According to the latest report, Elon Musk had sold another $1 billion worth of Tesla shares, but it also pointed out the reasons for Musk’s sale of shares. , It is he who needs to pay the tax incurred from buying 1.55 million Tesla shares. TheFly.com also reported that Cathie Wood, head of ARK Invest, Sister Wood sold about 20,400 shares of Tesla shares on Tuesday, which is obviously another bad news for Tesla’s stock price.
For Tesla’s stock price, the biggest negative comes from Sweden. CNBC reported today that the local electric vehicle battery manufacturer Northvolt’s plant in Skellefteau has been put into production and produced the first lithium-ion battery before the end of the year.
Although the volume is only US$12 billion, it cannot be compared with the US$1.1 trillion Tesla, but in the field of battery production, Northvolt is still quite large, and it is the battery supply of Tesla competitors such as BMW, Volkswagen and Volvo Partner.
Northvolt plans to start supplying electric car batteries to Tesla’s competitors in 2022. The annual output of batteries at the Skelleftea plant will eventually increase to 1 million. This means that Tesla has a strong battery production competitor in Europe and faces more intense competition.