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Tesla's intraday surge of 20 per cent triples in half a year

via:CnBeta     time:2020/2/4 4:00:34     readed:639

Tesla's intraday gains widened to 20 percent on Monday, its biggest one-day gain since 2013, with shares brushing a new intraday record high of $786.14 and a market value of more than $140 billion. Tesla shares were trading at $750.97, or 15.43 percent, as of press release. Tesla shares broke through the $700 integer threshold for the first time in early trading on Monday.

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 call that it had reached a cooperation deal with Japan's LG Chemical and the Ningde era, China's largest power battery supplier. Tesla's main model is the Model 3, which uses Panasonic and LG power batteries. Since then, the Ningde era battery will first apply to 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 manufacturer's ranking, setting two records:63,148 units per month and 367,820 units per year.

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