Another miracle: Tesla's market value exceeded trillions of dollars!

　　On October 25th, local time in the United States, Tesla's share price rose 12.66% to $1024.86, with a total market value of 1.03 trillion, breaking through one trillion US dollars. Musk, who holds 17.22% of Tesla's stock, rose by $19.55 billion in a single day. According to Bloomberg's real-time rich list rankings, Musk ranked first with 252 billion US dollars, surpassing the second Amazon founder Bezos's 193 billion US dollars, ranking first in the world's richest list.

　　It is reported that Tesla is the first car manufacturer to enter the trillion-dollar market capitalization club. Musk exclaimed on Twitter: "Crazy trillion moments!" In another tweet, Musk said that Hertz's 100,000 orders were not discounted.

　　Tesla's stock price skyrocketed is related to its acquisition of the largest electric car order in the history of the world. According to recent reports, the American car rental giant Hertz has placed an order for 100,000 Model 3s from Tesla. This is also the largest electric vehicle purchase transaction in history, which will bring Tesla approximately $4.2 billion in revenue.

　　Regarding the increase in Tesla's market value, Musk also expressed his views on Twitter. Some netizens on Twitter said that Tesla's 100,000 orders for Hertz was a huge and super improvement. Musk responded by saying: What is strange is that Tesla's valuation changes are largely a production ramp issue, not a demand issue. He understood that Tesla's production capacity began to climb, and deliveries increased significantly. And Tesla’s sales have always been in short supply, which is not surprising.

　　In fact, Tesla's stock price skyrocketed yesterday, driven by multiple positive factors. In addition to the acquisition of 100,000 Model 3 orders for Hertz rental cars. Tesla's revenue performance in China has also been released. Data show that Tesla’s revenue in the Chinese market in the third quarter of this year reached US$3.113 billion, a year-on-year increase of 78.5%. According to the document, in the first three quarters of this year, Tesla's revenue in China was US$9.015 billion, accounting for approximately 25% of Tesla's global revenue, making it the second largest market for Tesla after the United States. It is particularly worth noting that Tesla has used lower-cost lithium iron phosphate batteries to replace the expensive Panasonic lithium batteries in China, which has greatly increased Tesla's profitability.

　　Lithium-ion battery (LIB) has become the main energy storage solution in modern social life. Among them, lithium iron phosphate batteries are a perfect substitute for lead-acid batteries, and are the first choice for grid-connected peak shaving, off-grid energy storage, photovoltaic energy storage, UPS, data center and other industries.