40% of TSLA's manufacturing capacity is in China. That 950k+ figure is already at max output given August total production of 86,697 units, including 23,241 exported.
Production running at 1.04m units per year annualized. Estimate China accounted for 55% of total 3Q24 deliveries for the company.
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Of course $Tesla Motors(TSLA)$ will continue to do well in the US and Europe. It doesn’t need to compete with Chinese EV imports. That’s the simple truth of it.
The question is how long before Chinese EVs will gain manufacturing foothold in these markets to avoid tariffs, and how competitive can they be operating on foreign opex structures.
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