当前位置:文档之家› 2020年特斯拉专题投资策略调研分析报告

2020年特斯拉专题投资策略调研分析报告

2.优质产品力和领先的智能化水平,打造强大护城河 .............................................................................................15 2.1 打造优质产品力,Model 3 具备性价比优势 ................................................................................................15 2.2 智能化水平领先,自动驾驶领跑全球................................................................................19
OAiWbWmUfUgUaXjWaQ8Q6MnPoOsQoOiNoOoMlOoMqQ6MqRrONZqMsNwMrRtP
图 1:特斯拉发展历程 ...........................................................................................................................................7 图 2:2006 年马斯克提出的 Master Plan.............................................................................................................8 图 3:2016 年马斯克提出的 Master Plan, Part Deux .........................................................................................8 图 4:特斯拉的股权结构 .....................................................................................................................................10 图 5:特斯拉各车型季度产量 .............................................................................................................................10 图 6:特斯拉各车型季度交付量 .........................................................................................................................10 图 7:特斯拉历年各车型在美销售量 .................................................................................................................11 图 8:特斯拉历年各车型在欧销售量 .................................................................................................................11 图 9:特斯拉历年营业收入及增速 .....................................................................................................................12 图 10:特斯拉历年归母净利润及增速 ...............................................................................................................12 图 11:特斯拉历年单季归母净利润及增速........................................................................................................12 图 12:特斯拉历年的毛利率及净利率 ...............................................................................................................13 图 13:特斯拉历年单季毛利率及净利率 ...........................................................................................................13 图 14:特斯拉历年的主营业务构成——按产品 ...............................................................................................13 图 15:2019 年特斯拉的主营业务构成 ..............................................................................................................13 图 16:特斯拉各主营业务的毛利率 ...................................................................................................................14 图 17:特斯拉历年的主营业务构成——按地区 ...............................................................................................14 图 18:特斯拉历年的研发费用情况 ...................................................................................................................14 图 19:特斯拉与车企巨头的研发费用率对比 ...................................................................................................14 图 20:特斯拉的经营性现金流量净额 ...............................................................................................................15 图 21:特斯拉的单季经营性现金流量净额 .......................................................................................................15 图 22:特斯拉的资本支出 ...................................................................................................................................15 图 23:特斯拉的产品序列 ...................................................................................................................................16 图 24:特斯拉 Model 3 的电池包........................................................................................................................17 图 25:特斯拉 Model 3 的 BMS 主板 .................................................................................................................17 图 26:美国豪华汽车品牌的销量走势(万辆) ...............................................................................................17 图 27:2019 年美国豪华汽车品牌竞争格局 ......................................................................................................17 图 28:Model 3 与同等价位中型豪华车的 2019 年美国销量...........................................................................19 图 29:Model 3 与同等价位中型豪华车的 2019 年欧洲销量...........................................................................19 图 30:特斯拉的蜂窝数据网络可实现的功能 ...................................................................................................21 图 31:特斯拉车主可购买蜂窝数据网络流量的权限 .......................................................................................21 图 32:特斯拉国产化进程不断推进 ...................................................................................................................22 图 33:上海超级工厂外观 ...................................................................................................................................22 图 34:上海超级工厂生产 ...................................................................................................................................22 图 35:中国豪华品牌乘用车销量(不含进口) ...............................................................................................24 图 36:中国 28~42 万元级别乘用车的销量 .......................................................................................................24 图 37:宁德时代的 CTP 高集成动力电池开发平台..........................................................................................29
相关主题