$Tesla Motors(TSLA)$ $TSLA Chi-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Tesla Motors(TSLA)$

$TSLA China Deliveries Surge 40%, Model Y Production Cut!!

• Tesla China's vehicle deliveries increased by 40% last week despite reports of a 20% Model Y production cut for the next quarter.

• Tesla registered 13,800 new vehicles in China last week, marking a 41% increase from the previous week and sold 163,000 domestically from January to April.

• Reports indicate a decline in Model Y production in China, with 17.7% fewer units in March and 33% fewer in April compared to 2023.

• Tesla introduced promotions like free supercharging and zero-interest/down payments for Model 3 and Model Y orders by June 20th and June 30th, respectively, likely contributing to increased sales.

• Reports suggest Tesla China plans to cut Model Y production by at least 20% from March to June, with significant production reductions already observed.

• Tesla's omitted goal of delivering 20 million vehicles annually by 2030 in its impact report indicates a potential shift in focus, possibly towards robotaxis.

• In the US, Tesla introduced promotional loan rates, initially at 0.99% APR, later increased to 1.99% for 72-month loans, aiming to stimulate sales.

• China's government stimulus measures could impact Tesla's sales trajectory in the region, with fluctuations seen between weaker April and potentially stronger May sales.

Musk to Build Supercomputer? How Do You View?

Elon Musk recently told investors his artificial intelligence startup xAI is planning to build most powerful AI supercomputer powered by 100,000 Nvidia chips. The AI supercomputer will aim to power the next generation of xAI’s chatbot, Grok. Ark Venture Fund has purchased a partial stake in Musk's artificial intelligence startup xAI. ------------- How do you view? Can Elon Musk catch up with the AI development? Is it a good investment? Does the supercomputer development mean more upside for Nvidia?

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