
Total Assets
Traded ValueSome confidence in investing in Tesla in 2024:
1. **Production and Delivery Growth**: Tesla completed the production of approximately 1.85 million electric vehicles and delivered about 1.81 million in 2023, representing year-over-year growth of around 35% and 38%, respectively, exceeding its annual delivery target.
2. **Stock Performance**: Tesla's stock surged nearly 100% in 2023, demonstrating the company's strong performance in the capital markets.
3. **Cybertruck Delivery**: Tesla officially delivered the Cybertruck, a highly anticipated new model expected to bring new growth opportunities for the company.
4. **Model Y Update**: Tesla plans to launch a new version of the Model Y in the first half of 2024, which is expected to use BYD's batteries for improved range.
5. **Increased Capital Expenditure**: Tesla expects its capital expenditure in 2024 to exceed $10 billion, which will be used for new product launches, production facility expansions, and battery technology development.
6. **Growth in the Chinese Market**: Tesla's revenue in China increased in 2023, and the company has completed its bet agreement with the Shanghai municipal government, indicating stable development in the Chinese market.
7. **Tax Incentive Policies**: Although Tesla's preferential corporate income tax rate policy in China expired at the end of 2023, starting in 2024, the company will pay taxes at the national standard rate, indicating that its business in China has matured and can withstand standard tax rates.
8. **Production Capacity and Cost Advantages**: Tesla leads in manufacturing and R&D processes, with globally distributed Gigafactories providing stable production capacity and cost advantages.
9. **Direct Sales Model**: Tesla's direct sales model helps maintain direct connections with consumers, offering better service and experiences.
10. **Market Predictions**: Analysts predict Tesla's market cap could surpass $1 trillion in 2024, with profit margins potentially rebounding to 20%, reflecting market optimism about Tesla's long-term growth.
These positive developments highlight Tesla's progress in market performance, product updates, capital expenditure, and global expansion. However, investors should consider market risks and stay updated with the company's real-time developments and official announcements when making investment decisions.
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