Tesla(TSLA) 第一上海·2024-08-13 06:20Investment Rating - The report does not explicitly mention an investment rating for Tesla [1] Core Viewpoints - Tesla's Full Self-Driving (FSD) v12.5 update for HW3 vehicles is being rolled out, with significant software optimization and validation testing required due to a 5x increase in parameters [1] - Tesla's Q2 2024 safety report shows that FSD technology is effective in preventing accidents, with one accident occurring every 6.88 million miles (11.07 million km) when FSD is active, compared to 1.45 million miles (2.33 million km) without FSD [1] - Tesla has been included in the Chinese government procurement list in more provinces, with Model Y being added to the procurement list in Jiangsu and Fujian provinces [1] - Tesla has partnered with Sunrun, a major US solar product supplier, to integrate Powerwall into Sunrun's solar installations in Texas, participating in ERCOT's aggregated distributed energy resource pilot program [2] - Tesla has launched Cybertruck in Canada and Mexico, with prices starting at CAD 137,990 for the all-wheel-drive version and CAD 165,990 for the CyberBeast [3] - Tesla China's wholesale vehicle sales in July 2024 were 74,117 units, up 4% month-over-month and 15% year-over-year, with domestic sales rising 47% year-over-year to 46,227 units, while exports fell 15% to 27,890 units [4] - Tesla China's domestic insurance registrations for the first week of August 2024 were approximately 12,500 units, down 9% quarter-over-quarter [4] Industry Overview - Tesla operates in the automotive industry, with a market capitalization of USD 638.928 billion and a share price of USD 200.00 as of the report date [1] - The company has a total of 3.195 billion shares outstanding, with a 52-week high/low of USD 278.98 and USD 138.80, respectively, and a book value per share of USD 20.80 [1]