Market value soared to more than 120 billion! Teslas price falls below 250000 yuan

 Market value soared to more than 120 billion! Teslas price falls below 250000 yuan

With the increase of endurance and the reduction of price, some netizens said: This is the victory of wait for the party.

There are also netizens asked: will it be cheaper to wait?

Teslas second big price cut this year

According to the news released by Tesla China on October 1, 2020, the price of the upgraded version of the model 3 made in China after subsidy is 249900 yuan, and the price of the long endurance rear wheel drive version of the model 3 made in China after subsidy is 309900 yuan.

At the same time, Tesla China claims that, thanks to advanced software technology and performance optimization, the range of the updated model 3 standard has been effectively improved by more than 20 km. Under the national standard operating mode, the comprehensive range reaches 468 km, the maximum speed is 225 km / h, and the acceleration time of 100 km is 5.6 s. Enjoy the same vehicle warranty and battery warranty (vehicle warranty: 4 years or 80000 km / battery warranty: 8 years or 160000 km).

It is worth noting that this is Teslas second price cut in the year since May 1, 2020. Prior to that, the price of model 3 standard extended version was reduced from 323800 yuan to 291800 yuan before subsidy. After enjoying the subsidy of 202250 new energy vehicles, the on hand price is as low as 2715500.

However, contrary to many peoples expectations, Tesla suddenly lowered its price on the first day of the fourth quarter of 2020, and the price reduction was so large.

With fierce competition in the automotive market, Tesla hopes to further seize the market and expand its advantages. Ernst & young partner Shuchang analysis said.

According to the latest data, in August 2020, Chinas pure electric vehicle sales volume was 77000, up 127.6% year-on-year, accounting for 88.1% of the total sales volume, 1.2% higher than that of the previous month. The market share further expanded, and the pure electric vehicle still occupied the main market share of Chinas new energy vehicles. Among them, Teslas domestic model 3 continued to win the sales championship with 11542 sales.

Revenue growth relies on Chinese market

According to the latest data released by the Joint Conference on passenger car market information (hereinafter referred to as the Federation of passenger cars), the sales volume of new energy vehicles increased significantly in August. The wholesale sales volume of new energy vehicles exceeded 100000, with a year-on-year growth of 43.7% and a month on month growth of 23.9%; the wholesale sales volume of pure electric vehicles was 82500, with a year-on-year increase of 45%, both of which achieved the strongest positive growth of this year.

Among them, the sales volume of Tesla Model 3 reached 11811, ranking first in the sales volume of new energy vehicles in August.

The gratifying performance in the Chinese market made Tesla hand in a brilliant report card in the second quarter. According to the financial report, as of June 30, 2020, Teslas total revenue was US $12.021 billion (about RMB 42.3 billion), an increase of 10.3% from US $10.891 billion (about RMB 32.1 billion) in the same period of last year; the net profit attributable to ordinary shareholders was US $120 million (about RMB 113 million), while the loss was US $1.11 billion (about RMB 4967 billion) in the same period of last year.

The further growth of Shanghais super factory production has greatly improved the profit margin of locally made Model3. The gross profit margin of Shanghais super factory is close to the level of model 3 made in the United States. Tesla has said.

NetEase Finance and economics from Shanghai Securities News, daily economic news