(Text/Editor Pan Yuchen/Zhou Yuanfang) On December 12, US stocks closed, Tesla shares fell 6.27% to close at $167.82, and the total market value fell to $529.934 billion (approximately RMB 3.7 trillion) ), which is equivalent to evaporating about 35 billion U.S. dollars (about 244.2 billion yuan) overnight. Correspondingly, Tesla CEO (CEO) Elon Musk net assets also fell to 181.3 billion US dollars (about 1.26 trillion yuan), and lost the throne of the world's richest man.
Tesla CEO Elon Musk Image source: Visual China
Musk’s net assets are directly linked to Tesla’s stock price. He currently owns a total of 14.11% of Tesla's outstanding shares. After Musk lost the throne of the richest man, Bernard Arnault, chairman of the Louis Vuitton Group (LVMH), once again became the new richest man in the world with a worth of US$186.2 billion (about 1.3 trillion yuan).
LV Chairman Bernard Arnott Photo source: Visual China
It is worth mentioning that Musk’s worth was once surpassed by Arnott last week. The advantage is very slim.
Since the beginning of this year, Tesla's stock price has fallen by more than 50% due to various factors such as the epidemic, changes in the international situation, rising raw material prices, unstable supply chains, and delivery volumes that fell short of expectations. 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 capital market ’s sell-off of Tesla’s stock. According to data from the Passenger Passenger Association, from January to November this year, in China, the world's largest new energy vehicle market, Tesla sold a total of 656,100 vehicles, a year-on-year increase of 58.5%. Enterprises are second only to BYD and SAIC-GM-Wuling . Among them, in November, Tesla's sales reached 62,500 vehicles, a year-on-year increase of 96.9%.
But it is worth mentioning that more than 60% of Tesla’s sales in China in November were for export, and only counting sales in China, Tesla only ranked 7th among domestic new energy car companies in the same period. In addition, Tesla's delivery situation has also improved as production capacity expands. In the Chinese market, Tesla's delivery cycle has dropped from the previous 1-3 months to less than half a month today. Moreover, Tesla also cut domestic prices by an average of more than 20,000 yuan in October, reflecting to a certain extent the brand's delivery pressure under intensified market competition. On a global scale, in the first three quarters of this year, Tesla sold a total of 910,000 vehicles, which is still far from the annual delivery target of 1.4 million vehicles.
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