Tesla broke out! The stock price has risen by over 16%, and the market value has greatly increased by over 780 billion yuan! What happened？
On the evening of October 24, the three major US stock indexes opened mixed, with the Dow down 0.22%, the Nasdaq up 0.62% and the S&P 500 up 0.27%.
Large technology stocks were mixed, with Meta up 0.81%, NVIDIA up 0.63%, Amazon up 0.40%, Microsoft up 0.10%, Google down 0.31% and Apple down 0.26%.
Tesla’s share price soared by 16.08%, and its market value rose by 109.748 billion US dollars (about 781.166 billion yuan).
After the US stock market closed on Wednesday, October 23rd, EST, Tesla announced the financial data for the third quarter of 2024.
The data shows that Tesla’s revenue increased by nearly 8% year-on-year in the third quarter, which is still lower than expected, butProfit surprise, the gross profit margin rose by 195 basis points to 19.8% instead of falling year-on-year, and the gross profit margin of automobile business rose to 17.1% beyond expectations;The revenue from "selling carbon" increased by more than 30% year-on-year, hitting a single season high.
In the third quarter, the calculation of artificial intelligence (AI) training increased by more than 75%. In this quarter, Tesla deployed a cluster of 29,000 NVIDIA H100 chips in Gigafactory, a Texas super factory, and conducted training. It is estimated that it will have a production capacity of 50,000 H100 chips by the end of October.
Tesla proudly announced in the shareholder report that on October 22, it had produced 7 million cars, andThe latest Cybertruck has become the third best-selling pure electric vehicle in the United States, second only to Model 3 and Model Y. Tesla did not announce the specific sales volume of each model..
Musk said thatHe predicted that Tesla car sales will increase by 20% ~ 30% next year; Cybercab will be mass-produced in 2026, with the goal of producing at least 2 million units per year.
Musk said thatWhen Tesla’s cheap electric car model comes out, the unit price will be less than 30 thousand dollars; Tesla will not produce cheap cars that lack a driverless version; The conventional $25,000 electric car will be "meaningless".
Tesla CFO Vaibhav Taneja said that the cost per unit vehicle hit a record low in the third quarter, which will be a trend we pay attention to, and promised that the company will continue to focus on cost reduction; Due to the release of FSD function, the profit rate of automobile business has improved.
According to Xinhua Financial News, in the early morning of October 24th, Beijing time, the Federal Reserve released the latest national economic situation survey report (commonly known as the "Beige Book", the same below). The Beige Book shows that, on the whole, since the beginning of September, the economic activities of almost all the American regions surveyed have not changed much. However, two regions experienced moderate economic growth. Although the uncertainty is still high, the respondents are slightly optimistic about the long-term prospects, and inflationary pressures continue to ease.
Looking at the inflation situation specifically, the Beige Book shows that the sales prices in most areas have increased slightly or moderately, but the prices of some foods such as eggs and dairy products have increased greatly. In many areas, house prices rose slightly, but rents were flat or slightly decreased. Many areas are concerned about the increase in consumer sensitivity to prices.
On October 10th, the latest inflation data of the United States showed that the CPI (Consumer Price Index) of the United States rose by 2.4% year-on-year and 0.2% quarter-on-quarter. Excluding volatile food and energy prices, the core CPI of the United States increased by 3.3% year-on-year and 0.3% quarter-on-quarter in September. Overall, the inflation value dropped to a three-year low, but the "cooling" rate of inflation was slightly lower than expected.
National business daily is integrated from Xinhua Finance and Public Information.