts and reduce the complexity of the interior. With the integrated die casting process and the plan to reduce the number of parts, its production cost may be reduced by as much as 14%. Based on this, it is speculated that the price of the new Model3 may be lower than that of the old model when it goes on sale in October. It is understood that Tesla has set the initial monthly production capacity of the new Model3 at 10,000 units, which may reach 7,000 units in August. Tesla’s factory in fremont, California will soon start producing the new Model3, after which the new Model3 test car has appeared on the roads in California many times.
Tesla’s improved model 3 will begin mass production in China next month.
According to Bloomberg quoted by Cailian, Tesla’s improved model 3 will start mass production in China next month.
Agency: () In the second quarter, the sales of pure trams still followed Tesla closely.
According to the statistics of TrendForce Jibang Consulting, in the first half of 2023, new energy vehicles (NEV；; Including pure electric vehicles, plug-in hybrid electric vehicles and hydrogen fuel cell vehicles, the total sales volume was 5.462 million, with an annual increase of 33.6%. Among them, the sales volume of new energy vehicles in the second quarter was 3.03 million, with an annual increase of 42.8%, accounting for 14.4% of the total car sales in the second quarter, which contributed greatly to the sales growth in the first half of 2023. In the second quarter, the sales volume of pure electric vehicles (BEV) was 2.151 million, with an annual growth rate of 39.3%. Tesla and BYD ranked first and second respectively, both of which achieved the best sales results in a single season. Tesla’s market share was 21.7%, but it did not exceed the previous season’s results, while BYD’s market share increased slightly to 16.2%. Another China brand, Guangzhou Automobile Aian, came to the third place for the first time in the second quarter, accounting for 6% of the market. Guangzhou Automobile Aian mainly focuses on the China market, with high cost performance as its main selling point. Recently, it launched high-end cars with a price of more than RMB 220,000, trying to expand its product portfolio. There is little difference between the top 10 BEV brands in the second quarter and the first quarter. Except the top two brands are fixed, most other brands have changed their rankings. However, compared with the same period in 2022, the number of seats on the list of China brands has decreased, which is related to the increase in the number of pure trams in traditional car factories and the fierce competition among brands in China.
Tesla’s new Model 3 began to receive orders, and the store staff said that it would be available in September and October at the earliest.
According to CBN, the reporter learned from Tesla Store that the new Model 3 has begun to receive orders. Before the specific configuration of the new model is undecided, consumers can pay the 1000 yuan deposit in advance (non-refundable) and book it according to the minimum layout of the current Model 3. The store staff said that the new Model 3 will be launched in September and October. It is reported that the new Model 3 will make further efforts to reduce costs, and the body shell will be made of more large castings to reduce the number of components and further reduce manufacturing costs.
Texas approved the plan, and only companies that incorporate Tesla technology into electric vehicle charging stations are eligible for federal funds.
Reuters, Aug. 17 (Xinhua)-Texas approved a plan on Wednesday (16th), requiring that only companies that incorporate Tesla technology (NACS standard) into electric vehicle charging stations are eligible for federal funds, despite calls for more time to redesign and test charging pile equipment. (Interface News)
Musk: FSD V12 will be broadcast live on X next week.
A fan asked Musk on the social platform: "Elon, forget about fighting at home (in Zuckerberg). When will you broadcast the FSD beta V12 live on X? " Musk then responded: "Next week."
Tesla China Model S/X is now reducing the price of the car.
According to Tesla’s official blog news, Tesla cut the price again, and the Model S is now on sale at 754,900 yuan, with the original price of 808,900 yuan; The Model X car starts at 836,900 yuan, and the original price is 898,900 yuan.
Tesla Model 3 is redesigned or listed within half a month.
According to the China Securities Journal, when the reporter visited Tesla’s sales stores on August 15, he found that even if the current car of Tesla Model 3 was superimposed with multiple discounts, it still could not be sold. Customers waited for the Model 3 to be redesigned with more money, and the stores also quietly began to accept the reservation for the Model 3 to be redesigned. According to people familiar with the matter, the Model 3 redesign is expected to be listed within half a month. According to reports, Tesla’s Model 3 redesign has started trial production, and it is expected to start mass supply in September and start delivery in October. Compared with previous expectations, this progress has been advanced. In terms of price, according to the estimation of parts cost, the guide price of Model 3 is about 200 thousand yuan. In terms of batteries, the battery pack has been upgraded, and the rear-wheel drive version will be upgraded from 60kWh to 66kWh. In terms of appearance, the overall design of the new car feels similar to Model S, and the taillights are similar to Porsche Macan. In terms of hardware, it will be equipped with HW4.0 hardware and the autopilot chip equipped with HW4.0, and the computing power is about three times that of the current one.
Fisker announced that Tesla charging standard will be adopted.
Fisker official website, an American electric vehicle manufacturer, announced that it has signed an agreement with Tesla to adopt the North American Charging Standard (NACS) on its first vehicles in 2025. This move will provide Fisker owners with additional charging options, using Tesla’s 12,000 super charging stations in the United States and Canada. The agreement will cover all Fisker’s current and future vehicles.
Tesla pushes FSD scheme into China insider: Long-term test qualification needs to wait at least three months.
According to 36Kr, the local operation team was recruited, and Tesla deployed a fully automatic driving scheme to China. The development and testing of autonomous driving involves a lot of road information data collection and road safety issues, and many processes also need to be authorized by regulatory agencies. According to a person familiar with the matter, Tesla needs to apply for a temporary license in Pudong Lingang, where it is registered. After two weeks of trial operation, it will pass the approval of the relevant review meeting before it can get the long-term testing qualification. It will take at least three months to get this qualification.
Tesla deploys fully automatic driving scheme to China.
According to 36Kr, Tesla initially plans to set up a local operation team of about 20 people to promote the launch of the self-driving solution FSD(FullSelf-Drive) in the China market. "Tesla has sent engineers from headquarters for training." A person familiar with the industry chain said. At the same time, Tesla also tried to set up a data labeling team in China, with a scale of about 100 people.
The data shows that Tesla reduced its price by 20% in one year, and the overall price of electric vehicles dropped by nearly 18%.
According to the latest data from Kelley Blue Book, an American car data website, Tesla reduced its car price by 20% in one year, and the transaction price of electric vehicles as a whole also dropped by about 18%. Kelly Blue Book tracks average transaction prices and their comparison with the previous month and the same period last year. The average transaction price of Tesla in July was $54,660 (currently about RMB 397,000), which was 0.8% lower than that in June ($55,105). A year ago, in July 2022, the average transaction price of Tesla was $68,215, which was equivalent to a year-on-year decrease of 19.9%, which was the biggest drop among major automobile companies.
The public parking lot of Yueyang Airport no longer restricts Tesla’s entry.
According to Southern Plus news, a few days ago, the parking lot of Sanhe Airport in Yueyang, Hunan Province attracted attention because Tesla had the risk of leaking secrets in the sentry mode. On August 14th, the official platform of Tesla released a message saying that this function is turned off by default when the vehicle leaves the factory, and it needs to be turned on manually by the owner before it can be used. All data generated by selling vehicles in Chinese mainland market will be stored in China. On the 15th, the airport staff told reporters that Tesla can be parked in public parking lots and public areas of the airport.
"Sister Mutou" reduced Tesla for three consecutive days.
According to Sina Finance, Cathy Wood’s Ark Investment Management Company further reduced its holdings of Tesla shares on Monday, selling 8,972 shares worth about 2.15 million US dollars, which was the third consecutive trading day. Last Thursday and Friday, Wood’s fund sold 76,425 shares and 31,749 shares of Tesla respectively. In an interview at the end of last month, Wood explained why Tesla shares have been continuously reduced recently, saying that this is to better manage the portfolio. When Tesla’s weight in its portfolio exceeds 10%, it will lighten its position and allocate funds to other stocks.
Tesla launches new Model X and Model S in the United States.
According to Tesla official website, Tesla launched the new Model S standard endurance version and the new Model X standard endurance version in the United States, which are now available for ordering, and the prices are $78,490 and $88,490 respectively.
Tesla will build a "pioneering data center" to recruit a senior project manager for the data center.
According to Tesla’s latest recruitment notice, the company is looking for a senior engineering project manager in the data center, located in Austin, Texas. According to the recruitment information, the position includes layout design, infrastructure system and power distribution selection, leading the overall design and engineering of Tesla data center, and other responsibilities. Tesla will build a "pioneering data center".
Musk accepted the duel challenge with Zuckerberg.
Musk said on the social platform X that he was knocking on Zuckerberg’s door, "Accept the challenge and open the door."
Tesla responded to the price reduction: maximizing profits to consumers on the basis of cost control.
On August 14th, Tesla responded to the reporter for the reason of this vehicle price reduction, and this price reduction was for the consideration of giving consumers more benefits. Tesla has always insisted on cost-based pricing and maximized profits to consumers on the basis of cost control. (Beijing News)
Tesla: A data center has been established in China. All vehicle data in Chinese mainland market are stored in China.
Tesla said that unlike some brands that can remotely view the surrounding environment of vehicles through sentry mode, these data of Tesla vehicles are currently only stored offline in USB devices in the car, and neither the owner nor Tesla can remotely view them online. In addition, Tesla has established a data center in China to localize data storage. All data generated by selling vehicles in Chinese mainland market will be stored in China. In October, 2021, the competent government departments jointly issued "Several Provisions on the Safety Management of Automobile Data (Trial)", and Tesla, as the first batch of pilot enterprises, actively participated in the compliance pilot work organized by the competent authorities. (Tesla official Weibo)
Indonesian senior official: Musk decided to postpone Tesla’s global investment in the next year and a half.
According to Indonesian media reports such as Dedik and Kumparan, Indonesian Minister of Ocean and Investment Coordination Luhut said on the 14th that Tesla CEO Musk has decided to "postpone any investment of Tesla in the world in the next year and a half, including the promised investment in Mexico" because of "worrying about the world economic situation". According to reports, Luhut met with Musk in the United States earlier this month. (Sina Finance)
People close to Tucki: After Tesla’s price reduction, the price range does not overlap with the main sales range of Tucki G6, which has no effect on the competition pattern with G6.
According to 36Kr, a related person close to Tucki said that Tesla’s price reduction this time means that the long-life version and high-performance version of Model Y are reduced by 14,000 yuan respectively, and the price of subsequent versions remains unchanged; Judging from the public data, the four-wheel drive level of Model Y has only accounted for more than 10% of the price reduction, and the standard endurance version of 263,900 has not been reduced in price. After the price reduction, the price range does not overlap with the main sales range of Tucki G6, which has no influence on the competition pattern with G6; The G6′ s advantages in intelligence and space are still the strongest in the class of 250,000, and the standard endurance of Model Y263,900 will not drop, which has no impact on Tucki G6.
Tesla Model Y price reduction
Tesla official blog news, Tesla Model 3 now has a limited-time insurance subsidy of 8,000 yuan. From August 14, 2023, the starting price of the Model Y long-life version was adjusted from 313,900 yuan to 299,900 yuan, and the Model Y high-performance version was adjusted from 363,900 yuan to 349,900 yuan.
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