Beyond GM and Ford Tesla into America's Most Valuable Automotive Company

【Global Technology Report】 According to the British "Daily Mail" reported on April 11, Tesla Motors' share price has soared in the past few months, the current market value has surpassed General Motors and Ford, becoming America's most valuable automobile manufacturing. Business.

In 2017, Tesla's stock price rose more than 3% to reach 2,155.09 yuan per share, while GM and Ford each earned 234.35 yuan and 77.61 yuan per share. However, in 2016, General Motors sold 10 million vehicles, Ford Motor Co. had 2.6 million vehicles, and Tesla had 76,000 vehicles, with a loss of 5.332 billion yuan. How does this electric vehicle manufacturer with such a low sales volume surpass ten competitors by 10 times its market value?

Adam Jonas, an analyst at Morgan Stanley, said that Travers’ advanced technology means it has the potential to enter other markets. Piper Jaffray said in a report: “We believe that Tesla’s optimism, freedom, contempt and other emotions are beyond the ability of other companies to replicate, and its great appeal to consumers and shareholders is also beyond the reach of competitors. of."

In early April, Tesla CEO Elon Musk wrote in Twitter: “If these reviews are based solely on our past performance, Tesla may be overestimated. But it doesn’t matter that the stock price can represent Future cash flows after risk adjustment.” That is, stock prices can better reflect the future potential of Tesla, not history.

The Tesla Model 3 is the first mass-market vehicle developed by the company and is scheduled to start production in July to attract middle-class consumers and achieve Tesla's ambitious goals (to develop electric vehicles from niche products to mass-market products). Important. At present, Tesla has received more than 400,000 Model3 orders, and said that by 2018, orders will reach 500,000. (Internship Compilation: Wang Jing Reviewer: Li Zongze)