Tesla

Tesla Vice President Tao Lin pointed out that at present, all provinces, autonomous regions and municipalities directly under the central government in China have completed the full coverage of Tesla’s charging network, and have established a widely radiated and criss-crossing charging network in about 300 prefecture-level cities, and built a “15-minute charging life circle” in Beijing, Shanghai, Shenzhen and other highlands with new energy vehicle ownership.

Tesla shares are poised for their worst annual performance ever due to investor anger over Musk’s acquisition of Twitter, falling demand for Tesla’s electric vehicle, and a decline in the stock market as a whole amid rising interest rates. Tesla’s share price slide marks a sharp reversal in the share price of the world’s most valuable car company. Since the stock price hit an all-time high in November 2021, Tesla’s market cap has lost about 70%. Uncertainty in the global economy is deepening, consumers are increasingly available with other electric vehicle options, and investors are concerned that Tesla may need to sacrifice its profitability levels to maintain its growth rate. Tesla’s stock has fallen more than the broader market this year and outpaced many of its rivals.

On December 26, Tesla’s official Weibo announced that the 10,000th pile Chinese mainland Tesla Supercharger Station was completed.

Tesla tweeted that the 4680 battery team has achieved the manufacture of 868,000 batteries in the past week, which can support more than 1,000 Model Y models.