The global sales champion of pure electric vehicles has changed hands. In the fourth quarter of 2023, BYD's delivery volume surpassed Tesla, becoming the world's largest pure electric vehicle manufacturer.
On Tuesday (January 2nd) local time, Tesla released its automobile production and delivery data for the fourth quarter of 2023. Q4AW delivered 484500 vehicles, exceeding market expectations, with a total delivery volume of 1.8086 million vehicles for the year.
However, Tesla's Q4 delivery volume is not as good as BYD's. According to data released by BYD on Monday (January 1), its pure electric vehicle sales in the fourth quarter of 2023 were 526400 vehicles, and the total pure electric vehicle sales for the year were 1.5748 million vehicles.
Tesla CEO Elon Musk quickly expressed his views on this matter.
Musk emphasized Tesla's core mission in a post on social media X. He pointed out that Tesla is an artificial intelligence/robotics company, but to many people, it is more like an automotive company.
Analysts believe that as long as Tesla follows its plan, its future revenue opportunities are enormous. This refers to Tesla's investment strategy in fully autonomous driving (FSD) and humanoid robot Optimus.
Searching for potential growth points
Casey Wood's Ark Invest has set a target price of $2000 for Tesla by 2027, far higher than the current price of the stock.
On Tuesday local time, Tesla closed down 0.02% at $248.42.
In its April 2023 evaluation, Ark Corporation stated that "Tesla's future autonomous taxi business line is a key driver, contributing 67% of expected enterprise value and 64% of expected EBITDA by 2027." Autonomous driving technology (FSD) is the core of autonomous taxi operations.
However, for investors, giving too much value to FSDs and other opportunities may be a risky proposal. Because so far, FSD remains a problematic and immature technology.
In addition, Tesla's Cybertruck did not cause much controversy after its release at the end of November, and now Tesla analysts will hope to pin their hopes on a budget car priced at $25000, which is widely expected to be released by the end of 2024 or early 2025.