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Go to Singapore and spend $500,000 on a Model 3?

Go to Singapore and spend $500,000 on a Model 3?

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Introduction

In simple terms, the cost of buying one Model 3 in Singapore can be purchased in China.

Author 丨 Cui Liwen

Responsible editor 丨 Xu Jinkai

Edit 丨 Chic

"Located in different parts of the world, you may never be able to buy a Model 3 that costs the same price."

To be fair, for a new energy vehicle company like Tesla, which has already rapidly expanded its strategic territory, the above sentence has become an indisputable reality.

Go to Singapore and spend $500,000 on a Model 3?

In 2021, the cumulative sales of new energy models worldwide will be close to 6.5 million units, an increase of 108% over the same period last year. Tesla Model 3 sold more than 500,000 vehicles in the whole year, becoming the best-selling pure electric model for four consecutive years.

As everyone knows, from the relevant survey results released by a British research institute recently, due to the impact of subsidies and tax rates in various regions, the price of Model 3 models is not the same.

Among them, the most expensive area is Singapore, which amounts to S$113,245 (about 536,400 yuan). In second place, the Czech Republic is priced at CZK 1,350,400 (about 404,700 RMB).

In contrast, the model 3 is located in Macau, China, Chinese mainland, equivalent to about 254,700 yuan and 265,652 yuan, respectively. In simple terms, the cost of buying one Model 3 in Singapore can be purchased in China.

Go to Singapore and spend $500,000 on a Model 3?

Seeing this, I can't help but sigh that even in the recent period, due to the continuous "decline" of new energy subsidies, the rise of raw materials for power batteries and the shortage of chips, the domestic Model 3 has carried out many rounds of official rises, but for many "waiting parties" and "leek parties", it is still happy enough.

And their continued and strong demand, which in turn has led to Tesla's profitability in China, is getting better and better. As an argument, according to its annual report K10 file filed with the U.S. Securities and Exchange Commission (SEC), Tesla's revenue in China reached $13.844 billion in 2021, an increase of more than 100% for two consecutive years, and the revenue accounted for nearly 26%, further improving from 21% in 2020.

What is even more interesting is that the documents submitted this time also disclose some other information. For example, as of December 31, 2021, the Company recorded an impairment loss of approximately $101 million due to the decline in the price of Bitcoin.

Go to Singapore and spend $500,000 on a Model 3?

At present, the fair market value of bitcoin held by Tesla has reached $1.99 billion (about 12.6 billion yuan). Tesla bought $1.5 billion worth of bitcoin for the first time in the first quarter of 2021, and as the price of bitcoin rose sharply, it also sold some of its bitcoins and made a profit of $128 million from it.

In response, Tesla said, "The company believes in the long-term potential of digital assets as a liquid alternative to investment and cash." As with any investment, companies can increase or decrease their holdings of digital assets at any time based on business needs and perceptions of market and environmental conditions. But digital assets can be affected by market price fluctuations, which can be detrimental to the company. Tesla will continue to adjust its investment strategy to meet the company's liquidity and risk objectives. ”

However, due to the instability of bitcoin prices, it has been in a continuous downward trend since it reached its all-time high of $69,355 in November 2021. The latest price is only $43,630, which is close to 40% from the highest point, which in turn has led to Tesla's corresponding losses.

Go to Singapore and spend $500,000 on a Model 3?

In addition, the K10 document released this time, Tesla also disclosed that the company was focused on by the SEC because of some of Musk's actions. On November 16, 2021, local time, the U.S. Securities and Exchange Commission issued a subpoena to the company, asking Tesla to provide relevant management processes involved in the previous settlement.

Although Tesla did not elaborate on the subpoena in its annual report, what exactly it wanted to investigate, just 10 days before the SEC issued the subpoena, Musk posted a vote on his personal Twitter to ask netizens whether he should sell 10% of Tesla's holdings to pay the high tax on the rich.

Go to Singapore and spend $500,000 on a Model 3?

Affected by this news, the company's stock price fell by 16% in the following two days. After receiving the support of netizens, Musk immediately began to reduce his holdings in Tesla shares, and the cumulative amount of the reduction exceeded $10 billion. It cannot be speculated that the content of the subpoena investigation is most likely related to this.

After all, back in 2018, Musk had said on social media that he was trying to take the company private, and was subsequently accused of securities fraud by the US SEC. After the agreement was reached in September 2018, Tesla needed to regulate Musk's public statements.

In 2019, Musk again made remarks about Tesla's production and triggered stock price fluctuations, which the SEC investigated again. The two sides adjusted the settlement in April of that year, making it clear that Musk could not publicly express any topic without the permission of the company's lawyers.

Go to Singapore and spend $500,000 on a Model 3?

And the agreement requires that any tweets from Musk be pre-approved by one of Tesla's legal or regulatory compliance officers, containing any information that could affect his stock price.

However, even so, as the absolute ruler of the American new energy vehicle company, Musk still can't change the "big mouth" style of doing things at will, and the enmity between him and the SEC continues.

The final situation is that Tesla will never lack heat and news. At the same time, it is foreseeable that the pace of harvesting in China and even the world throughout 2022 will not stop for a moment.

Go to Singapore and spend $500,000 on a Model 3?
Go to Singapore and spend $500,000 on a Model 3?

| Cui Liwen |

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