Chinese car sales hit record for August; Tesla deliveries up

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Chinese car sales hit record for August; Tesla deliveries up

seekingalpha2023-09-08

China delivered 2.24 million cars in August, a record for a usually slow period of time. EVs and plug-in hybrids totaled 716,000, up 35% from a year earlier. The association said that exports were the...

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EVs and plug-in hybrids totaled 716,000, up 35% from a year earlier. The association said that exports were the...</p>\n\n<a href=\"https://seekingalpha.com/news/4010199-chinese-car-sales-hit-record-for-august-tesla-deliveries-up\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://seekingalpha.com/news/4010199-chinese-car-sales-hit-record-for-august-tesla-deliveries-up","article_id":"2365409028","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/959536034/image_959536034.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2365409028","pubTimestamp":1694178288,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Look East Tesla's China-made EV sales surge in August","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉","TSLL":"Direxion Daily TSLA Bull 2X Shares"},"translate_title":"8月份中国汽车销量创下纪录；特斯拉交付量上升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1,"TSLL":1},"content_text":"China delivered 2.24 million cars in August, a record for a usually slow period of time. 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On Thursday, Seeking Alpha analyst Sapphire Wealth Insights called Tesla overvalued. “Tesla, Inc.'s (TSLA) dwindling margins emphasize its identity as an automaker, refuting the claims of staunch supporters that it deserves a different valuation,” the analyst said. “Tesla begins to face the hurdles of traditional car companies, including supply chain disruptions, cyclical business patterns, and heightened competition.” The EV maker's current share price is unsustainable. “Elon Musk's unpredictable actions and statements, particularly on social media, introduce an additional layer of risk. His disregard for shareholder concerns and potential political associations could impact the company's success.” Shares of TSLA are up 132% year-to-date.  More on Tesla  Seeking Alpha’s Quant Rating on Tesla Historical earnings data for Tesla Financial information for Tesla Tesla: Overvalued Car Company - Likely To Face Further Margin Deterioration Buy Rating For Tesla Ahead Of An Impending Rally Why I Decided To Short Tesla Tesla: A Great Company At A Bad Price Tesla, Rivian and other EV pure plays look for an edge while Detroit automakers face crippling strike Why did Tesla stock go up today? Look East Tesla's China-made EV sales surge in August","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}