Gronghui April 25 | Tesla (TSLA.US) closed up more than 12% to $162.13, and its market capitalization regained 500 billion US dollars. According to the financial report for the first quarter of 2024 released by Tesla, Tesla achieved revenue of 21.301 billion US dollars in the first quarter, down 9% year on year, lower than analysts' expectations of 22.3 billion US dollars; net profit was 1,129 million US dollars, down 55% year on year. At the same time, however, Tesla released a high-performance version of the Model 3 at a price of 335,900 yuan. Delivery is expected to begin in the third quarter. Tesla also announced that it is introducing another car purchase benefit for existing models of Model 3 and Model Y: “0 down payment.” Musk revealed during the earnings call that Tesla will continue to update its vehicle lineup and speed up the launch of new models. Some of the production plans originally scheduled for the second half of 2025 may be brought forward to the beginning of 2025 or even the end of 2024, including cheaper models. The new models will utilize next-generation platforms and current platform technology, and will be able to use the current model's production line. He also said that electric vehicle deliveries in 2024 will be higher than last year, and the growth rate of the energy storage business will be higher than that of the electric vehicle business.