Tesla may be much worse off in China than anyone thought

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Tesla may be much worse off in China than anyone thought

cnn2021-05-14

New York (CNN Business)Tesla's Chinese sales last month were much weaker than they originally appeared. Although Tesla does not report monthly sales or regional revenue, the China Passenger Car ...

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th0mastan
·2021-05-15
Tsla to the moon
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1
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- w00ters:
  Yes
  2021-05-17
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LoveShare
·2021-05-15
I love Tesla! $Tesla Motors(TSLA)$
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2
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JJQ
·2021-05-15
Tesla and NIO!
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3
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- 约翰:
  Nio is good, but I like Tesla more.
  2021-05-16
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Fatboy79
·2021-05-15
Good, short Tesla!
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WildFoE
·2021-05-14
[Facepalm]
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JustStonks
·2021-05-14
NIO will be the premium car in China. Will definitely take over TSLA market share in China market.
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2
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fongj
·2021-05-14
Since Tesla sold less, the rest of the local ev companies would benefit in fulfilling the demands.
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2
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- fongj:
  In the long run.
  2021-05-15
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- Frosty4ever:
  thought the local ev sales also sent down?
  2021-05-14
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brandonwcj
·2021-05-14
Not surprising
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Lailailai
·2021-05-14
Hmm
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- Lailailai:
  Like
  2021-05-14
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SherylSim
·2021-05-14
Hmm would tesla do well in the long run?
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1
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- Fatboy79:
  Japanese will overtake sooner or later
  2021-05-15
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- josica:
  reply pls
  2021-05-14
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DingDang
·2021-05-14
NIO!!! Please like and comment!
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5
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- JJQ:
  NIO ? but also Tesla ?
  2021-05-15
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- YoshiTei:
  more competition from local EVs
  2021-05-14
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- josica:
  reply pls
  2021-05-14
  Reply
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IamBolt
·2021-05-14
Like and comment
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4
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- xvin23:
  好的
  2021-05-15
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- Starbless:
  Ok
  2021-05-14
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Kingvect
·2021-05-14
Yes...now is the time for us.
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1
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Ryanval2007
·2021-05-14
Good
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1
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kuppi
·2021-05-14
Expected
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Edithlo
·2021-05-14
Seriously. Not sure if should buy more
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valueTrader
·2021-05-14
Tesla is good, but competition is coming
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3
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UTOtrader
·2021-05-14
Sell tesla! Buy banks!
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- HoldTheDoor:
  reply my comment
  2021-05-14
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CcccL
·2021-05-14
Yup, winter is coming
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- josica:
  reply pls
  2021-05-14
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- charlito:
  cold cold winter for tesla
  2021-05-14
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More than half of the Teslas initially reported as Chinese sales — 14,174 — were exported.\nThat's potentially a serious problem for Tesla, which opened its second auto assembly plant in Shanghai in late 2019 specifically to serve the crucial Chinese market. China is the world's largest market for overall car sales, and electric vehicles make up a much bigger share of auto sales than in any other major market — about 4.5% in 2020, more than twice the EV share of the US car market last year.\nTesla's sales to Chinese buyers plunged by more than 60% between March and April, according to independent Chinese EV analyst Zhu Yulong. Newly insured Tesla vehicles fell to just under 12,000 vehicles in April from about 34,500 in March, Yulong reported. Those numbers correspond closely to the CPCA's non-export number in April, and total number in March.\nWhy Tesla sales are plummeting in China\nYulong believes that the drop in sales is due to bad publicity that Tesla has suffered in the Chinese market since the start of April.\nCustomers protested the company at China's largest auto show in Shanghai last month, complaining about problems with their cars. The company also has five Chinese regulatory agencies investigating the quality of its Shanghai-made Model 3 cars. Chinese media also reported that China's military had banned Tesla vehicles from entering its complexes, expressing concerns that onboard cameras could be used for spying — a charge Tesla CEO Elon Musk has denied.\n\"Tesla has suffered really strong negative coverage recently. It has damaged its sales,\" Yulong wrote in a recent analysis.\nTesla critics in the United States were quick to point out that the weaker sales numbers represent a sign of trouble for the automaker's bottom line.\n\"Keep in mind that the negative state-affiliated media campaign inside China around Tesla's car quality didn't begin until late April,\" noted Gordon Johnson of GLJ Research, one of the harshest critics of Tesla. \"So the impact (whatever that may be) likely won't be seen until May/June 2021 sales figures are out.\"\nTumbling shares\nTesla (TSLA) shares have been falling this week on worries about its Chinese sales, and on a report from Reuters earlier that Tesla has decided not to buy land next to its Shanghai plant for possible future expansion.\nShares fell 2% on Tuesday when the initial figures from CPCA suggested a 27% drop in Chinese sales, were down another 4% Wednesday and closed down 3% Thursday.\nA spectacular 743% share price gain in 2020 made Tesla one of the most valuable US companies of any kind and by far the world's most valuable automaker, worth as much as the six largest automakers combined.\nBut after continuing that run in the first few weeks of 2021, shares topped out in late January after the company reported slightly disappointing fourth quarter earnings. Tesla shares have lost a third of their value through Wednesday's close from their record high close in late January, sending the stock into bear market territory.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":196519747,"gmtCreate":1621072586989,"gmtModify":1704352691920,"author":{"id":"3573383537150312","authorId":"3573383537150312","name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573383537150312","authorIdStr":"3573383537150312"},"htmlText":"Tsla to the moon","listText":"Tsla to the moon","text":"Tsla to the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/196519747","repostId":1160917868,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4347519,"gmtCreate":1621205339765,"gmtModify":1680789143286,"authorId":3558125435155143,"author":{"id":3558125435155143,"idStr":"3558125435155143","authorId":3558125435155143,"name":"w00ters","avatar":"https://community-static.tradeup.com/news/4cb16cdf593f9f1166e80b07661fd62a","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.08.27","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":196519747,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"},{"id":196835012,"gmtCreate":1621041167336,"gmtModify":1704352278538,"author":{"id":"3583026016063122","authorId":"3583026016063122","name":"LoveShare","avatar":"https://static.tigerbbs.com/a06c752ab2b2674bc19e6cfea66acc5e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3583026016063122","authorIdStr":"3583026016063122"},"htmlText":"I love Tesla! <a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>","listText":"I love Tesla! <a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>","text":"I love Tesla! $Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/196835012","repostId":1160917868,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":196113325,"gmtCreate":1621035785667,"gmtModify":1704352154630,"author":{"id":"3571627110799155","authorId":"3571627110799155","name":"JJQ","avatar":"https://community-static.tradeup.com/news/56f38f5ea7b683e48c466bc341ca6d33","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":8,"crmLevelSwitch":1,"idStr":"3571627110799155","authorIdStr":"3571627110799155"},"htmlText":"Tesla and NIO!&nbsp;","listText":"Tesla and NIO!&nbsp;","text":"Tesla and NIO!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/196113325","repostId":1160917868,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4339279,"gmtCreate":1621121923952,"gmtModify":1680788994965,"authorId":275819275022896,"author":{"id":275819275022896,"idStr":"275819275022896","authorId":275819275022896,"name":"约翰","avatar":"https://static.tigerbbs.com/ad1bbc78ee49142cbe14dec72f0436a6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":196113325,"type":1,"supId":0,"prevId":0,"content":"Nio is good, but I like Tesla more.","text":"Nio is good, but I like Tesla more.","html":"Nio is good, but I like Tesla more."}],"langContent":"EN"},{"id":196347089,"gmtCreate":1621032036341,"gmtModify":1704352095819,"author":{"id":"3560390730639874","authorId":"3560390730639874","name":"Fatboy79","avatar":"https://static.tigerbbs.com/f550c98b42b2fd97e2989fbf50af5b9b","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3560390730639874","authorIdStr":"3560390730639874"},"htmlText":"Good, short Tesla!","listText":"Good, short Tesla!","text":"Good, short Tesla!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/196347089","repostId":1160917868,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":198744236,"gmtCreate":1620995652325,"gmtModify":1704351681705,"author":{"id":"3582681863367126","authorId":"3582681863367126","name":"WildFoE","avatar":"https://static.tigerbbs.com/67af813b31febdb58805e26e317209f2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582681863367126","authorIdStr":"3582681863367126"},"htmlText":"[Facepalm]&nbsp;","listText":"[Facepalm]&nbsp;","text":"[Facepalm]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198744236","repostId":1160917868,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":198727701,"gmtCreate":1620993604703,"gmtModify":1704351659141,"author":{"id":"3575277705944076","authorId":"3575277705944076","name":"JustStonks","avatar":"https://static.tigerbbs.com/8a85f9246d3c1c5337dd21fec2ec401d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3575277705944076","authorIdStr":"3575277705944076"},"htmlText":"NIO will be the premium car in China. Will definitely take over TSLA market share in China market.","listText":"NIO will be the premium car in China. Will definitely take over TSLA market share in China market.","text":"NIO will be the premium car in China. Will definitely take over TSLA market share in China market.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198727701","repostId":1160917868,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":198727362,"gmtCreate":1620993553756,"gmtModify":1704351656038,"author":{"id":"3576237822910328","authorId":"3576237822910328","name":"fongj","avatar":"https://static.tigerbbs.com/9ce49c725fb9db07e6d4fad9c0dc7eef","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3576237822910328","authorIdStr":"3576237822910328"},"htmlText":"Since Tesla sold less, the rest of the local ev companies would benefit in fulfilling the demands.","listText":"Since Tesla sold less, the rest of the local ev companies would benefit in fulfilling the demands.","text":"Since Tesla sold less, the rest of the local ev companies would benefit in fulfilling the demands.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/198727362","repostId":1160917868,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4336694,"gmtCreate":1621076266411,"gmtModify":1680788946994,"authorId":3576237822910328,"author":{"id":3576237822910328,"idStr":"3576237822910328","authorId":3576237822910328,"name":"fongj","avatar":"https://static.tigerbbs.com/9ce49c725fb9db07e6d4fad9c0dc7eef","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198727362,"type":1,"supId":4326834,"prevId":0,"content":"In the long run.","text":"In the long run.","html":"In the long run."},{"id":4326834,"gmtCreate":1620995734211,"gmtModify":1680788764630,"authorId":3583106134648492,"author":{"id":3583106134648492,"idStr":"3583106134648492","authorId":3583106134648492,"name":"Frosty4ever","avatar":"https://community-static.tradeup.com/news/58fdf90023b13bdabb45b46bb0d645e1","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a 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down?"}],"langContent":"EN"},{"id":198788047,"gmtCreate":1620990893689,"gmtModify":1704351619454,"author":{"id":"3581588311288634","authorId":"3581588311288634","name":"brandonwcj","avatar":"https://static.tigerbbs.com/a122e339b72dc656fb1dd02ceab78968","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581588311288634","authorIdStr":"3581588311288634"},"htmlText":"Not surprising","listText":"Not surprising","text":"Not 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