Since Tesla announced better-than-expected second-quarter delivery numbers, the stock has risen by 30%. This also finally achieved a cumulative increase since the beginning of the year, with a growth rate of 3%, reversing the situation of a sharp decline earlier. In terms of product structure, the operating income of products worth 10-30 billion yuan is 401/1288/60 million yuan respectively.
Earlier this year,$Tesla (TSLA.US)$Tesla seems to be making a comeback. Since Tesla announced better-than-expected second-quarter delivery numbers, the stock has risen by 30%. As of Monday's close, Tesla's stock price has achieved nine consecutive gains. This also finally achieved a cumulative increase since the beginning of the year, with a growth rate of 3%, reversing the situation of a sharp decline earlier.
The management team of the company led by Tesla's CEO, Musk, has always emphasized the popularity of FSD (fully automated driving system) created based on Tesla's AI supercomputer system and the optimistic income expectations brought by FSD, as well as the importance of Robotaxi based on the latest upgraded FSD technology for the company. This is a heavyweight catalyst to boost Tesla's sluggish stock price since the beginning of the year.
Compared with the members of the "Seven Giants" of Microsoft, Meta, Nvidia, Alphabet, Amazon and Apple, Tesla's stock performance is still much worse. These large technology companies have jumped on the bandwagon of artificial intelligence, and investors have cheered for their progress in artificial intelligence chips, chatbots and other tools. For example, Nvidia's stock price has accumulated an increase of nearly 160% this year; Apple, which like Tesla fell behind at the beginning of the year, has also achieved a significant increase in its stock price since launching Apple Intelligence last month, just like Tesla.
Tesla's stock price hit a low of about $139 in April this year. On Monday, the stock price rose to around $255 at one point during trading hours. However, some analysts believe that Tesla's rebound may not last too long. Bernstein analyst Toni Sacconaghi takes a cautious attitude towards Tesla's stock. He pointed out that although Tesla's second-quarter delivery volume was better than expected, it still fell by 5% compared with the same period last year. He said, "We may continue to see some rebound in Tesla's stock. But frankly, it's like Meme stocks, with valuations detached from fundamentals."
At the same time, the electric vehicle market still faces uncertainty. The electric vehicle industry benefits from generous tax deductions. However, the industry also faces major obstacles such as tariff wars and identity politics, and some consumers refuse to see electric vehicles as an "awakening" mode of transportation. In the United States, Republican presidential candidate Trump said that if he is re-elected president after the November election, he will abolish the "crazy" law that supports electric vehicles.
In addition, Tesla's internal management seems to be in chaos. In April of this year, Musk told employees to be prepared for large-scale layoffs, and sales positions will also be affected. As Tesla's first new consumer car model launched for many years, Cybertruck has slow sales growth. For this reason, some hedge fund managers have decided to ban investments in Tesla stocks. Fabio Pecce, Chief Investment Officer of Ambienta, said Tesla is "difficult for us to position".
Editor: Eason