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Tesla's share price rose more than 7% for the first time to break the $700 integer barrier

via:CnBeta     time:2020/2/3 23:36:06     readed:621

Tesla's shares broke the $700 integer barrier for the first time on Monday, a record high, up more than 7%, with a total market value of $120 billion for the first time.It is reported that Ningde Times announced on February 3 that it will supply lithium-ion power battery products to Tesla from July 2020 to June 2022. Before that, the sole battery supplier of Tesla was Panasonic of Japan, and the two sides had cooperated for 10 years.


Tesla said in a recent earnings conference call that it had reached cooperation agreements with LG Chemical in Japan and Ningde times, China's largest power battery supplier. Tesla's main model is model 3, which uses Panasonic and LG power batteries. Since then, Ningde era batteries will be the first to be used in model 3.

However, Tesla did not guarantee the quantity of products purchased in Ningde era, and Tesla will put forward the purchase demand through the order form in the future.

Tesla has also been studied by Argus to raise its target price from $556 to $808. In addition, according to the latest data released by EV sales blog, Tesla Model 3 has set a new sales record: 53742 vehicles in a single month and more than 300000 vehicles in the whole year (according to Tesla's statistics, 300885 vehicles).

Tesla also won the manufacturers' rankings, setting two records: 63148 in a single month and 367820 in a year.

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