Tesla's market capitalization shrinks by 700 billion Analyst: No $25,000 new car disappoints

On Thursday, U.S. stocks continued the shock market since this week, with technology stocks falling in the front, of which Tesla's stock price plummeted 11.5%, the largest one-day decline in more than three months, and the market value evaporated overnight by about 700 billion yuan. The company previously warned that supply chain bottlenecks would run through the year, and said that new models would not be launched this year.

Ali Faghri, an analyst at Guggenheim, an investment firm, said in an interview: "Entering the low-price model market is crucial to support Tesla's growth prospects, and if Tesla cannot launch an entry-level model priced at $25,000 (about 158,200 yuan) in the market, Tesla will miss out on huge revenues in the next 10 years." ”

On Wednesday, local time in the United States, Tesla CEO Elon Musk Musk denied the possibility of launching a $25,000 model this year and said the company would focus its resources on launching fully autonomous driving technology to secure a supply of chips for more expensive models such as the Model 3 and Model Y.