汽车行业报告：2020年以来，特斯拉都卖去哪儿了？

天风证券股份有...2021-03-23

特斯拉2020 年全球销量回顾：2020 年，尽管受到全球疫情蔓延、企业停产停工、消费需求低迷等不利因素冲击，特斯拉全球销量仍达45.8 万辆（Marklines 口径），实现了同比50.4%的高增长。分区域看，美国仍为特斯拉现阶段主力市场，20 年销量20.6 万辆，同比增长14.9%；欧洲受疫情反复及新能源补贴政策调整等影响短期承压，20 年销量下降11.6%至9.8 万辆；中国成为主要增量...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

Yuyi
2021-03-23
Yuyi
特斯拉🚀🚀
- AliciaLing:
  经过昨天，感觉特斯拉没力呀！冲上回落收
- Yuyi:
  感觉上了714才有机会
- AliciaLing:
  什么是714?
金融少爷
2021-03-23
金融少爷
[微笑]
ruiping88
2021-03-23
ruiping88
[思考]
- Json22:
  [白眼]
Json22
2021-03-23
Json22
[眼眼]
- ruiping88:
  [微笑]

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2121106438?lang=zh_CN&edition=full","thumbnail":"https://static.tigerbbs.com/7c37e2b050b955b1a34b617021b1fb43","is_english":false,"pubTime":"2021-03-23 10:51","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2121106438","market":"us","top_or_hot":-1,"title":"汽车行业报告：2020年以来，特斯拉都卖去哪儿了？","media":"天风证券股份有...","content":"<div>\n<p>特斯拉2020 年全球销量回顾：2020 年，尽管受到全球疫情蔓延、企业停产停工、消费需求低迷等不利因素冲击，特斯拉全球销量仍达45.8 万辆（Marklines 口径），实现了同比50.4%的高增长。分区域看，美国仍为特斯拉现阶段主力市场，20 年销量20.6 万辆，同比增长14.9%；欧洲受疫情反复及新能源补贴政策调整等影响短期承压，20 年销量下降11.6%至9.8 万辆；中国成为主要增量...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103231051377e6750fa&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>汽车行业报告：2020年以来，特斯拉都卖去哪儿了？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n汽车行业报告：2020年以来，特斯拉都卖去哪儿了？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 10:51 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103231051377e6750fa&s=b><strong>天风证券股份有...</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>特斯拉2020 年全球销量回顾：2020 年，尽管受到全球疫情蔓延、企业停产停工、消费需求低迷等不利因素冲击，特斯拉全球销量仍达45.8 万辆（Marklines 口径），实现了同比50.4%的高增长。分区域看，美国仍为特斯拉现阶段主力市场，20 年销量20.6 万辆，同比增长14.9%；欧洲受疫情反复及新能源补贴政策调整等影响短期承压，20 年销量下降11.6%至9.8 万辆；中国成为主要增量...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103231051377e6750fa&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103231051377e6750fa&s=b","article_id":"2121106438","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/7c37e2b050b955b1a34b617021b1fb43"],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103231051377e6750fa&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2121106438","pubTimestamp":1616467895,"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"特斯拉2020 年全球销量回顾：2020 年，尽管受到全球疫情蔓延、企业停产停工、消费需求低迷等不利因素冲击，特斯拉全球销量仍达45.8 万辆，实现了同比50.4%的高增长。特斯拉在中国都卖去哪儿了？2021 年前两月，Model 3 在申粤浙京四地上牌数合计占比从2020 年64.7%下降至59.2%，其他地区占比则由35.3%上升至41.8%；Model Y在申粤浙京四地上牌数合计占比57.5%，在非限牌地区占比达42.5%。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":["research"],"viewcount":null,"language":"zh","relate_stocks":{"TSLA":"特斯拉"},"translate_title":"Auto Industry Report: Where has Tesla Motors been sold since 2020?","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/c2672f9be0777ade403a5ddb900847bb","symbols_score_info":{"TSLA":0.9},"content_text":"特斯拉2020 年全球销量回顾：2020 年，尽管受到全球疫情蔓延、企业停产停工、消费需求低迷等不利因素冲击，特斯拉全球销量仍达45.8 万辆（Marklines 口径），实现了同比50.4%的高增长。分区域看，美国仍为特斯拉现阶段主力市场，20 年销量20.6 万辆，同比增长14.9%；欧洲受疫情反复及新能源补贴政策调整等影响短期承压，20 年销量下降11.6%至9.8 万辆；中国成为主要增量市场，伴随上海超级工厂产能爬坡以及国产化率提升后售价持续下沉，20 年销量同比仍大增203.0%至13.7 万辆，全球占比快速提升至30.0%。\n特斯拉在中国都卖去哪儿了？\n（1）现阶段需求较高的地区仍为东部及沿海较发达且限牌的地区：据交强险数据，2020 年全国特斯拉上牌量13.9 万辆，其中在上海、广东、浙江、北京四地上牌量分别为3.3 万辆、2.6 万辆、1.7 万辆、1.4 万辆，占比分别为23.7%、18.5%、12.4%、10.2%，合计达到64.7%。（2）未来需求有望向非限牌的中西部地区加速扩散：国产特斯拉售价次第下探逐步打开非限牌地区市场需求。2021 年前两月，Model 3 在申粤浙京四地上牌数合计占比从2020 年64.7%下降至59.2%，其他地区占比则由35.3%上升至41.8%；Model Y在申粤浙京四地上牌数合计占比57.5%，在非限牌地区占比达42.5%。\n国产Model 3&Y 还有多大增长空间？\n我们预计21 年国产特斯拉在华销量将达到35 万辆（Model 3 的20万辆+Model Y 的15 万辆），中长期看好Model 3+Y 达到百万辆市场规模（Model 3 的40 万辆+Model Y 的50 万辆）。主要基于：（1）从美国市场表现看，Model 3&Y 已经对BBA 燃油车竞品形成了很强的替代效应。（2）在中国市场，Model 3&Y 可替代的BBA 燃油车竞品现有销量规模约90 万辆。\n（3）国产Model 3&Y 仍处于产品生命周期的成长期，销量远未见顶，考虑到中国消费者对SUV 的偏爱，Model Y 成长潜力更大。（4）中国工厂产能未来仍有很大提升空间。\n投资建议：特斯拉产销持续超预期，国产Model Y 的推出有望进一步点燃中国消费者购车热情。伴随上海超级工厂产能爬坡和零部件国产化推进带来车型售价进一步下探，以及自动驾驶技术的愈发成熟，我们坚定看好特斯拉产业链成为汽车板块中贯穿未来几年的投资主线，建议关注受益于特斯拉产销扩大及国产化率提升的产业链相关标的：（1）热管理【拓普集团、银轮股份、三花智控（家电组覆盖）】；（2）内饰【常熟汽饰、岱美股份、新泉股份、华域汽车】；（3）汽车电子【均胜电子、世运电路】；（4）底盘件【旭升股份、拓普集团、文灿股份】等。\n风险提示：特斯拉工厂产能爬坡不及预期；国产Model 3&Y 产销增长不及预期；国内供应商定点特斯拉进度低于预期。","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":353126879,"gmtCreate":1616472026591,"gmtModify":1634525647693,"author":{"id":"3568885585448254","authorId":"3568885585448254","name":"Yuyi","avatar":"https://static.tigerbbs.com/2c6eeb186816d2dcbffddfa79e1b8f21","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"特斯拉🚀🚀","listText":"特斯拉🚀🚀","text":"特斯拉🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/353126879","repostId":2121106438,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3860461,"gmtCreate":1616477064706,"gmtModify":1635750518953,"authorId":3558680293731120,"author":{"id":3558680293731120,"authorId":3558680293731120,"name":"AliciaLing","avatar":"https://static.tigerbbs.com/ca35384a8589b2187095e5d2d4706a00","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":353126879,"type":1,"supId":0,"prevId":0,"content":"经过昨天，感觉特斯拉没力呀！冲上回落收","text":"经过昨天，感觉特斯拉没力呀！冲上回落收","html":"经过昨天，感觉特斯拉没力呀！冲上回落收"},{"id":3873857,"gmtCreate":1616602582836,"gmtModify":1635749766537,"authorId":3568885585448254,"author":{"id":3568885585448254,"authorId":3568885585448254,"name":"Yuyi","avatar":"https://static.tigerbbs.com/2c6eeb186816d2dcbffddfa79e1b8f21","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":353126879,"type":1,"supId":3860461,"prevId":0,"content":"感觉上了714才有机会","text":"感觉上了714才有机会","html":"感觉上了714才有机会"},{"id":3875208,"gmtCreate":1616626007802,"gmtModify":1635749714448,"authorId":3558680293731120,"author":{"id":3558680293731120,"authorId":3558680293731120,"name":"AliciaLing","avatar":"https://static.tigerbbs.com/ca35384a8589b2187095e5d2d4706a00","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":353126879,"type":1,"supId":3860461,"prevId":0,"content":"什么是714?","text":"什么是714?","html":"什么是714?"}],"langContent":"CN"},{"id":353165945,"gmtCreate":1616470828187,"gmtModify":1634525652300,"author":{"id":"3578040303467129","authorId":"3578040303467129","name":"金融少爷","avatar":"https://static.tigerbbs.com/839d79ed07a9376248506040b23c62e5","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353165945","repostId":2121106438,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":353181844,"gmtCreate":1616469614788,"gmtModify":1634525657345,"author":{"id":"3571634257147368","authorId":"3571634257147368","name":"ruiping88","avatar":"https://static.tigerbbs.com/d1f053a026e77a382ded287ad97259cc","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[思考]&nbsp;","listText":"[思考]&nbsp;","text":"[思考]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/353181844","repostId":2121106438,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3859667,"gmtCreate":1616469716100,"gmtModify":1635750575712,"authorId":3577336254434050,"author":{"id":3577336254434050,"authorId":3577336254434050,"name":"Json22","avatar":"https://static.tigerbbs.com/3c16a23c0f6e610b10b01aa9281959fb","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":353181844,"type":1,"supId":0,"prevId":0,"content":"[白眼]","text":"[白眼]","html":"[白眼]"}],"langContent":"CN"},{"id":353112328,"gmtCreate":1616468930764,"gmtModify":1634525661044,"author":{"id":"3577336254434050","authorId":"3577336254434050","name":"Json22","avatar":"https://static.tigerbbs.com/3c16a23c0f6e610b10b01aa9281959fb","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"[眼眼]&nbsp;","listText":"[眼眼]&nbsp;","text":"[眼眼]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/353112328","repostId":2121106438,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3859681,"gmtCreate":1616469841191,"gmtModify":1635750575086,"authorId":3571634257147368,"author":{"id":3571634257147368,"authorId":3571634257147368,"name":"ruiping88","avatar":"https://static.tigerbbs.com/d1f053a026e77a382ded287ad97259cc","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":353112328,"type":1,"supId":0,"prevId":0,"content":"[微笑]","text":"[微笑]","html":"[微笑]"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":5,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.25.1","shortVersion":"4.25.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2121106438"}