Tesla is facing unprecedented difficulties for any car company.

Tesla (NASDAQ：TSLA) released its 2014 financial report last week. Optimists and bears are trying to figure out the company’s past performance, current situation and future prospects through financial reports, and their behavior may prove one thing — — Can Tesla match its market value of $26 billion? Of course, there is also a possibility that Tesla’s life is more difficult. Tesla’s shares fell sharply on Monday, reaching below $200 per share. At its peak in September 2014, Tesla’s share price was $291 per share.

In a report released today, Barclays said that things are really not as good as they seem. The bank adjusted Tesla’s target price to $190 in a recent report on Tesla.

According to the author of the report, Tesla is successful only in terms of its subversion and innovation in the traditional automobile market. However, we need to understand Tesla from different angles, including recent income statement, company inventory and how to deal with used cars.

Tesla pointed out many problems that Tesla faced in this financial report. Among them, the most unforgettable thing is Tesla’s charging network problem.

The financial report pointed out that "our charging network development plan requires a lot of capital investment and management resources, which may not meet our expectation of selling more Tesla products." Tesla also pointed out that the development of Tesla stores and service centers also requires a lot of money.

Imagine, how many car companies are committed to building infrastructure for these cars to run? At least those car companies that are leading in electric vehicles and can be called Tesla’s competitors claim to build a charging network. However, traditional car companies like BMW and Volkswagen still have a long way to go before electric vehicles surpass Tesla, and Tesla has established a huge network of super charging stations in the United States and Europe and is expanding in China.

Tesla recently said in its official blog that Tesla has built 2000 super charging stations around the world.

Up to now, the design and production of cars are still very difficult, and a lot of financial support is needed, especially for innovative cars like Tesla. In addition, Tesla needs a lot of money to build a charging station to replace the traditional fuel car gas station. If you are a traditional car manufacturer, you may have been shaking with fear. Imagine that GM should build a traditional fuel gas station from scratch, starting from the United States, then to Europe, and then to China … …

You may not want to face such cruel reality every day! However, in the next few decades, Tesla will not only develop new models, but also face such a huge challenge as developing charging networks. It can only be said that the business of this company is not just as simple as cars.

Attachment: Global Distribution Map of Tesla Charging Network Construction in 2016