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

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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 ...

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Timmyc
·2021-06-04
eh but i just bought
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Mccoy
·2021-06-04
Buy the dip
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Chinleong
·2021-06-04
It is an opportunity to buy when Tesla shares are cheaper
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3
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- EdLien:
  [Smile]
  2021-06-04
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Yaehweh
·2021-06-04
EV is still the future..look ahead!!
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sharonyim
·2021-06-04
pls comment and like ?
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5
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- KlWong:
  Thanks
  2021-06-04
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- sharonyim:
  ???
  2021-06-04
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- sharonyim:
  ???
  2021-06-04
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Salibee
·2021-06-04
Yo what the...??
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- Pengwoo:
  Buy the dip son
  2021-06-05
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LeeWan
·2021-06-04
Ohhh noOhnononono
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douknowdaway
·2021-06-04
Will it drop all the way or is this just temporary? If temporary should one buy now? Pls like and comment
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- ZEROHERO:
  Buy and hold for 5 years
  2021-06-04
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Ky1
·2021-06-04
Start of a new trend? I will buy put
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skyel
·2021-06-04
It's just temporary setback
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- Dittosg:
  Will be back
  2021-06-04
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LY1970
·2021-06-04
Oh no....
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- LY1970:
  Sad news
  2021-06-04
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xwteric
·2021-06-04
ok. pls comment back
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- szueyann:
  ok
  2021-06-04
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- skyel:
  Please like and comment
  2021-06-04
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szueyann
·2021-06-04
Please like and comment. Thanks
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- szueyann:
  thanks
  2021-06-04
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- szueyann:
  thanks
  2021-06-04
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- Acella:
  ?
  2021-06-04
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terryvstitch
·2021-06-04
Wow
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- szueyann:
  good
  2021-06-04
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linrui
·2021-06-04
Buy or sell?
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- ZEROHERO:
  Buy the dip, not steep enuf
  2021-06-04
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- szueyann:
  ?
  2021-06-04
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JinHan
·2021-06-04
Buy the dip and hold till retirement!
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- JinHan:
  No doubt about the other China EV players. I personally believe that Tesla is more than just a EV company. It’s more than an energy company
  2021-06-04
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- xemrunx:
  Unless you still believe in Tesla to dominate the EV industry. Remember, the germans/chinese are coming up with even better EVs.
  2021-06-04
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Synie
·2021-06-04
?‍♀️
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Chifield
·2021-06-04
Could be seasonal or due to chip shortage? Don't forget Tesla only started producing in China last years so may need abit of time to iron out issues.
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- ZEROHERO:
  See long term will be more rewarding
  2021-06-04
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CK11
·2021-06-04
EV is for long term.
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- CK11:
  [握手]
  2021-06-04
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- KF73:
  Yes
  2021-06-04
  Reply
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LixNg
·2021-06-04
[Cry]
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1
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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":"news","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":[{"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,"authorIdStr":"3580011596829973","idStr":"3580011596829973"},"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/34efbbce60dfa147155de1aa3a1e5a09","vip":1,"crmLevel":8,"crmLevelSwitch":1,"authorIdStr":"3574334422904887","idStr":"3574334422904887"},"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":7,"crmLevelSwitch":1,"authorIdStr":"3559098973692807","idStr":"3559098973692807"},"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 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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,"authorIdStr":"3581852273201777","idStr":"3581852273201777"},"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,"idStr":"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,"idStr":"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,"idStr":"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,"idStr":"3578904826776116","authorId":3578904826776116,"name":"TJW1991","avatar":"https://static.tigerbbs.com/c1d13fbb3feb6459408472fb351d6fe0","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3584446485123140,"repliedAuthor":{"id":3584446485123140,"idStr":"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,"idStr":"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,"authorIdStr":"3578610877384773","idStr":"3578610877384773"},"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,"idStr":"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 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Remember, the germans/chinese are coming up with even better EVs.","text":"Unless you still believe in Tesla to dominate the EV industry. Remember, the germans/chinese are coming up with even better EVs.","html":"Unless you still believe in Tesla to dominate the EV industry. Remember, the germans/chinese are coming up with even better EVs."}],"langContent":"EN"},{"id":116335658,"gmtCreate":1622773591774,"gmtModify":1704190912123,"author":{"id":"3580902926728517","authorId":"3580902926728517","name":"Synie","avatar":"https://static.tigerbbs.com/ed0bc4a9b6654539c7ca6cab183ca990","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3580902926728517","idStr":"3580902926728517"},"htmlText":"?‍♀️","listText":"?‍♀️","text":"?‍♀️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116335658","repostId":1110094207,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":116332546,"gmtCreate":1622773560085,"gmtModify":1704190910814,"author":{"id":"3578976238295519","authorId":"3578976238295519","name":"Chifield","avatar":"https://static.tigerbbs.com/35652f65436cad86ed1f7c0d94afae69","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3578976238295519","idStr":"3578976238295519"},"htmlText":"Could be seasonal or due to chip shortage? 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rewarding"}],"langContent":"EN"},{"id":116339362,"gmtCreate":1622773161356,"gmtModify":1704190902653,"author":{"id":"3581899057268262","authorId":"3581899057268262","name":"CK11","avatar":"https://static.tigerbbs.com/0923eb4b52245eb1bf4d6c510566f9f5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581899057268262","idStr":"3581899057268262"},"htmlText":"EV is for long term.&nbsp;","listText":"EV is for long term.&nbsp;","text":"EV is for long 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