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On August 23, Tesla experienced a dramatic fluctuation in its market value.The single-day market value dropped sharply from US$713.267 billion to US$672.983 billion, with a loss of as much as US$40.284 billion, equivalent to about RMB 287.7 billion.

This incident is the latest in a series of sharp fluctuations in Tesla's market value recently.

In mid-to-late July, due to the impact of Microsoft's blue screen incident, Tesla's market value dropped by US$31.987 billion in one day, causing production lines at multiple factories in the United States to shut down.

Although Tesla's market value grew rapidly in early July, it is still far from its peak market value of over $1.2 trillion.

According to the latest data, Tesla's total revenue in the second quarter reached US$25.5 billion, a year-on-year increase of 2%, and GAAP net profit was approximately US$1.478 billion. Although it increased by 30% from US$1.129 billion in the first quarter, it decreased by 45% compared with the same period last year.

In addition, Tesla's gross profit in the second quarter was US$4.578 billion, and its gross profit margin was 18%, which was an increase from 17.4% in the first quarter, but still a decrease from 18.2% in the second quarter of 2023.

Tesla also announced that it has accelerated its production plan for low-priced models, which are expected to be put into production in the first half of 2025, earlier than originally planned. This new model will be able to be produced on the same line as existing models.

However, in the second quarter, Tesla's car production fell 14% year-on-year to 410,831 units, a new low in nearly five quarters. The cumulative production of Model 3 and Model Y was 386,576 units, a year-on-year decrease of 16%.

In terms of deliveries, Tesla delivered a total of 443,956 vehicles in the second quarter, down 5% year-on-year.