Tag: china
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Reuters reports Tesla lowering Model Y output in China for last week of 2022.
Reuters reports that Tesla plans to suspend Model Y production at Shanghai the last week of 2022. It based its reporting on an internal memo and two unspecified person. They reported that Tesla may be cutting Model Y production 30% for December based on the knowledge of the two people Reuters spoke to. This information…
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China sold 1.65 million vehicles in November, down 10% from October with Tesla selling 100,291.
Xinhua reported Tesla delivered 100,291 vehicles. That’s up 40% from October and 89.7% from last year. This figure had the benefit of some prior inventory vehicles not delivered last month and also benefited from price cuts. China Passenger Car Association data showed BYD sold twice as many as Tesla at 229,942 total and 114,000 EV.…
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Top reasons why Tesla finished down 6.84% down 12.32 11/21/22
Nasdaq is down -121.55, -1.09% to finish at 11,024.51 volume at 3,893,774,855. Tesla has a Beta value of 1.96. The expected movement for Tesla would be 1.96 * -1.09% = -2.14%. Since Tesla went down 6.84% much higher than what the beta would suggest, there may be additional reasons other than macro economic or general…
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Tesla Model Y demand strong in China, Germany, UK and US for September 2022.
Despite supply chain challenges, Covid restrictions in China, huge stock market declines, continued conflict in Ukraine, the Tesla Model Y sales remain strong in many parts of the world for the month of September 2022. In October 5 2022, UK’s SMMT reported The Tesla Model Y is 2nd best selling car in UK for the…