25.17 billion US dollars, Tesla’s latest ＂transcript＂ was announced, and it once fell more than 4% after the market! Want to launch a cheaper electric car？ Tesla responded： ＂Never heard of it.＂
Every edited Du Yu
On January 24th, local time, the three major US stock indexes closed mixed, with the Dow down 0.26%, the Nasdaq up 0.36% and the S&P 500 up 0.08%.
Most popular technology stocks rose, AMD rose by over 5%, NVIDIA rose by over 2%, and Meta and Google rose by over 1%. Semiconductor equipment, materials and robots were among the top gainers, with ASML rising by over 8%, American pixels by over 5%, Kelei by over 3% and Broadcom by over 2%. Solar energy and precious metals were among the top losers, with Cole Dai Lun Mining and Elgin falling more than 5%, Sunshine Power falling more than 4% and Hekela Mining falling more than 2%.
On January 24, local time, Tesla announced its fourth-quarter revenue.$25.17 billion, and analysts expected $25.87 billion.; The adjusted earnings per share in the fourth quarter was $0.71, and analysts expected $0.73; The gross profit margin in the fourth quarter was 17.6%, and analysts expected 18.1%; Free cash flow in the fourth quarter was $2.06 billion, and analysts expected $1.45 billion.
Tesla said that the team will be committed to launching the next generation of cars in Texas; Continue to make progress around the next generation platform; The growth rate of vehicle production/delivery in 2024 may be significantly lower than that in 2023.
Cybertruck, an electric pickup truck, will increase production and expand delivery in 2024. Cybertruck’s production increase process will be longer than other models.
As of the close of local time on January 24th, Tesla reported $207.83, a decrease of 0.63%. It is worth noting that after the announcement of the financial report,Tesla once fell more than 4% after hours..
On January 24, a news that Tesla will produce new models attracted market attention.It is reported that Tesla has informed suppliers that it hopes to start producing a new mass-market electric vehicle code-named "Redwood" in mid-2025, which is positioned as a "compact crossover". In this regard, the relevant person of Tesla China responded to the reporter of Company E: "I have never heard of it".
In fact, this is not the first time Tesla has been told to build a "cheap car".As early as 2018, Tesla CEO elon musk said that it would take three years to develop a low-cost electric vehicle. Musk admits that it is "very difficult" to develop such a car considering the economic situation and poor competitive environment of the automobile industry. In 2020, Musk postponed the planning schedule of affordable electric vehicles for three years.
In May 2022, Musk said that Tesla is developing two new products, and the annual sales volume is expected to reach 5 million. In November 2023, some media reported that Tesla planned to develop an entry-level electric vehicle at the Berlin factory in Germany. However, various rumors have not been officially commented by Tesla.
At the same time that new models will be pushed out, Tesla’s pure electric pickup truck Cybertruck has been airlifted to China, ready to launch a national tour. On January 24, before the official tour, Tesla also introduced Cybertruck to netizens in detail through live broadcast.
According to Tesla, Cybertruck adopts stainless steel exoskeleton body, armored glass and all-terrain tires, which are durable and can adapt to various road conditions, even driving on multi-planet surfaces. In terms of handling, Cybertruck’s performance is comparable to that of a sports car. It takes only 2.7 seconds to accelerate at 000 kilometers and the top speed is 209 kilometers per hour.
According to market analysis, Tesla Cybertruck has the strength to attract consumers’ attention in terms of market demand and performance configuration, but it faces a series of challenges to legalize it in China. It is reported that Tesla Cybertruck’s national tour has started a total of 8 cars, which will be exhibited simultaneously in Shanghai, Beijing, Shenzhen, Chengdu, Nanjing, Hangzhou, Xi ‘an and Chongqing.
Netflix shares rose 10.7% to $544.87, with a market value of $238.48 billion. According to China Fund, the streaming media company said that it added more than 13 million users in the fourth quarter, bringing its total number of users to a record high of 260.8 million.NetflixOur revenue is higher than analysts’ expectations, and our profit guidance for this quarter is also higher than analysts’ expectations.
Microsoft rose 0.92% to $402.56, with a total market value of $3 trillion..
Most of the popular Chinese stocks rose, and the Nasdaq China Jinlong Index rose by 1.88%. Vipshop will rise by over 8%, Tencent Music by over 4%, Futu Holdings and Baidu by over 3%, Pinduoduo, Manbang and Netease by over 2%, JD.COM and Alibaba by over 1%, and Weibo by a small margin. Xpeng Motors fell more than 5%, Weilai fell more than 2%, LI fell more than 1%, and Iqiyi and Bili fell slightly.
National business daily comprehensive securities times e company, China fund newspaper, market public information.
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Cover image source: Every reporter Zhang Jianshe