what's the situation?
Tesla's market value evaporated by more than 3 trillion, three people died in a car accident!
Brokerage China Author: Chen Ming
Tesla has recently appeared frequently in front of the public!
Being kicked out of important indexes, stock prices plummeting, three people died in a Model S accident... Tesla, the global electric car giant, has encountered a lot of trouble recently!
The market value has evaporated by 3 trillion! Tesla's "best retail investor" shouts: Huge buyback should be announced immediately
On Friday (May 20), local time, Tesla fell nearly 6.5%, and its market value evaporated by about $44 billion (about 280 billion yuan), setting a new low since August last year.
Tesla is down more than 40% from its all-time high in November.
The market value has evaporated by more than 450 billion US dollars, which is equivalent to more than 3 trillion yuan.
After the stock price fell for more than a month, Leo KoGuan (Liao Kaiyuan), known as Tesla's "best retail investor", couldn't sit still.
On Thursday, he called on social media that Tesla should immediately announce plans to buy back $15 billion in stock, given the continued decline in the stock price.
On Thursday, Liao Kaiyuan shouted to Martin Viecha, Tesla's senior director of investor relations on social media: Tesla must immediately announce that it will buy back $5 billion of Tesla shares this year and $10 billion next year. shares.
Liao Kaiyuan said that the source of funds for the repurchase is the company's free cash flow, thus avoiding the use of the company's existing $18 billion in cash reserves.
Previously, media reports said that Liao Kaiyuan had invested in Tesla since 2019. The relevant bank records he provided to Bloomberg showed that as of the end of September 2021, he owned 6.31 million Tesla shares, which is second only to Musk, Larry Ellison (Oracle co-founder) Tesla's third-largest individual shareholder.
In addition, he holds 1.82 million options to buy Tesla shares between $450 and $550 per share.
Liao Kai was originally a big fan of Tesla.
His investment motto is: stick to Tesla, continue to overweight, and trust Musk.
"I believe the company is on a one-way street to becoming the world's largest electric car maker," he once said.
Liao Kaiyuan also publicly stated: "I consider myself a fan of Musk." On Liao Kaiyuan's Twitter, he can often be seen discussing Tesla and Musk.
According to public information, Liao Kaiyuan was born in Indonesia and is Chinese-American.
He is the chairman of the Liao Kaiyuan Foundation and the founder and chairman of the American International Software House (SHI).
In 2022, 67-year-old Liao Kaiyuan will be ranked 424th in the "2022 Forbes Global Billionaires List" with a fortune of US$6 billion.
Tesla is removed from the S&P 500 ESG index, Musk is angry: This is a scam
On May 18, local time, Standard & Poor's Dow Jones Indices announced on its official website the annual routine index adjustment, excluding Tesla, Berkshire Hathaway, Johnson & Johnson, Meta, etc.; adding Twitter and Phillips ; Apple, Microsoft, Amazon, NVIDIA, Exxon Mobil, etc. were selected again.
S&P Dow Jones Indices said Tesla Inc.'s score on environmental, social and governance standards has remained "pretty stable" over the past year, but it has slipped in the rankings compared with its improving global peers.
The exposure to harsh working conditions and racism at Tesla's Fremont factory, the handling of self-driving-related casualty investigations, and the lack of a low-carbon strategy and code of business conduct are all detrimental to it.
After the announcement of the above news, Tesla’s stock price fell further. As of the close on the 18th, Tesla’s stock price fell 6.8% to $709.81, and its market value shrank to $735.4 billion.
Musk was so annoyed that he tweeted that ESG is an "outrageous scam" and that S&P Dow Jones Indices is a shame!
Musk added, "(US energy giant) Exxon Mobil was ranked in the top 10 ESG (environmental, social and corporate governance) by the S&P 500, while Tesla was not on the list!" He also said that he would not If you support the Democrats again, you will vote for the Republicans.
Musk emphasized that while Tesla has done more for the environment than any other company, ESG scores are actually more weighted on some other political factors.
"The political attacks on me will escalate dramatically in the coming months," Musk wrote.
U.S. regulators investigate Tesla crash that killed 3 people
Another thing is also plaguing the global electric vehicle giant.
On May 18, U.S. auto safety regulators have launched a special investigation into a crash involving a Tesla vehicle that killed three people, The Wall Street Journal reported.
The U.S. National Highway Traffic Safety Administration (NHTSA) said it has dispatched an investigation team to investigate whether a Tesla vehicle that killed three people in a May 12 crash in California had its driver-assist feature turned on.
The accident vehicle was a 2022 Tesla Model S on the Pacific Coast Highway in Newport Beach, when the car hit roadside construction equipment, killing three people in the car and injuring three construction workers.
Newport Beach police declined to comment on whether the Tesla car involved was in Autopilot mode at the time, saying the investigation was continuing.
Tesla has not yet responded.
Since 2016, NHTSA has sent people to investigate 34 accidents involving the use or ability to use advanced driver assistance systems, which have killed more than 10 people and injured at least 15, including 28 involving Tesla vehicles.
In addition, NHTSA is also investigating Tesla vehicles crashing into parked vehicles and suddenly braking while in Autopilot mode.
The report pointed out that in recent years, automakers have introduced a series of new self-driving features to reduce the burden of driving vehicles.
Driver engagement is still required in these so-called advanced driver assistance systems, but they are not strictly regulated in the United States.
Previously, Tesla has warned users that Tesla vehicles with fully automatic or partially automatic assisted driving systems cannot drive on the road on their own, and owners must be prepared to intervene at any time.
Over 100,000 domestic Model 3, Model Y electric vehicles recalled
The frequent recall of cars due to quality problems is also one of the important issues facing Tesla.
According to the news on the website of the State Administration for Market Regulation on May 16, Tesla (Shanghai) Co., Ltd. recently reported to the State Administration for Market Regulation in accordance with the requirements of the "Regulations on the Administration of Recall of Defective Automobile Products" and the "Implementation Measures for the Regulations on the Administration of the Recall of Defective Automobile Products". A recall plan is on file.
From May 23, 2022, some domestic Model 3 and Model Y electric vehicles with production dates from October 19, 2021 to April 26, 2022 will be recalled, totaling 107,293 vehicles.
Some vehicles within the scope of this recall may not have adequately cooled the central processing unit of the infotainment system when preparing for or during DC fast charging, causing the central processing unit to slow down and display sluggish central touchscreen displays. At the same time, the CPU may restart and the display cannot be displayed.
When the above failure occurs, the reversing image, the setting of the windshield (defrosting, defogging and wiper) functions, the driving gear display and the indicator light will not be able to be used normally. In extreme cases, the risk of vehicle collision will be increased. hidden danger.
Tesla (Shanghai) Co., Ltd. will upgrade the vehicles within the recall scope to the software of 2022.12.3.3 or later versions free of charge through the vehicle remote upgrade (OTA) technology. The upgraded vehicles are ready for DC fast charging or when DC fast charging During this period, the temperature rise of the CPU will be mitigated to prevent it from slowing down or restarting.
For vehicles that cannot be recalled through the over-the-air update (OTA) technology, Tesla (Shanghai) Co., Ltd. will contact the relevant users through the Tesla Service Center to upgrade the software for the vehicles free of charge to eliminate potential safety hazards.
It is worth noting that this is Tesla's third recall since April 7, with a total of nearly 250,000 recalled vehicles.
Among them, on April 29, Tesla Motors (Beijing) Co., Ltd. and Tesla (Shanghai) Co., Ltd. announced that from April 29, the recalled production dates will be from January 12, 2019 to March 25, 2022. During Japan, some imported and domestic Model 3 high-performance electric vehicles totaled 14,684.
On April 7, Tesla announced that starting from April 7, it will recall some imported and domestic Model 3 electric vehicles with production dates between January 11, 2019 and January 25, 2022, totaling 127,785 vehicles.