[Click eStock] "Tesla, Growth Continues with New Factory Operation and US Subsidy Expansion"

Eugene Investment & Securities Report

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] Eugene Investment & Securities stated on the 4th that although concerns about the industry outlook may arise in the short term due to the reduction of China's electric vehicle subsidies, the new operation of the Berlin factory and the expansion of electric vehicle subsidies in the United States are expected to drive sales growth for Tesla.

In the fourth quarter, Tesla's production and sales volumes recorded 305,000 units and 308,000 units, respectively. Both figures increased by 70% compared to the same period last year, marking a record high on a quarterly basis. This sales performance significantly exceeded market expectations of 260,000 to 280,000 units. The Chinese government reduced NEV subsidies by 30% compared to the previous year and plans to end subsidy payments by the end of this year. Jaeil Lee, a researcher at Eugene Investment & Securities, analyzed, "Due to the pre-demand before the subsidy reduction, sales in the Chinese market likely increased sharply toward the end of the year."

Despite the sale issue, Elon Musk's shareholding increased. After announcing plans to sell 10% of his shares through a Twitter poll, Elon Musk sold a total of 15.7 million shares (16.4 billion dollars) by the 28th of last month. Researcher Jaeil Lee said, "Since he originally held 170 million shares, there is a possibility of selling about 1.3 million additional shares, but it is almost in the final stage," adding, "During the same period, Elon Musk acquired a total of 22.9 million new shares through exercising stock options, increasing his holdings to 177 million shares."

The issue of China's reduction of electric vehicle subsidies may act as a short-term market risk factor. However, the approval for the operation of Giga Berlin is expected to be granted early in the year, and Tesla's rapid growth is expected to continue this year due to the Biden administration's policy to expand electric vehicle sales. Researcher Jaeil Lee stated, "As competitors release electric pickup truck models, the launch of the Cybertruck will no longer be delayed," and added, "It is expected that Cybertruck deliveries will begin from Giga Texas around mid-year."

This content was produced with the assistance of AI translation services.