Tesla vehicle delivery hits record $ 80 billion, stock price soars

Technology News on January 4th, according to foreign media reports, electric car maker Tesla’s stock price surged again. After the local market opened on Friday, the stock price once broke through the $ 450 mark and the market value reached $ 80 billion.

Before Tesla’s share price hit a new high, the company released its fourth-quarter and full-year delivery and production reports for 2019, showing it set the latest delivery record.

In the fourth quarter of 2019, Tesla delivered 112,000 vehicles to customers in the United States and other regions. This number includes more than 92,000 Model 3s, which once again proves the popularity of this electric car among car buyers worldwide. Although Tesla’s flagship models, Model S and Model X, are somewhat old, deliveries in the fourth quarter still exceeded 19,000.

But more importantly, Tesla has also achieved the lower limit of its full-year 2019 target, and the company estimates that it will deliver 360,000 to 400,000 new cars in 2019. During this year, Tesla delivered about 367,500 vehicles worldwide, 50% more than in 2018. Tesla sold more cars in 2019 than in the previous two years combined.

Established automakers have used the so-called “Tesla Killer” to attack Musk, but so far there have not been real competitors (whether Android manufacturers said they were “iPhone killers”). GM ’s all-electric Chevrolet Bolt sales in the United States plummeted 47% in the fourth quarter of last year, and sales fell 9% for the year.

During Tesla’s recent earnings call, Musk stated that he believes that the sales of the upcoming crossover Model Y will exceed the total of Model S, Model X and Model 3, but did not give a specific timetable.

Robert W. Baird analyst Ben Kallo wrote in a report: “Delivery volumes at the Shanghai plant should be the next catalyst for Tesla’s sales growth. More importantly, this plant Seems to be expanding faster than we expected. “

In 2012, the year Tesla launched the Model S sedan, the company delivered only 2,650 cars. Seven years later, this number reached 367,500, which was 138 times that time. Analysts on average expect that deliveries will reach 463,000 vehicles in 2020, a 28% increase year-on-year.

Among these impressive results, Tesla’s stock opened at $ 436.92 per share, and then rose to a maximum of $ 454 per share, with a market value of more than $ 80 billion. In the end, Tesla closed at $ 443.01, an increase of 2.96%, with a market value of $ 79.85 billion.

Tesla’s stock price has plummeted and skyrocketed in 2019. After falling to a two-year low after a loss in the second quarter, the stock has experienced an impressive recovery with the release of third-quarter earnings. Since then, Tesla’s stock price has been on an upward trend, rising by 84.6% and 43.3% in the past three and 12 months, respectively. In comparison, the S & P 500 has increased by 11.9% and 33.1% in the past three months and the past year, respectively.

At present, everyone’s attention will be focused on Tesla’s forthcoming financial report. As the company meets its 2019 target and ends the year with a strong momentum, Tesla is carrying tremendous momentum. If Tesla eventually meets or exceeds its fourth-quarter earnings expectations, the stock’s rise is likely to have just begun.

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