Tesla shares drop on report of steep May sales decline in China

CNBC2021-06-04

KEY POINTS The Information, citing a single source familiar with the data, wrote that Tesla's "monthly net orders in China dropped to about 9,800 in May from more than 18,000 in April." CNBC has not ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Timmyc
2021-06-04
Timmyc
eh but i just bought
Mccoy
2021-06-04
Mccoy
Buy the dip
Chinleong
2021-06-04
Chinleong
It is an opportunity to buy when Tesla shares are cheaper
- EdLien:
  [Smile]
Yaehweh
2021-06-04
Yaehweh
EV is still the future..look ahead!!
sharonyim
2021-06-04
sharonyim
pls comment and like ?
- KlWong:
  Thanks
- sharonyim:
  ???
- sharonyim:
  ???
- TJW1991ReplyBCZK:
  ok
- KlWong:
  Reply my comment
Salibee
2021-06-04
Salibee
Yo what the...??
- Pengwoo:
  Buy the dip son

Leave a comment

175

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1110094207?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-04 08:59","share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","id":"1110094207","market":"us","top_or_hot":-1,"title":"Tesla shares drop on report of steep May sales decline in China","media":"CNBC","content":"<div>\n<p>KEY POINTS\n\nThe Information, citing a single source familiar with the data, wrote that Tesla's \"monthly net orders in China dropped to about 9,800 in May from more than 18,000 in April.\"\nCNBC has not ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/03/tesla-shares-drop-on-report-of-steep-may-sales-decline-in-china-.html\">Source Link</a>\n\n</div>\n","source":"cnbc_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla shares drop on report of steep May sales decline in China</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla shares drop on report of steep May sales decline in China\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 08:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/03/tesla-shares-drop-on-report-of-steep-may-sales-decline-in-china-.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe Information, citing a single source familiar with the data, wrote that Tesla's \"monthly net orders in China dropped to about 9,800 in May from more than 18,000 in April.\"\nCNBC has not ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/03/tesla-shares-drop-on-report-of-steep-may-sales-decline-in-china-.html\">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://www.cnbc.com/2021/06/03/tesla-shares-drop-on-report-of-steep-may-sales-decline-in-china-.html","article_id":"1110094207","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/06/03/tesla-shares-drop-on-report-of-steep-may-sales-decline-in-china-.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1110094207","pubTimestamp":1622768378,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"KEY POINTS\n\nThe Information, citing a single source familiar with the data, wrote that Tesla's \"mont","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉","CAAS":"中汽系统"},"translate_title":"特斯拉公司股价下跌报告称5月在华销量大幅下滑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAAS":0.9,"TSLA":0.9},"content_text":"KEY POINTS\n\nThe Information, citing a single source familiar with the data, wrote that Tesla's \"monthly net orders in China dropped to about 9,800 in May from more than 18,000 in April.\"\nCNBC has not corroborated that report.\nElon Musk's electric vehicle company has been grappling with recalls and safety investigations in China.\n\nTeslashares dropped more than 5% Thursday after a report said the company’s vehicle orders in China steeply declined last month.\nTheInformation, citing a single source familiar with the data, wrote that Tesla’s “monthly net orders in China dropped to about 9,800 in May from more than 18,000 in April.” CNBC has not corroborated that report.\nTesla’s Shanghai factory is supposed to have the capacity to make around 500,000 electric cars a year for deliveries in China and exports to other parts of Asia and Europe.\nElon Musk’s electric vehicle company has been grappling with recalls and safety investigations in China. It is also dealing with apublic relations backlashthere following some high-profile vehicle crashes, price changes and quality complaints from Chinese customers.\nJL Warren Capital CEO Junheng Li said in an e-mail to CNBC that even though Tesla hasn’t spoken about potential impacts of its PR crisis in China, she expects they will be material.\n“We see a definitive material impact on Tesla branding, orders and deliveries for future months, although it’s hard to quantify exactly to what extent the declining demand is driven by concerns on Tesla’s safety features, or rising competition especially from Chinese automakers,” she said.\nLi’s equity research firm focuses on Chinese and U.S. companies with significant exposure in China. Her firm estimated, in a note on June 1, that Tesla orders in China declined by around 30% in May compared to April. While that’s not as dire as the 50% drop reported by The Information, Warren noted that “both are disastrous.”\nChina represented last year the second-largest electric vehicle market in the world, according toIEA research. Tesla’s near-term growth hinges largely on its ability to make and sell cars successfully in China.\nAccording to analysis of Tesla job listings bySnow Bull Capital,the company is stepping up hiring for “Legal & Government Affairs” positions in 2021 across the country. It’s also generally ramping up hiring at its Shanghai plant.\nChinese Tesla rival Nio saw deliveries slide in May as a global semiconductor shortage hit its business. But another competitor, Xpeng, said it delivered 5,686 cars in May representing a 483% year-on-year rise and a 10% increase from the previous month.\nTesla shares are down about 15% year-to-date, and down more than 35% from their intraday high on Jan. 29.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":116819452,"gmtCreate":1622787040176,"gmtModify":1704191196204,"author":{"id":"3580011596829973","authorId":"3580011596829973","name":"Timmyc","avatar":"https://static.tigerbbs.com/7d77f4fd6ea9788e2ccd1a17e255b01e","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"eh but i just bought&nbsp;","listText":"eh but i just bought&nbsp;","text":"eh but i just bought","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116819452","repostId":1110094207,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":116835705,"gmtCreate":1622786757307,"gmtModify":1704191190821,"author":{"id":"3574334422904887","authorId":"3574334422904887","name":"Mccoy","avatar":"https://community-static.tradeup.com/news/626386aff3a919ef011bb830574c9e4a","vip":1,"crmLevel":7,"crmLevelSwitch":1},"htmlText":"Buy the dip","listText":"Buy the dip","text":"Buy the dip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116835705","repostId":1110094207,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":116891732,"gmtCreate":1622785698526,"gmtModify":1704191171254,"author":{"id":"3559098973692807","authorId":"3559098973692807","name":"Chinleong","avatar":"https://static.tigerbbs.com/6dbcd389c42e41aa06c692b423858c4c","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1},"htmlText":"It is an opportunity to buy when Tesla shares are cheaper&nbsp;","listText":"It is an opportunity to buy when Tesla shares are cheaper&nbsp;","text":"It is an opportunity to buy when Tesla shares are cheaper","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/116891732","repostId":1110094207,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4576770,"gmtCreate":1622791644457,"gmtModify":1635337364296,"authorId":3578739292709085,"author":{"id":3578739292709085,"authorId":3578739292709085,"name":"EdLien","avatar":"https://static.tigerbbs.com/b4d85e297c27dc8237d9c6b5d0690f81","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116891732,"type":1,"supId":0,"prevId":0,"content":"[Smile]","text":"[Smile]","html":"[Smile]"}],"langContent":"EN"},{"id":116803492,"gmtCreate":1622784582816,"gmtModify":1704191156488,"author":{"id":"3585686234658532","authorId":"3585686234658532","name":"Yaehweh","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"EV is still the future..look ahead!!","listText":"EV is still the future..look ahead!!","text":"EV is still the future..look ahead!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116803492","repostId":1110094207,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":116199280,"gmtCreate":1622778630640,"gmtModify":1704191030923,"author":{"id":"3581852273201777","authorId":"3581852273201777","name":"sharonyim","avatar":"https://static.tigerbbs.com/00f79e45ab6c11af64432ccbb28a68c5","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"pls comment and like ?","listText":"pls comment and like ?","text":"pls comment and like ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/116199280","repostId":1110094207,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4582564,"gmtCreate":1622821716477,"gmtModify":1663227969128,"authorId":3585862393512500,"author":{"id":3585862393512500,"authorId":3585862393512500,"name":"KlWong","avatar":"https://static.tigerbbs.com/b20610400ddcc33719ca6767c3e3fbde","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116199280,"type":1,"supId":4577352,"prevId":0,"content":"Thanks","text":"Thanks","html":"Thanks"},{"id":4582392,"gmtCreate":1622821182300,"gmtModify":1663227968140,"authorId":3581852273201777,"author":{"id":3581852273201777,"authorId":3581852273201777,"name":"sharonyim","avatar":"https://static.tigerbbs.com/00f79e45ab6c11af64432ccbb28a68c5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116199280,"type":1,"supId":4577352,"prevId":0,"content":"???","text":"???","html":"???"},{"id":4582393,"gmtCreate":1622821188289,"gmtModify":1663227966329,"authorId":3581852273201777,"author":{"id":3581852273201777,"authorId":3581852273201777,"name":"sharonyim","avatar":"https://static.tigerbbs.com/00f79e45ab6c11af64432ccbb28a68c5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116199280,"type":1,"supId":4575178,"prevId":0,"content":"???","text":"???","html":"???"},{"id":4580131,"gmtCreate":1622812951666,"gmtModify":1663227954436,"authorId":3578904826776116,"author":{"id":3578904826776116,"authorId":3578904826776116,"name":"TJW1991","avatar":"https://static.tigerbbs.com/c1d13fbb3feb6459408472fb351d6fe0","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3584446485123140,"repliedAuthor":{"id":3584446485123140,"authorId":3584446485123140,"name":"BCZK","avatar":"https://static.tigerbbs.com/9d6199fae3b36c5e59b08755ed44f07e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":116199280,"type":1,"supId":4574637,"prevId":4575197,"content":"ok","text":"ok","html":"ok"},{"id":4577352,"gmtCreate":1622795073925,"gmtModify":1663227944734,"authorId":3585862393512500,"author":{"id":3585862393512500,"authorId":3585862393512500,"name":"KlWong","avatar":"https://static.tigerbbs.com/b20610400ddcc33719ca6767c3e3fbde","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116199280,"type":1,"supId":0,"prevId":0,"content":"Reply my comment","text":"Reply my comment","html":"Reply my comment"}],"langContent":"EN"},{"id":116106273,"gmtCreate":1622778270992,"gmtModify":1704191021425,"author":{"id":"3578610877384773","authorId":"3578610877384773","name":"Salibee","avatar":"https://static.tigerbbs.com/4171df5071ff91dad108e551fca14644","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Yo what the...??","listText":"Yo what the...??","text":"Yo what the...??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/116106273","repostId":1110094207,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4592167,"gmtCreate":1622884299604,"gmtModify":1663228011843,"authorId":3580001001481457,"author":{"id":3580001001481457,"authorId":3580001001481457,"name":"Pengwoo","avatar":"https://static.tigerbbs.com/aa79ab2280befd8251905f4287c40ba8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116106273,"type":1,"supId":0,"prevId":0,"content":"Buy the dip son","text":"Buy the dip son","html":"Buy the dip son"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":175,"commentSize":97,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1110094207"}