Tesla(TSLA) 第一上海证券·2025-03-18 05:55Investment Rating - The report does not explicitly state an investment rating for Tesla (TSLA) [2]. Core Insights - Tesla claims it will be a victim of the U.S. government's tariff strategy, which may lead to increased electric vehicle prices due to rising costs and supply chain constraints [3]. - Tesla is collaborating with Baidu to enhance its Full Self-Driving (FSD) software by integrating Baidu's navigation map information [4]. - Initial details of Tesla's "affordable model" indicate it will be produced at the Shanghai Gigafactory, based on the Model Y but at a lower production cost, expected to be at least 20% cheaper than the new Model Y [5]. - Tesla has officially stopped accepting new orders for the old Model Y, which is now only available through existing inventory [6]. - In February, Tesla's wholesale deliveries in China were estimated at 30,000 vehicles, a decrease of approximately 53% month-over-month and 50% year-over-year [7]. Summary by Sections Company Overview - Tesla's stock price is reported at 804.1 billion and a total share count of 3.217 billion shares [8]. Delivery Data - For the week of March 3 to March 9, 2025, Tesla's domestic insurance registrations were approximately 13,800 vehicles, reflecting a quarter-over-quarter decline of about 37% but a year-over-year increase of about 5% [11].