原标题：恐惧之夜！ 特斯拉跌破600美元，蔚来汽车股价盘中暴跌18％。 新能源汽车还有景象吗？
概括
[Frightnight!Teslafellbelow$600andWeilaiplunged18%duringtheintradaysessionIstherestillascenefornewenergyvehicles?】NIOandXiaopengalsoperformedpoorlyonFridayfalling298%and453%respectivelyanddown1675%and1782%thisweekAlthoughIdealAutomobilebarelymadeitsfirstdebutonFridayby063%itstillfell1147%intheweekThesharepricesofthethreenewChinese-fundedcar-makingpowersareclosetohalfwayfromtheirhighsatthebeginningoftheyear
The U.S. stock market fell sharply on Friday, followed by a V-shaped reversal.
As of the close, the Dow Jones Index reported 31496.30 points, an increase of 572.16 points, or 1.85%;NasdaqThe index reported 12920.15 points, an increase of 196.68 points, an increase of 1.55%; the S&P 500 index reported 3,841.94 points, an increase of 73.47 points, an increase of 1.95%.
The Dow Jones index rose more than 800 points from the lowest intraday 30766.81 points, and rose to 31580.33 points as the highest. The Nasdaq also recorded a 500-point reversal, with a maximum drop of more than 320 points during the session.The Dow rose 1.8% this week and the S&P 500 rose 0.8%, butNasdaqThe index fell 2.1%.
New energy vehicles are still the focus of the market.TeslaThe performance continued to decline, closing at 597.95 US dollars, down 3.78%, the largest intraday drop of 13.11%, down 11.48% this week, has closed the Yinxian for 4 consecutive weeks. Since the adjustment started in early February,TeslaThe stock price has fallen by more than 30%.
Wei LaiXiaopeng and Xiaopeng also performed poorly on Friday, falling 2.98% and 4.53% respectively, and down 16.75% and 17.82% this week.Ideal carAlthough it barely made the first 0.63% on Friday, it still fell 11.47% for the week. The share prices of the three new Chinese-funded car-making powers are close to halfway from their highs at the beginning of the year.
Teslawhat’s happenin?
The recent decline in Tesla’s stock price began with Musk’s announcement of a $1.5 billion investment in Bitcoin. Since Bitcoin lags behind from the high point, Tesla’s life has also begun to get tough. But the difficulties Tesla faces are far more than just Bitcoin.
On the macro front, the technology stocks that performed best during the epidemic have recently experienced an overall correction.NasdaqThe 100 largest non-financial companies in circulationthe companyThe average decline of stocks compared with the historical high three weeks ago reached 8%, and Tesla’s decline was the highest.MidlandPresident Powell’s latest statement claimed that as the US economy restarts after the new crown epidemic, the US is facing rising prices and inflationary pressures. The market expects that US Treasury yields still have room to rise, and the performance of technology stocks will continue to face pressure.
At the same time, Tesla, which had been selling all the way in electric vehicles, began to face the impact of more competitors.Established car manufacturers are beginning to make efforts in the field of pure electric vehicles, such asFordThe Mach E and ID3 under the German Volkswagen Group have achieved early success and have begun to cannibalize Tesla’s sales in the United States and Europe.
Some new pure electric vehicles that will be launched soon have also aroused market expectations, such as Ford’s F-150, Lucid Air, and Rivian’s electric SUV and electric pickup truck.
Porsche, the biggest competitor of Tesla’s high-end models Model S and Model Y, recently showed off the mass-produced version of the Taycan Cross Turismo and said it will start selling in the United States this summer.ThisluxuryThe electric car is priced at US$90,000. In addition to the original Taycan, Porsche is challenging Tesla’sluxuryLeadership in the electric vehicle market.
The global chip shortage also endangers Tesla.In the past few months, the globalAutomobile industryEncountered an unprecedented chip supply shortage, many companies have announced measures to stop production and reduce production, and Tesla is no exception.
In a tweet on February 25, Musk confirmed that Tesla’s electric car factory in Fremont, California, was forced to suspend production due to a shortage of parts, and the suspension time was two days. He did not elaborate on whether the shutdown of certain production lines will occur in the future.In fact, the financial report in the fourth quarter of last yearAnalystmeetingIn the previous year, Tesla has already issued a warning that the shortage of chip supply may affect the company’s production goals in the first half of this year.
The company’s chief financial officer (Zachary Kirkhorn) said that in the first quarter of this year, due to the transition to the upgraded version, the production of Model S and Model X will be relatively small. In addition, global semiconductor supply shortages and port transportation problems will also have a temporary impact on Tesla, and the company is doing everything possible to solve the problem.
If Tesla’s output is not up to standard due to a shortage of parts or parts shipping problems, this will affect the company’s carbon trading revenue. An important income of Tesla is the sale of carbon emission credits to other auto companies, which is also an important factor in the company’s profitability.
In terms of capital expenditure, although the production of Tesla’s Flamon and Shanghai plants in the United States is in full swing, with the start of the second phase of the Shanghai plant and the advancement of new plants in Austin, Texas, and Brandenburg, Germany, Tesla still faces Great pressure on capital expenditures. Musk once stated in an open letter to employees that investors believe in the company (and support the stock price) because of future profitability, but if they realize that this will not happen, Tesla’s stock price will fall sharply.
In fact, Wall Street’s disagreement with Tesla has always existed. Although ARKfundCEO Cathie Wood (Cathie Wood) has been supporting Tesla, but her life is not easy. ARK Flagship Fund ARK Innovation ETFSince the beginning of this year, it has fallen continuously, and funds have experienced substantial outflows. Part of the reason is also attributed to the weakness of the stock price of Tesla.
This week, billionaire investor Ron Baron (Ron Baron) said that although he believes Tesla’s stock price will increase to $2,000 in the next 10 years, it has sold 1.8 million for customers in the past six months. Shares Tesla shares.
The market’s interest in Tesla’s short-selling is also still strong, with a short-selling size of US$32.16 billion, accounting for 6.4% of the outstanding shares. According to data from S3 Partners, Tesla’s short position has increased by $1.18 billion since last week. Shorting Tesla this year has earned about $4.28 billion in market value profits for short sellers, including $1.94 billion from yesterday’s nearly 5% drop.
China’s new car-making forces are still optimistic
Wei Lai, Ideal and Xiaopeng’s February 2021 sales are not optimistic. The three companies achieved sales of 5578 units, 2,300 units and 2223 units, respectively, down 23%, 57% and 63% from the previous month.CITIC SecuritiesAnalysts believe that the sales in February will be greatly affected by seasonal factors in the short-term. Looking forward to the whole year, they are still optimistic about the year-on-year growth in sales of new car manufacturers.
From the fourth quarter of last yearPerformanceLook,Wei LaiAuto revenue grew 46.7% month-on-month, grossinterest rateIncreased to 17.2%; although still atLossState, but Weilai’s bicycleNet lossThe chain ratio narrowed toRMBFrom 11,000 to 86,000 yuan. In terms of production capacity, the company plans to expand its production capacity by the end of 2021 or early 2022 to 150,000 vehicles per year for single shifts and 300,000 vehicles per year for double shifts. In addition, Wei Lai said that it will adhere to the positioning of luxury cars, and the new channels will be used for city selection against BBA and Lexus. The company plans to add 20 NIOHouses and 120 NIOSpaces this year.
Ideal car4th quarterOperating income4.15 billion yuan, an increase of 65.2% month-on-month,Net profit110 million yuan, turning losses from the previous quarter; for the whole year of 2020, the company’s revenue was 9.46 billion yuan, and the net loss attributable to the parent was 790 million yuan.inIdeal carIn the fourth quarter of 2020 performance exchange conference, the companyExecutivesIndicates that it has moved from the creation stage of “0-1” to the expansion stage of “1-10”, the strategicGo to the meetingMore radical, including the release of at least two new models every year from 2022, and the delivery of the pure electric series in 2023product, And finally realized RMB 150,000-500,000priceCoverage of intervals. In addition, channel expansion is more active. The goal for 2021 is to open a total of 200 stores, covering 100 cities. As of the end of February, the ideal store is 60. In terms of research and development, the company will increase investment in research and development. From 2019 to 2020, the company will invest about 1 billion yuan in research and development. It is estimated that the research and development expenses will reach 3 billion to 4 billion yuan in 2021-2022. Research and development projects for vehicle models and high-voltage pure electric platforms.
Xiaopeng will announce its latest quarterly financial report on March 8. The market still expects various financial data to be in a high-growth stage. March 3,Xiaopeng MotorsAnnounced the launch of a new standard battery life version P7 equipped with lithium iron phosphate batteries, and is scheduled to be delivered in May. The new version of the model uses a lithium iron phosphate battery with a battery capacity of 60.2kWh and a cruising range of 480 kilometers, which is the same as that of the entry-level Model 3. The new models offer XP2.5 and XP3.0 smart configurations, priced at 22.99 and 239,900 yuan respectively. Compared with the same configuration model of the ternary battery entry model P7, the price is reduced by 20,000 yuan to expand the The pricing difference of Model 3 attracts more consumers through higher cost performance.
There is still a play in the Chinese market
New energy vehicles are mentioned in many places in the latest government work report, including “solidly do a good job in carbon peaking and carbon neutralization, and formulate an action plan for carbon emission peaking by 2030”, “increase the construction of charging pole facilities, and accelerate construction Power battery recycling system” etc.Chuancai Securities believes that with the tightening of global carbon emission standards and the continuous advancement of reducing costs and increasing efficiency, the rapid growth of new energy vehicle sales will drive new energy vehicles.industryThe chain boom is developing.
andWest China SecuritiesIt is believed that the global new energy automobile industry as a whole presents the dual characteristics of “electric acceleration + intelligent opening”, a trillion-level market is opened, traditional car companies are actively transforming, and new car forces, technologythe Internetenterprise(Huawei,Baidu, DJI, etc.) to accelerate the entry into the game to promote the prosperity of the industry. Smart electric vehicles span multiple fields such as automobiles, electronics, computers, and IoT, giving birth to a trillion-level market space.Full use of top new power brandsInternet thinking, Selected tracks to achieve a breakthrough.And with the development of electric intelligence, traditional carsIndustry chainReshaping the relationship, some parts and components companies with strong technology research and development capabilities are expected to rely on the Chinese market to take advantage of the globalization and rise to become the leader of the global sub-industry.
(Source: Securities Times Net)
(Editor in charge: DF150)
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