This week, after Musk announced that he would return to "full-time work" mode, Tesla's stock price rose. As of the closing of US stocks on Tuesday, Tesla's stock price increased by nearly 7%.
Musk made his full return to work statement before the launch of his space exploration company SpaceX. However, the launch that day failed again, and Tesla's sales in Europe plunged nearly 50% last month.
After Musk participated in the efficiency department of the Trump administration, Tesla's stock price has fallen more than 10% this year. Musk recently publicly stated on X platform that he will "sleep in the office and factory" again and focus on the operation of the company.
At Tesla's earnings conference call in April this year, Musk had already said that he would "significantly" reduce his time working in the efficiency department of the Trump presidential administration. Last week, when he attended the Qatar Economic Forum in Doha, he also said that he hopes to continue leading Tesla for the next five years.
Tuesday saw the ninth launch of Musk's Starship spacecraft. After two previous launch accidents this year, the ninth launch encountered another failure. This is the eighth consecutive failure of the company's launches. Previously, SpaceX's Starship spacecraft had been grounded for nearly two months.
Musk aims to send humans and cargo to the moon by the end of this century and eventually to Mars. The Starship spacecraft he built will eventually replace SpaceX's Falcon 9 rocket as the mainstay of the company's commercial launch business. He also revealed at the Qatar Economic Forum last week the plan for SpaceX's satellite internet service provider Starlink to potentially go public at some point in the future.
On the other hand, Tesla's sales are also facing challenges. According to the latest data released by the European Automobile Manufacturers Association on May 27th, Tesla's sales in Europe fell 49% year-on-year in April this year. Overall, Tesla's sales in Europe from January to April this year fell more than 40% year-on-year. This reflects that Tesla's brand power is being questioned in the European market.
He also said that he will focus highly on the artificial intelligence company xAI and Tesla, as these companies are launching "key technologies". Last weekend, Musk's social media company X platform experienced a crash, causing users to be unable to use it temporarily. In response to the crash, Musk said: "These problems indicate the need for significant operational improvements."
Meanwhile, Musk's artificial intelligence company xAI is planning to build a large factory with 1 million GPUs. Last week, Musk also mentioned at the Qatar Economic Forum that he is purchasing more chips from companies like NVIDIA AMD.
(This article comes from Yicai Global.)
Original source: https://www.toutiao.com/article/7509335755056185890/
Disclaimer: The article represents the views of the author alone, and you can express your attitude by using the "like/dislike" buttons below.