Tesla will deliver 1.81 million electric vehicles in 2023, a year-on-year increase of 38%! Wall Street bears: stock price may plummet by 65%! Musk hit back
Editor: Zhang Jinhe
According to Tesla's official Weibo, in the fourth quarter of 2023, Tesla produced about 495,000 electric vehicles worldwide and delivered more than 484,000 units.
For the full year of 2023, Tesla's EV deliveries increased by 38% year-on-year to 1.81 million units, and its production volume increased by 35% year-on-year to 1.85 million units.
Thank you to all our customers, employees, supplier partners, shareholders and supporters who helped us achieve great success in 2023 and have built the future of electric vehicles and sustainable energy.
According to a report by brokerage China on January 2, Wall Street's big bears suddenly "fired" at Tesla, warning that its stock price could eventually plummet by 65%.
Craig Irwin, an analyst at Roth Capital who has long been bearish on Tesla, has set a price target of $85 per share for Tesla, a potential decline of more than 65% from the latest close.
It is worth mentioning that in the past 2023, Tesla's stock price continued to rise, with a cumulative increase of nearly 130% throughout the year.
"I'm bearish because I think it's grossly overvalued. Irwin said in an interview. He compared the company to Toyota, which produces about 9 million cars a year. By comparison, Tesla produced only 1.37 million cars last year, so why is it trading several times more expensive than Toyota?
Despite this, Irwin maintained a "neutral" rating on Tesla stock as the EV maker still has some products to support its share price.
One of those products is a new generation of electric vehicles that Tesla may release, and Tesla executives have met with Indian officials to discuss building a factory for the new generation of electric vehicles, which will cost less than $25,000, according to a source.
"But I think it's a slow change over the next few years," Irwin warned. ”
Tesla CEO Elon Musk has strongly countered the warnings of Wall Street bears, arguing that he has ignored Tesla's potential in the field of artificial intelligence and autonomous driving.
In the latest interview, the host shared Irwin's point of view, and Musk responded: "He got it wrong. We are an AI/robotics company. ”
In fact, after Tesla's stock price rose sharply in 2023, most Wall Street analysts are becoming more and more optimistic about Tesla.
In the latest report, the US investment bank Wedbush believes that Tesla's share price will soar to $350. This means that Tesla's share price will rise by 41%.
Strategists say this is due to improved margins, advances in fully self-driving technology and strong sales momentum in China, which should give Tesla the same "good luck" as Apple did between 2008 and 2009.
In addition, according to BYD Auto's official WeChat, BYD will sell 3024417 units and 3012906 passenger cars in 2023, a year-on-year increase of 61.8%.
As of press time, Tesla's (TSLA) stock price was $248.98, up 0.20%, with a market capitalization of $791.49 billion.
The daily economic news is synthesized from Tesla's official Weibo and public information
National Business Daily