On May 19, local time, the stock price of $Tesla (TSLA.US)$ continued to fall, falling below the $700 mark again before the market, and it has fallen by more than 40% from the all-time high in November last year.

As of the close, Tesla’s shares fell slightly by 0.05% to $709.42 per share.

As the stock price continued to retreat, Leo Koguan, an individual shareholder who became a billionaire by investing in Tesla, began to sit still. Liao Kaiyuan called on social media on Thursday that Tesla should immediately announce a plan to buy back $15 billion (about 100 billion yuan) of stock, given the company’s stock price continues to fall. Liao Kaiyuan said in a tweet to Martin Viecha, Tesla’s senior director of investor relations, that Tesla should immediately announce plans to buy back $5 billion in stock this year and $10 billion next year. Liao Kaiyuan also said that Tesla should use its free cash flow to fund buybacks to avoid drawing on the company’s existing $18 billion in cash reserves.

According to US media reports, Liao Kaiyuan bet on Tesla in the early days of the new crown epidemic, and he made billions of dollars by long Tesla. It is reported that after liquidating the stocks of companies such as Baidu, Nvidia and Weilai Automobile, Liao Kaiyuan has concentrated all his investments in Tesla’s stock.

However, because the number of shares held has not reached 5%, Liao Kaiyuan’s specific shareholding and shareholding ratio do not need to be disclosed to the public, and he is not a member of Tesla’s board of directors, so it remains to be seen how much he can influence the company’s decision-making.

Tesla suffers two shocks in one day

In addition to the continuous decline in the stock price, Tesla has also suffered two major negative impacts recently.

On May 18, S&P Dow Jones Indices announced a revision of the S&P 500 ESG Index, which this month removed 35 companies, including Tesla, from the S&P 500 ESG Index. Excluded companies also include Home Depot, Chevron, Under Armour, Advance Insurance and others. 36 new companies were added, including Twitter, Moderna, Marathon Oil, Expedia Group, and more. Apple, Microsoft, Amazon, Alphabet and more were selected again.

According to the official website, the S&P 500 ESG was launched in 2019. The S&P 500 ESG Index stock selection takes into account the S&P Dow Jones Indices ESG score, market capitalization factors, etc. The goal of the S&P 500 ESG Index is to broadly cover various companies in the S&P 500 Index, maintain a similar level of return, and provide better ESG characteristics.

In response to Tesla being kicked out of the S&P 500 ESG Index by the Dow Jones Indices, Musk said: This is obviously eccentric activist behavior, and what I like most about eccentrics is their incredible sense of humor.

In addition, the U.S. National Highway Traffic Safety Administration (NHTSA) disclosed on Wednesday that it has launched a special investigation into a crash involving a Tesla vehicle that has killed three people, confirming that the accident vehicle was a 2022 Tesla Model S. The NHTSA is investigating more than 30 suspected serious crashes involving Tesla vehicles using the Autopilot feature. A number of other Tesla crashes have also resulted in fatalities, NHTSA records show. Tesla (TSLA.O) did not respond to a request for comment.

Tesla sales on the rise

Despite the negative news, it did not affect Tesla’s sales.

On May 19, data released by the California New Car Dealers Association (CNCDA) showed that the total number of light vehicle registrations in California in the first quarter of this year was 425,216, a year-on-year decrease of 13.8%. The association noted that the reason for the drop in sales was not lack of demand, but limited production. Among them, the number of electric vehicle registrations increased by about 37% year-on-year to 73,138 (estimated), accounting for 17.2% of the total registrations, a record high. Tesla’s registrations soared 83.7% to 48,038 vehicles, and its market share increased to 11.3% from 5.3% in the same period last year, making it the fastest-growing brand in the state.

In terms of models, the Tesla Model Y (21,812) and Tesla Model 3 (21,506) were the two best-selling vehicles in California in the first quarter, surpassing the Toyota RAV4 (15,990) and the Toyota Camry (12,257). , Honda Civic (11,057) and Ford F-Series (10,279). In 2021, the Tesla Model Y will be the second-largest in sales, behind the Toyota Camry, while the Model 3 will be fifth.

In addition to the Model Y and Model 3, Tesla’s two high-end vehicles, the Model S and Model X, registered 3,495 and 1,225 vehicles in California in the first quarter of this year, respectively.

In China, from January to April 2022, Tesla’s Shanghai Gigafactory has delivered 183,686 vehicles, which is more than 1.7 times the delivery volume in the same period in 2021, and has surpassed the delivery volume for the whole year of 2020. Tao Lin, Tesla’s global vice president, said: “We believe that the epidemic is only a short-lived test and challenge. We have also seen the ability of all walks of life to cope with challenges during the resumption of work. We believe that (production) will soon return to normal.” Tesla CEO Elon Musk also said: “Tesla China’s work progress is amazing.”

In Europe, Tesla will sell about 168,000 units in Europe in 2021, of which Model 3 sales will reach 141,400 units, making it the highest-selling pure electric model in Europe last year. In March of this year, Tesla Model 3 topped the European electric vehicle sales list with 23,013 units, followed by Model Y. Also in March, Tesla officially opened its first super factory in Europe, mainly producing Model Y and Model 3 models, with an expected annual output of 500,000 vehicles.

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