TU-TESL

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Recently, in the "2019 annual meeting of China auto finance and hedge ratio Research Committee", we won the first and second place in the category of hedge ratio without any suspense. It can be seen that the three-year hedge ratio of model X and model s is 49.21% and 50.28% respectively, which is no less than that of about 50% of fuel vehicles at the same price. Model 3 has no trading data for reference, I believe it will perform better in the future. Such outstanding achievements fully reflect the strong product strength, strong market demand, leading OTA air software upgrade function and perfect charging network layout. Strong product strength is the main factor for Tesla to achieve excellent hedge ratio. Model x is a high-performance, safe and intelligent full-size, standard with all wheel drive, with a range of up to 575km and a 100km acceleration of up to 2.9s. At the same time, its Eagle wing door design and seven seat spatial layout are more scientific and practical, which subverts people's common understanding of automobile design. The model s is the most intelligent mass production vehicle in the world, with the longest 660 km endurance and the fastest 2.6 seconds and 100 km acceleration, which is enough to match the high performance, representing the highest level of mass production electric vehicles in the world. The product strength of leading industry standards has laid a good foundation for the circulation of Tesla models in the post market. At the same time, Tesla has advanced OTA air software upgrade function and virtual service center. Through continuously upgraded software, Tesla is able to continuously optimize functions such as intelligent vehicle networking, automatic driving assistance, etc., to ensure that the owner can have a fresh use experience in the next 5, 8 or even 10 years, so that each vehicle will always remain in a new state and directly extend the service life of the vehicle, which is incomparable to other automobile manufacturers so far. Tesla's nationwide charging network is also a strong guarantee for its excellent maintenance rate. Up to now, Tesla super has covered 140 + cities in China, with 2200 + super and 2100 + destination charging piles in total, and the charging network is still expanding. These charging piles are distributed in the core business districts, scenic spots, main roads, characteristic self driving lines and other areas of cities, providing convenient and fast "senseless charging" experience for car owners. Model X and model s won the first and second place in the maintenance rate of pure electric vehicles, which is the result of consumers' full recognition of Tesla brand and products. As a leader in the intelligent electric vehicle industry committed to "accelerating the transformation of the world to sustainable energy", Tesla will continue to focus on the development and innovation of energy technology to bring more intelligent and environmentally friendly travel experience for consumers.