Tianqi Lithium Industry (002466) fell by the daily limit today, and the stock price has fallen.FreeplaynodepositBy 70%, the first quarter forecast deduction of non-net profit and loss of about 4 billion, is the second largest single-quarter loss in history. Used to be close to 300 billion market capitalization.FreeplaynodepositThe white horse, which now has a market capitalization of just over 60 billion, has little impact on the market index. Affected by it, by the close of trading today, Ganfeng Lithium (002460) was down 6%.Freeplaynodeposit.6%, down 1% in Ningde era (300750)Freeplaynodeposit.5%, Longji Green Energy fell 1.7%, Sunshine Power (300274) fell 1.6%. The new energy sector is howling. Tesla soared more than 10 per cent in after-hours trading this morning after its CEO, Elon Musk, said on an analyst conference call that Tesla would launch cheaper mass-produced electric cars next year. Tesla's quarterly report is not good either, and the share price has fallen by 40%. Revenue fell in the first quarter of this year, halving profits. Musk said he would launch cheaper and larger models in exchange for sales growth. Trading price for volume is the key to large-scale and high market capitalization. Tianqi lithium industry has been affected by the collapse in the price of upstream raw materials, and the price of end products has been further reduced. Tesla's market capitalization remains at the end of 2020 and cheaper models are needed to stimulate growth. Cycle stock Tianqi lithium has entered the bottom consolidation period, not suitable for investment. The bottom of new energy may be coming soon, but it will take some time.
