Samsung Electronics Stock Price Drops After Shareholder Return Announcement; Tesla Domestic Sales Expected to Exceed 100,000 Units

This news raises expectations for an improvement in Samsung Electronics' mobile LSI business unit's performance.

A combination of foundry price increases and the effect of new chip adoption is expected to drive growth in the mobile AP sector.

The stock price rose before the announcement due to expectations of shareholder returns, but fell in after-hours trading following the announcement.

The market expressed disappointment with the dividend-centric return method. Despite presenting high predictability based on free cash flow, short-term disappointment-driven selling emerged.

In the long term, restoring corporate trust remains a crucial challenge.

Tesla's domestic sales are projected to exceed 100,000 units annually. Cumulative sales reached 60,000 units by July, and hitting 100,000 by year-end appears likely.

In particular, if the Model Y sells over 80,000 units annually, there's a possibility it could surpass the Kia Sorento to claim the top spot for a single model in domestic sales. This is primarily based on volumes produced at the Shanghai factory.

There are currently no concrete discussions regarding attracting a domestic Gigafactory.

Tesla has faced criticism for its variable pricing strategy, often referred to as market-price selling. However, due to price increases in other car models, Tesla's cost-effectiveness has been relatively highlighted.

Technological events, such as the deployment of FSD (Full Self-Driving) Lite, continuously attract consumer interest. Despite frequent controversies and recall issues, Tesla buyers' satisfaction remains high.

In terms of implementing autonomous driving features, Tesla holds an almost uniquely dominant position. While domestic car manufacturers are also releasing related technologies, they still have limitations in providing the same level of satisfaction as Tesla.

Tesla vehicles are eligible for subsidies. Domestic sales revenue surged from 700 million won in 2020 to 3.3 trillion won last year, showing strong growth.

This shift is accelerating the transition of domestically produced vehicles to export-oriented manufacturing.

Consequently, there are concerns that as the domestic market is encroached upon by foreign brands, it could negatively impact job creation in the domestic automotive industry.

Recent favorable export figures and positive domestic economic indicators have raised the possibility of an interest rate increase.

Some argue that with the depreciating exchange rate, there is no urgent need to aggressively raise interest rates for defense. Furthermore, there's a claim that the current inflation rate doesn't warrant a sharp increase in interest rates.

On the other hand, the increasing household debt and rising real estate prices are consistently cited as major reasons for an interest rate hike.

Kwon Soon-woo, Team Head, stated that while he personally prefers a freeze, he anticipates an interest rate hike this time. As the Monetary Policy Committee meeting draws closer, a trend of experts' opinions shifting from a freeze to a hike is being observed.

This is interpreted as reflecting experts' reevaluation of changing economic indicators and domestic and international situations.

This is based on the judgment that the economic burden of raising the benchmark interest rate is not significant.