Home > News content

70,000 in a month! China's importance to Tesla has been underestimated

via:快科技     time:2022/1/13 10:03:14     readed:48

In December, Tesla sold 70,847 cars in China and exported only 245 vehicles. At the same time,Tesla's Shanghai factory delivered 413,283 vehicles in China, making The Chinese market tesla's largest production and sales market in the world.

On January 13, Investment bank Wedbush reported that it thinks Tesla's stock has further to go.

Tesla's new Texas plant is set to start production this month as investors continue to be bullish on better-than-expected deliveries for the fourth quarter.

Dan & Middot, Senior equity analyst at Wedbush; According to Dan Ives: & LDquo; We see a $5 trillion market for electric cars. It's a huge opportunity. It's the biggest revolution in the auto industry since the 1950s. ”

Tesla also reported record sales in China in December.During Tesla's record year, about half of its production and delivery came from the Shanghai plant.

Eavis also sees China as a growth opportunity for Tesla, predicting the country will account for more than 40% of tesla's total deliveries in 2022. Despite tesla's strong performance in China, the ev market is still dominated by domestic brands, including BYD and Wuling, and Tesla is the only foreign brand in the top 10.

Eavis thinks the China growth story will actually help Tesla accelerate in 2022,The story is worth about $500 a share, which Wall Street may be underestimating.

Wedbush has a $1,400 price target on Tesla, with a bullish price target of $1,800. Eavis believes the overall market is still dominated by Tesla, despite the competition.


translate engine: Youdao

China IT News APP

Download China IT News APP

Please rate this news

The average score will be displayed after you score.

Post comment

Do not see clearly? Click for a new code.

User comments