tl;dr
Tesla (NASDAQ:TSLA) experienced a significant rally on Monday, with shares surging up to 18% following Elon Musk's unexpected visit to China and the announcement of an expanded partnership with Baidu (BIDU). Wells Fargo analyst Colin Langan expressed surprise at the substantial share price movement,...
Tesla (NASDAQ:TSLA) experienced a significant rally on Monday, with shares surging up to 18% following Elon Musk's unexpected visit to China and the announcement of an expanded partnership with Baidu (BIDU). Wells Fargo analyst Colin Langan expressed surprise at the substantial share price movement, noting the firm's view of limited EPS impact and the lack of certainty regarding deal details. The partnership with Baidu was seen as a means to address China regulators' data security concerns, but specific information about the partnership's economics and data sharing is currently unavailable. Moreover, concerns were raised about the ambiguity of Baidu's role in Tesla's vision-only FSD system, which operates independently of mapping. Langan cautioned about potential restrictions on data sharing, which could hinder Tesla's ability to capitalize on its technological advancements in the U.S. Additionally, it was highlighted that Chinese electric vehicle manufacturers are rapidly catching up and may pose a pricing threat to Tesla. Notable players in advanced driver-assistance systems in China include XPeng, Xiaomi, Li Auto, and BYD Company. Conversely, Morgan Stanley's analyst Adam Jonas took a different stance on Tesla's developments. He suggested that investor concerns about Elon Musk's focus on Tesla could be alleviated following the China trip and emphasized the importance of further research and understanding regarding the potential détente with the Chinese government, particularly in the areas of autonomous driving/FSD. At 2:25 p.m., Tesla's shares were up 14.69%, reaching as high as $198.97 during the session, marking the first time the EV stock surpassed the $200 level since March 1.
More about Tesla Inc
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, as well as other related products and services. In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market (which includes plug-in hybrids) and 23% of the battery-electric (purely electric) market. Through its subsidiary Tesla Energy, the company develops and is a major installer of solar photovoltaic energy generation systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020.
Industry: MANUFACTURING, MOTOR VEHICLES & PASSENGER CAR BODIES
Market Cap: 536.71 billion
PE Ratio: 43.15
Dividend Yield (%): None
EPS: 3.9
Revenue: 29.8 billion
Net Income: 0.144 billion
EBITDA: 94.745 billion
Price to Book: 179.47
EV/EBITDA: -0.534
Debt to Equity: -0.087
More about Baidu Inc
Company: Baidu Inc
Description: Baidu, Inc. provides Internet search services primarily in China. The company is headquartered in Beijing, China.
Industry: Technology, Services-Computer Programming, Data Processing, etc.
Market Cap: 361.59 billion
P/E Ratio: 13.21
Dividend Yield: None
52-Week High: 383.61
52-Week Low: 151.00
Price to Sales: 7.61
Revenue: 134.59 billion
Gross Margin: 160.5
Net Margin: -0.572
Earnings per Share: 0.057
More about Xpeng Inc
Xpeng Inc Summary
Xpeng Inc. designs, develops, manufactures and markets smart electric vehicles in the People's Republic of China. The company is headquartered in Guangzhou, the People's Republic of China.
Industry: Manufacturing, Motor Vehicles & Passenger Car Bodies
Annual Revenue: $7396099000
Net Income: -1.64
EBITDA: 35.24
EBIT (Earnings Before Interest and Taxes): -0.338
Market Cap: $30676066000
EPS (Earnings Per Share): 14.23
P/E Ratio (Price/Earnings Ratio): -0.385
Dividend per Share: 1.539
More about Li Auto Inc
Li Auto Inc. designs, develops, manufactures, and sells smart electric sport utility vehicles (SUVs) in China. The company is headquartered in Beijing, China.
Sector: Manufacturing
Industry: Motor Vehicles & Passenger Car Bodies
Market Cap: 250.88B
P/E Ratio: 16.37
Dividend Yield: None
Beta: 1.53
Current Stock Price: $125.87
EPS: 0.0945
Shares Outstanding: 1.24B
Current Yield: 51.41
Return on Equity: 20.69
Debt to Equity: 1.364
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.