Shulou(Shulou.com)11/24 Report--

CTOnews.com July 3 news, Tesla today released the latest second-quarter delivery data, this quarter Tesla global production of nearly 480000 electric vehicles, up from 423000 in the previous quarter, also exceeded Wall Street's previous expectations.

Affected by the news, Tesla's shares rose nearly 7% in pre-market trading today, and the market capitalization is expected to increase by about $50 billion (CTOnews.com Note: currently about 363 billion yuan) to nearly $900 billion (currently about 6.53 trillion yuan).

Tesla's share price, which is now close to $280 (currently about 2033 yuan), has more than doubled this year and is well above the price target set by analysts. Some Wall Street analysts have warned that Tesla's profit margins will be affected as a result of his strategy of steep discounts to increase sales.

At least three analysts have raised Tesla's share price target, saying the annual delivery target of 1.8 million vehicles was conservative, as Tesla delivered nearly 900000 vehicles in the first six months of 2023, Reuters reported. Due to the relief of supply chain problems, Tesla's delivery volume is generally expected to be higher in the second half of the year.

Tesla's gross margin was 19.3 per cent in the first quarter, and Wall Street expects it to fall to 18.6 per cent in the second quarter. Despite profit pressure, a small number of analysts believe that share prices are likely to continue to rise as Tesla strives to expand its global market share and its charging standard NACS is about to become a US standard.

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