Tesla April China Sales Hit Rock Bottom, Underperform Industry

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Tesla April China Sales Hit Rock Bottom, Underperform Industry

benzinga2022-05-10

Tesla, Inc.'s TSLA China sales plummeted in April, and the magnitude of underperformance would have disappointed even the most pessimistic of forecasts. Expectations were muted, going into the data ...

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mark01bravz
·2022-05-11
Tesla Giga Shanghai again showed excellent results, even taking into account the negative impact on its work due to COVID-19. After a three-week shutdown in April, the manufacturer was able to quickly restore production with a limited number of employees and produced 10,757 vehicles.For Tesla in China, April has certainly been a very difficult month. Another wave of COVID-19 cases that hit big cities forced the closure of all manufacturing plants in industrial areas. Shanghai, where the Tesla factory is located, has become one of those cities that have taken the most stringent measures. Giga Shanghai has been closed for three weeks since March 28. Thus, one-third of April, the Tesla factory was completely shut down, which is an extremely negative development for any manufacturer.After a sl
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Ahrul
·2022-05-11
great read
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limnorth
·2022-05-11
interesting to see May and June. Will Giga Shanghai catch up?
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Lavender00
·2022-05-11
天時地利人和都不給力
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AndrewL
·2022-05-10
Ok
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Aoyjai
·2022-05-10
Tesla's turn to plunge into Darkness?
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rachellll
·2022-05-10
A
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rachellll
·2022-05-10
A
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Benjean
·2022-05-10
This is short term crash due to lockdown
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Shawrac
·2022-05-10
Hmmm, we need some energy here!
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Agneschl
·2022-05-10
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Ken1911
·2022-05-10
read
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LenaNg
·2022-05-10
[Sad]
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Taishu1234
·2022-05-10
hi
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生肉麵加豬油渣
·2022-05-10
haiz
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- ATJS:
  [Sad]
  2022-05-10
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DIckson
·2022-05-10
There is an lockdown in Shanghai...
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hakunaurtata
·2022-05-10
$Tesla Motors(TSLA)$YES THE FUD IS HEREEE! SELL ALL YOUR SHARES... TO ME!
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Echowhiskey
·2022-05-10
Sales hit rock bottom and recall so many car but still in green[Surprised]
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FattAgain69
·2022-05-10
Now I know which BYD stock code to invest in.
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Andrew cub
·2022-05-10
Slow n steady wins the game
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Expectations were muted, going into the data ...</p>\n\n<a href=\"https://www.benzinga.com/markets/asia/22/05/27099926/tesla-april-china-sales-hit-rock-bottom-amid-lockdowns-and-supply-challenges-underperforms-industry\">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.benzinga.com/markets/asia/22/05/27099926/tesla-april-china-sales-hit-rock-bottom-amid-lockdowns-and-supply-challenges-underperforms-industry","article_id":"1198722454","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1198722454","pubTimestamp":1652177135,"sourceInfo":{"source_id":"lsy1606299360108","name":"Benzinga"},"weMediaInfo":null,"summary":"Tesla, Inc.'s TSLA China sales plummeted in April, and the magnitude of underperformance would have disappointed even the most pessimistic of forecasts. 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Expectations were muted, going into the data release, given the extended shutdown of the Giga Shangai during the month to fall in line with the COVID-19 restrictions in place.What Happened: Tesla's Giga Shanghai produced 10,757 vehicles in April and sold 1,512 vehicles domestically, Reuters reported, citing data from the China Passenger Car Association.The company did not export any vehicles during the month, going against the norms of focusing on exports in the first half of the quarter.In March, Tesla delivered 65,814 Giga-Shanghai-made cars, out of which 60 units were exported and the remaining 65,754 vehicles were sold in China. The strong numbers came despite a 2-day disruption in the middle of the month and another toward the end of the month.The year-over-year comparison also shows a decline from the 40,019 units sold in April 2021, comprising domestic sales of 25,845 units and exports of 14,174 units.Tesla's dismal showing in April is in contrast to the fairly strong performance of the industry. CPCA data showed that retail sales of new energy vehicles, a term used for denoting both battery EVs and plug-in hybrids, increased 78.4% year-over-year in China in April. EV sales climbed 63.3%.Why It's Important: Tesla's production was disrupted for about three weeks in April due to the COVID-19 lockdowns that forced shuttering of its Giga Shanghai plant. EV makers also faced component shortages amid the intensification of geopolitical tensions.But this did not deter Warren Buffett-backed BYD Company Limited BYDDF from reporting a strong April performance. The company produced and sold 57,593 and 57,403 EVs, respectively in April.Other EV startups such as Nio, Inc. NIO, XPeng, Inc. XPEV and Li Auto, Inc. LI did see a pullback, but delivered 5,074, 9,002, and 4,167 units, respectively, for the month.In premarket trading, Tuesday, Tesla stock was seen rising 2.58% to $807.42.","kind":null,"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":9064908541,"gmtCreate":1652259560683,"gmtModify":1676535063722,"author":{"id":"3568769977321272","authorId":"3568769977321272","name":"mark01bravz","avatar":"https://static.tigerbbs.com/a5b7674da5bdda08c302399c7d276a6c","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3568769977321272","authorIdStr":"3568769977321272"},"htmlText":"Tesla Giga Shanghai again showed excellent results, even taking into account the negative impact on its work due to COVID-19. After a three-week shutdown in April, the manufacturer was able to quickly restore production with a limited number of employees and produced 10,757 vehicles.For Tesla in China, April has certainly been a very difficult month. Another wave of COVID-19 cases that hit big cities forced the closure of all manufacturing plants in industrial areas. Shanghai, where the Tesla factory is located, has become one of those cities that have taken the most stringent measures. Giga Shanghai has been closed for three weeks since March 28. Thus, one-third of April, the Tesla factory was completely shut down, which is an extremely negative development for any manufacturer.After a sl","listText":"Tesla Giga Shanghai again showed excellent results, even taking into account the negative impact on its work due to COVID-19. After a three-week shutdown in April, the manufacturer was able to quickly restore production with a limited number of employees and produced 10,757 vehicles.For Tesla in China, April has certainly been a very difficult month. Another wave of COVID-19 cases that hit big cities forced the closure of all manufacturing plants in industrial areas. Shanghai, where the Tesla factory is located, has become one of those cities that have taken the most stringent measures. Giga Shanghai has been closed for three weeks since March 28. Thus, one-third of April, the Tesla factory was completely shut down, which is an extremely negative development for any manufacturer.After a sl","text":"Tesla Giga Shanghai again showed excellent results, even taking into account the negative impact on its work due to COVID-19. After a three-week shutdown in April, the manufacturer was able to quickly restore production with a limited number of employees and produced 10,757 vehicles.For Tesla in China, April has certainly been a very difficult month. Another wave of COVID-19 cases that hit big cities forced the closure of all manufacturing plants in industrial areas. Shanghai, where the Tesla factory is located, has become one of those cities that have taken the most stringent measures. Giga Shanghai has been closed for three weeks since March 28. Thus, one-third of April, the Tesla factory was completely shut down, which is an extremely negative development for any manufacturer.After a sl","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":16,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9064908541","repostId":1198722454,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9065468852,"gmtCreate":1652228517776,"gmtModify":1676535056221,"author":{"id":"4113991944777072","authorId":"4113991944777072","name":"Ahrul","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4113991944777072","authorIdStr":"4113991944777072"},"htmlText":"great read","listText":"great read","text":"great read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065468852","repostId":1198722454,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9065546497,"gmtCreate":1652225343219,"gmtModify":1676535054481,"author":{"id":"4103245832785800","authorId":"4103245832785800","name":"limnorth","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4103245832785800","authorIdStr":"4103245832785800"},"htmlText":"interesting to see May and June. Will Giga Shanghai catch up?","listText":"interesting to see May and June. Will Giga Shanghai catch up?","text":"interesting to see May and June. Will Giga Shanghai catch up?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065546497","repostId":1198722454,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9065526308,"gmtCreate":1652224567504,"gmtModify":1676535053940,"author":{"id":"3575693458669579","authorId":"3575693458669579","name":"Lavender00","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575693458669579","authorIdStr":"3575693458669579"},"htmlText":"天時地利人和都不給力","listText":"天時地利人和都不給力","text":"天時地利人和都不給力","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065526308","repostId":1198722454,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":9065660369,"gmtCreate":1652188421151,"gmtModify":1676535048003,"author":{"id":"3571815908504020","authorId":"3571815908504020","name":"AndrewL","avatar":"https://static.tigerbbs.com/f45655eaaab14f0b61c554eea4d95ca7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571815908504020","authorIdStr":"3571815908504020"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065660369","repostId":1198722454,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9065611901,"gmtCreate":1652185967203,"gmtModify":1676535047586,"author":{"id":"3578371382142637","authorId":"3578371382142637","name":"Aoyjai","avatar":"https://static.tigerbbs.com/9dcf5c34602d2433f3133ca6c6fece6a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578371382142637","authorIdStr":"3578371382142637"},"htmlText":"Tesla's turn to plunge into Darkness?","listText":"Tesla's turn to plunge into Darkness?","text":"Tesla's turn to plunge into Darkness?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065611901","repostId":1198722454,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9065610093,"gmtCreate":1652185594012,"gmtModify":1676535047444,"author":{"id":"3586435391928672","authorId":"3586435391928672","name":"rachellll","avatar":"https://static.tigerbbs.com/7855a29f75174783f11b5102e8a7c8ba","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586435391928672","authorIdStr":"3586435391928672"},"htmlText":"A","listText":"A","text":"A","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065610093","repostId":1198722454,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9065637744,"gmtCreate":1652185588088,"gmtModify":1676535047444,"author":{"id":"3586435391928672","authorId":"3586435391928672","name":"rachellll","avatar":"https://static.tigerbbs.com/7855a29f75174783f11b5102e8a7c8ba","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586435391928672","authorIdStr":"3586435391928672"},"htmlText":"A","listText":"A","text":"A","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065637744","repostId":1198722454,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9065638161,"gmtCreate":1652184882953,"gmtModify":1676535047327,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"htmlText":"This is short term crash due to lockdown","listText":"This is short term crash due to lockdown","text":"This is short term crash due to lockdown","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065638161","repostId":1198722454,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":612328527,"gmtCreate":1652184272469,"gmtModify":1676533085406,"author":{"id":"4096363831830380","authorId":"4096363831830380","name":"Shawrac","avatar":"https://community-static.tradeup.com/news/4b57d6b0577b4a1a6c2ad29fb9cfe92f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4096363831830380","authorIdStr":"4096363831830380"},"htmlText":"Hmmm, we need some energy here!","listText":"Hmmm, we need some energy here!","text":"Hmmm, we need some energy 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