ATFXTesla releases a quarterly report, experiencing a sharp increase in revenue and a significant decrease

Tesla was founded in2003Year, current total number of employees12.79Wanren is an American electric vehicle and energy company with multiple vehicle models, includingModel 3、Model Y、Model S、Model X、Cybertruck、Tesla SemiAnd a new oneTesla Roadster。2020Since the beginning of the year, Tesla has turned losses into profits, with a net profit7.21Billion US dollars, followed by a high-speed growth model:2021Annual net profit55.19RMB100mn2022Annual net profit125.6USD100mn Yesterday, Tesla announced2023First quarter financial report, total revenue233.3100 million yuan, a significant increase year-on-year24.38%But the net profit is only25.13100 million yuan, a significant decrease year-on-year24.26%, lower than the market's previous expectations. Affected by this, Tesla's stock price fell yesterday1.53%It is expected that the trend of decline will continue today.


Tesla Total Market Value5152Billion US dollars, ranking first among global car manufacturers. The total market value of Toyota, which ranks second, is only1835Billion US dollars, less than half of Tesla's.2020When Tesla first began to turn losses into profits in, Toyota's market value was1800Around $100 million, the main reason for standing still for four years is the lack of competitive new energy vehicles. Tesla in2020Insufficient annual total market value2000The billion US dollars have more than doubled in four years, indicating the enormous potential of the new energy market. The leader of China's new energy vehicle market is BYD, and based on today's closing price, BYD's total market value7112RMB 100 million, equivalent to USD1028Billion US dollars, far lower than Tesla. It can be seen that Tesla still has significant competitiveness in the international and Chinese markets, and the short-term decline in stock prices is not worth worrying about, while its long-term valuation is still rising.

Tesla's first quarter report also mentioned that Tesla's revenue in the Chinese market is48.91100 million US dollars, with a year-on-year increase of5.18%Lagging behind the overall growth rate. The proportion of revenue contribution in the Chinese market is21%Although far from over half, it is still an important component. Recently, Tesla announced the construction of a new energy storage super factory in Shanghai, China, which is the second factory in the world outside of the United States, indicating Tesla's importance to the Chinese market. The slowdown in the growth rate of the Chinese market is mainly due to the numerous competitors, not only domestic leaders such as BYD, but also new car manufacturing forces represented by "Weixiaoli". Objectively speaking, due to a lack of competitors, Tesla can rapidly expand in European and American countries, but in the Chinese market, it has had to take price reduction measures to seize market share.


From a purely technical perspective, Tesla's bearish trend will continue, and reliable bottom support has yet to emerge.2021year11Month to2022year4In January, Tesla's daily stock price formed a triple peak, and the early bullish trend completely ended.2022year5Since the beginning of the month, the daily stock price has experienced two significant rebounds, but none of them have been able to change the bearish trend structure. At the beginning of this month, Tesla's stock price fell below the trend line of its second rebound, indicating the beginning of a new round of downtrend. Current market price162.55The US dollar, with a medium-term target for decline120The US dollar, which means a rebound2The rising point of.

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There are risks in the market, and investment needs to be cautious. The above content only represents the analyst's personal views and does not constitute any operational suggestions. Please do not consider this report as the sole reference. At different times, analysts' perspectives may change, and updates will not be notified separately.

2023-04-25