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Tesla logo in Berlin: Elon Musk believes record deliveries in the third quarter are possible - up to 140,000 vehicle deliveries could be
Photo:
Jens Kalaene / dpa
Tesla is once again an exception: while the fear of a renewed corona-related lockdown is putting a heavy strain on stocks worldwide, the US electric car manufacturer's shares are bucking the trend and thus continuing their recent recovery.
Tesla's shares climbed 3 percent in European trading on Monday, gaining more than 20 percent in value in the past ten trading days.
With a price of 372 euros, the Tesla share is no longer far from its record high of 400 euros reached at the beginning of September.
The reason for the confidence of the shareholders is once again an alleged "internal" message from Tesla boss Elon Musk, who is pushing his workforce for record deliveries in the third quarter (September 30th), which is coming to an end.
"We have the chance to have a record quarter in vehicle deliveries, but we will have to work hard to get there," Musk wrote in an email to employees.
In addition, it is extremely important to keep the factory's production as high as possible for the remaining ten days.
"This is critical to the California market."
Musk has written such motivational emails repeatedly in the previous quarters.
In it, he regularly calls on the workforce to perform at their best in order to achieve certain goals.
Electric car production, which had come to a standstill between March and May due to measures to combat the corona pandemic in the United States, has recovered in the current quarter.
Former Wall Street analyst Gary Black predicts record deliveries of 144,000 vehicles between July and September.
Tesla had reached its previous record in the fourth quarter of last year with 112,000 vehicles.
Tesla had recently made a profit for four quarters in a row.
Tesla shares are among the top five performers on the Nasdaq this year, but Tesla investors need good nerves right now.
Since the beginning of the year, the value of the share had increased more than fivefold at times after a share split.
At the beginning of September, the share came under severe pressure for a short time: the share took profit-taking on the Nasdaq tech stock exchange, a
capital increase surprisingly carried out
by
Elon Musk
(49) and the decision by the index provider S&P not to include Tesla in the US S&P 500 index and temporarily pushed it below the $ 350 mark from a record high of $ 500.
But after just a few days of the weakness in the share price, speculative investors get back in and drive the share up again.
It is now only around 9 percent below its most recent record high.
Tesla's rapid catch-up also has to do with possible Tesla competitors.
The hybrid truck developer Nikola, for example, is traded as a company that could take market share from Tesla in the lucrative pick-up market in the future.
A cooperation between Nikola and General Motors had recently pushed the highly valued share further up.
But recently, in contrast to Tesla, Nikola’s papers came under strong pressure: The US Securities and Exchange Commission is apparently scrutinizing the hybrid truck developer.
The authority wants to examine allegations of the short seller Hindenburg Research.
Although Nikola has not yet put a single vehicle on the road from his electric pickup "Badger", the news about the SEC investigations was enough to drop the start-up's share by 8 percent and the paper of the great role model To push Tesla up by almost 10 percent.
Nikola boss
Trevor Milton
(39) has now made his post available.
The electromobility market has run hot.
Potential or even self-appointed Tesla hunters are showered with billions of dollars in investor money.
In view of the dizzying valuation of Tesla, some institutional investors are taking profits: Baillie Gifford has so far been the largest shareholder in the electric car manufacturer behind Tesla boss Elon Musk.
At the beginning of September, Baillie Giffort announced after a report by the business agency Bloomberg that the stake in Tesla had been reduced from 7.67 to 4.25 percent.
This made Tesla a victim of its own success on the stock market: Apparently, Baillie Gifford was forced to take the step because its own investment guidelines set limits to the weight of a single share in the portfolio.
Even the reduced stake is enough for Baillie Gifford to hold the position of fourth largest shareholder.
more on the subject
Nikola, Rivian and Canoo: The airy promises of the alleged Tesla hunters by Jonas Rest
"Hindenburg" report causes unrest: Tesla rival Nikola in the sights of the stock exchange regulator
After a test drive with Musk in the ID.3: VW boss Diess - "There is no deal with Tesla in the making"
Tesla pulls everyone away: How Elon Musk is taking advantage of the German carmaker's crisis by Michael Freitag and Jonas Rest
After his recent visit to Germany, Elon Musk still has some plans in Germany.
The US electric car manufacturer plans to start producing around 500,000 vehicles a year in the new plant in Grünheide from next summer, with around 12,000 jobs planned for this.
During his flying visit to Germany, Musk also
stopped
by VW and took
a joint test drive
with VW boss
Herbert Diess
(61) in VW's hopeful ID.3.
In view of the modest acceleration values compared to Tesla, Diess justified himself to Musk: "It is a mainstream car - not a race machine."
The Tesla boss looked very relaxed on the test drive recorded in the video.
Investors apparently assume that Tesla will dominate the electromobility market for the next two to four years due to its technological lead.
Tesla is currently worth almost five times as much on the stock exchange as the world's largest car maker Volkswagen and around twice as much as the three German car makers VW, Daimler and BMW put together.
cr / la / Reuters