Tesla shares fell sharply again. As of the close on December 27, Eastern Time, the U.S. stock market Nasdaq closed down 1.38%, and the popular technology stock Tesla fell 11.41% to close at $109.1 per share. billion U.S. dollars (about 309 billion yuan). It is reported that Tesla's stock price has fallen for seven consecutive trading days, and its stock price has fallen by more than 44% since December; the stock price has fallen by nearly 70% during the year, and its market value has evaporated by more than 920 billion U.S. dollars (about 6.4 trillion yuan).
After the market closed, Tesla’s stock price continued to fall by about 1.5% to US$107.47 per share, hitting a new 52-week low. On the surface of the
news, Tesla China said: "The annual production line maintenance work is carried out according to the plan for vehicle production. At the same time, the workers have worked hard for a year, so personnel are also rested during the production line maintenance period. Charging piles As long as the workshops have not shut down, the media’s report that the factory has stopped production is not entirely accurate.” However, some media said that Tesla’s Shanghai Gigafactory has extended the shutdown plan.
Tesla delivered about 343,000 vehicles worldwide in the third quarter, of which the Shanghai Gigafactory contributed about 188,000 vehicles, accounting for more than 54%. As of the end of November, the Shanghai Gigafactory had delivered more than 650,000 vehicles during the year.
In addition, Tesla gave a discount of US$7,500 to customers of the Model 3 and Model Y in the United States and Canada last week. Worried, this panic is finally reflected in the stock price in the form of crazy selling. At the same time, according to data from Edmunds, an auto industry research institute quoted by the Financial Associated Press, compared with other car brands, the price of second-hand Teslas has dropped faster. In the same period, the price of second-hand cars of other brands fell by only 4%. While Tesla's second-hand cars "no longer hold their value", their average inventory time at second-hand dealers is also significantly higher than the market average of 38 days at 50 days. In addition to market conditions, the actions of Tesla CEO Musk have also attracted the attention of investors. As Tesla's stock price continued to fall, after the market closed on December 22, Musk promised investors on Twitter that he would not sell any Tesla shares in the next 18-24 months.
But before making the promise, Musk had reduced holdings and cashed out nearly US$4 billion in three consecutive trading days on November 4, November 7, and November 8 respectively. From December 12th to December 14th local time, it reduced its holdings of at least 22 million Tesla shares, cashing out approximately US$3.58 billion. According to data, Musk has cashed out nearly US$40 billion in Tesla shares in 2022, which is almost close to the US$44 billion price of his acquisition of Twitter.
According to the Bloomberg Billionaires Index, after losing his position as the "world's richest man", Musk still ranks second in the world's richest man list with a net worth of US$130 billion, but he is no different from India's richest man, who ranks third. Gautam's wealth gap is narrowing, with Gautam currently worth $116 billion. (Text | Ruan Wenwen)
