Musk's visit to China Tesla's concept stocks have increased – Quamnet.com Hong Kong stocks



[ad_1]

Tesla concept stocks rose, Tianqi Mold was 9% higher, Wencan shares, Weitang Industry rose 7%, Guiyan Platinum, Xusheng shares, Baolong Technology have followed suit.

In the news: The report indicates that Tesla Musk's CEO will attend an event in Shanghai on Tuesday and will also visit Beijing on Wednesday and Thursday.

Although the details of the trip have not yet been announced, many people think that this is related to the creation by Tesla of a factory in China.

Tesla was committed to establishing a production base in China more than a year ago. The company has strongly relied on China, the world's largest car market, to boost its sales of electric vehicles. The Chinese market contributed about 17% of Tesla's total business in 2017, with annual sales estimated at 15,000 units in China.

At the shareholders' meeting early last month, Tesla Global Sales Manager Robin Ren made it clear that the company planned to build the first Tesla factory outside of the United States. Shanghai. At the time, Musk said that unlike the US Tesla plant, the new Dreadnought plant would produce batteries and bademble vehicles at the same location.

One of the advantages of creating a factory in Shanghai is that it can help Tesla to avoid import tariffs.

According to the "Special Measures of Management for Access to Foreign Investment (Negative List) (2018 edition)", implemented since July 28, China officially authorized foreign companies to build new factories automobiles in China. This means that Tesla's policy for building a factory in China has officially landed.

Just in mid-May, Tesla registered a business in Shanghai. According to the information of the industry and trade, Tesla (Shanghai) Co., Ltd. has obtained a commercial license issued by the Market Supervision Bureau of the new Shanghai Pudong area on May 10, with a registered capital of 100 million yuan (Tesla Motors Hong Kong Co., Ltd.) 100% shareholder, D203A, No.168, Tonghui Road, New Nanhui City, New Pudong District, Shanghai Commercial development includes technology , technical services and related technologies in the field of vehicles and electrical parts, batteries, energy storage equipment and photovoltaic products. Import and export of business, etc.

Substantial Increase in Prices

It should be noted that on the eve of Musk's visit to China, Tesla will sell all models sold in China at a hefty price, and will increase price of different models. The range is from 150,000 to 250,000 yuan.

According to official site information, the lowest price of the X model for the X model rose from 776,600 yuan to 927,200 yuan, an increase of 151,600 yuan. The minimum price of the X model was raised to 849,900 yuan.

It is understood that the above quotation has been implemented since July 6th.

According to the latest official policy, as of July 6, the tariff rate for imported cars produced in the United States has increased from 15% to 40%. Tesla is one of the first US auto companies to increase its prices after the introduction of the new tariff.

According to local media, Tesla's direct sales store is out of stock and the transit deposit model will be sold according to the latest offer. In addition, the color matching, leveling, and auto-badist functions of all models will also be performed based on the last price.

Up to 40% of the overall price is likely to weaken the value of Tesla's purchase, resulting in the loss of orders. Efraim Levy, an badyst at the Center for Financial Research and Analysis (CFRA), said, "The price hike will affect sales, but Tesla, who loses money, has to do it because it 's not the same thing. it can not stand the rising costs. "

This is obviously not a good thing for Tesla, who is currently working hard to solve the bottleneck problem in terms of abilities, dealing with the loss of important employees and mbadaging "money that burns".

Government Subsidies Facing "Abandonment"

At the same time, Tesla, who is currently deeply embroiled in the scarcity of funds, can face the dilemma of significant financial resources.

The nonprofit organization Good Jobs First recently said that since 2007, Tesla has received a total of $ 3.5 billion in government grants, ranking at the top of all subsidized companies – however , the parent company of Google Alphabet has received $ 766 million in government grants since 2000, and Apple has received 693 million grants since 2009.

Even more shocking is that Tesla has received more government subsidies than all balances the company's cash currently has – the revenue data show that Tesla's cash was $ 2.7 billion at the end of the first quarter. .

However, according to US government regulations on the purchase of vehicles, after sales of electric vehicles have reached 200,000 units, the United States will cancel the subsidy of $ 7,500 per vehicle for manufacturers of electric vehicles. By the end of the first quarter, Tesla had sold 193,300 electric vehicles. In other words, the quota of 200,000 vehicles should be exhausted in July. Some badysts have quoted badysts saying that if the US government stops granting subsidies, it will further reduce the profits of electric vehicle manufacturers, then force them to raise vehicle prices, which would inevitably weaken product competitiveness. .

[ad_2]
Source link