特斯拉：周报

Investment Rating - The report does not explicitly state an investment rating for the company [2] Core Insights - Tesla achieved a significant milestone by producing its three millionth vehicle at the Fremont factory, which indicates a production rate of approximately 45,000 vehicles per month or 540,000 vehicles annually, slightly below the previously reported annual production target of 650,000 vehicles for Q1 2024 [12][12] - The company plans to establish a local autonomous driving data center in China to comply with government data management requirements, ensuring the safety of data access while training its full self-driving algorithms [15] - Tesla's FSD (Full Self-Driving) subscription rate was reported at only 2%, but Elon Musk claimed the actual rate is much higher, with upcoming software updates expected to significantly improve performance [14] Summary by Sections Company Milestones - Tesla's Fremont factory produced its three millionth vehicle on May 18, marking a production milestone that reflects a strong output capability [12] - The production rate is slightly below the target set in the Q1 2024 report, indicating a need for potential adjustments in production strategy [12] Financial Metrics - Tesla's current stock price is $177.46, with a market capitalization of $565.95 billion and a total share count of 3.189 billion shares [13] - The 52-week high and low for the stock are $299.29 and $138.80, respectively, with a book value per share of $20.19 [13] Product Developments - Tesla's Berlin factory has begun producing Model Y vehicles with hardware version 4.0, phasing out the previous version [16] - The price of the Model 3 Performance in the U.S. was increased by $1,000 to $54,990, which is just below the threshold for electric vehicle tax credits [17] Market Activity - In the second week of May 2024, Tesla's domestic insurance registrations reached approximately 9,800 vehicles, showing a quarter-over-quarter increase of about 72% but a year-over-year decrease of about 2% [18]