Tesla has risen for five consecutive days, with a market value of 4.9057 billion yuan

Tesla’s recent developments have attracted much attention because the company is the world’s leading electric vehicle manufacturer. According to foreign media reports, Tesla’s stock price has risen by more than 100% in 2023, almost offsetting last year’s decline.

The editor learned that Tesla’s stock price has maintained an upward trend for the past five consecutive trading days. As of the close of the U.S. stock market on Monday, Tesla's stock price was US$217.61, up 1.7% from the previous day, and the company's market value reached US$689.716 billion (approximately RMB 4,905.7 billion).

In April this year, Tesla released its first quarter financial report for 2023. Data shows that Tesla’s global delivery volume has grown rapidly, reaching 422,000 vehicles, a year-on-year increase of 36%. Total revenue correspondingly increased 24% to $23.33 billion. Tesla's net profit in the first quarter was approximately US$2.513 billion, with an operating profit margin of 11.4%. It is worth noting that due to Tesla's successive significant price cuts in major global markets during the reporting period, although revenue increased by more than 20% year-on-year, profits fell by more than 20% year-on-year, and the gross profit margin of the core automobile business dropped to 21.1%. In addition, Tesla’s Model Model Y is quickly becoming one of the best-selling models in the world.

According to the editor’s understanding, the latest released data from the Passenger Car Association shows that the wholesale sales of new energy passenger vehicle manufacturers in the Passenger Car Association are expected to reach 670,000 units in May this year, a month-on-month increase of 670,000. An increase of 11% and a year-on-year increase of 59%. It is expected that the total wholesale volume of new energy vehicles sold by passenger car manufacturers nationwide from January to May this year will reach 2.78 million units, a year-on-year increase of 46%. Tesla’s performance in the Chinese market has been eye-catching. Its wholesale car sales in May reached 77,695 vehicles, ranking second among domestic new energy vehicle manufacturers.

Tesla leads the electric vehicle industry, continuing to grow and expand its global market share. Tesla has maintained strong momentum amid increasing popularity and market demand for electric vehicles. As competitors emerge and the policy environment shifts, Tesla's challenges continue to grow. An important direction for Tesla's future development will be how to continue to innovate, improve production efficiency and provide a better user experience.

Can be rewritten like this: Tesla’s leadership in the electric vehicle market has been further confirmed by its continued rising stock price and excellent financial performance. Tesla will continue to promote the popularization of electric vehicles and is committed to providing more advanced, high-performance and sustainable travel solutions.

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