Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix

176
63
Favorite

Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix

Bloomberg2021-06-28

(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

176

Report

Comment（63）

cheffun
·2021-06-28
Yes
Reply
Like
Report
RonnieSG
·2021-06-28
This is not a SAFETY FIX. It’s a Software Upgrade to prevent errors by users. Do not be so negative
Reply
2
Report
CZZZ
·2021-06-28
This is very good news!!
Reply
Like
Report
Fold Replies
- Ag1718:
  ?
  2021-06-29
  Reply
  Report
KKSV
·2021-06-28
They try to find faults n bring down share price ?
Reply
2
Report
Fold Replies
- KKSV:
  ??
  2021-07-18
  Reply
  Report
- CZZZ:
  Thanks
  2021-06-28
  Reply
  Report
Huiii
·2021-06-28
….
Reply
Like
Report
beebeebee
·2021-06-28
Small issue for nowaday automaker company.
Reply
Like
Report
Tecky
·2021-06-28
Haha
Reply
Like
Report
nananan
·2021-06-28
Misleading news from yahoo...smh...There is no recall. Its a simple over the air update.
Reply
Like
Report
Benkrupt
·2021-06-28
Another rough week ahead !
Reply
Like
Report
dt1
·2021-06-28
[呆住]
Reply
1
Report
Unicorn82
·2021-06-28
Stock to go up or down?
Reply
1
Report
Dinesh27
·2021-06-28
Tough competition
Reply
2
Report
Tazjonz
·2021-06-28
Oh noo.. hopefully it recover
Reply
9
Report
Fold Replies
- Maxcrusader:
  Hope so too!!
  2021-06-28
  Reply
  Report
- Tigeddy:
  Like and comment if you are a Tesla fan?
  2021-06-28
  Reply
  Report
- Tazjonz:
  Like and comments
  2021-06-28
  Reply
  Report
View more 1 comments
Zhiyan
·2021-06-28
?
Reply
2
Report
Gaik11
·2021-06-28
Okay thanks
Reply
2
Report
Fold Replies
- Gaik11:
  Okay
  2021-06-28
  Reply
  Report
All in Tesla
·2021-06-28
Another FUD news. It’s common for automakers to recall to resolve small problems. No big deal
Reply
1
Report
Fold Replies
- nananan:
  not even a recall, just a over the air update
  2021-06-28
  Reply
  Report
robot1234
·2021-06-28
Temporary setback
Reply
2
Report
Sjyong
·2021-06-28
tsla drop again? :(
Reply
5
Report
Jkan
·2021-06-28
Here we go again gg tank this week
Reply
3
Report
Fold Replies
- Nariousac:
  Like and comment
  2021-06-28
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2146000147?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-28 09:00","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2146000147","market":"us","top_or_hot":-1,"title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">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://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","article_id":"2146000147","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","pubTimestamp":1624842000,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉","CAAS":"中汽系统"},"translate_title":"特斯拉受到了很大的打击，因为中国几乎所有的汽车都需要安全修复","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAAS":0.9,"TSLA":0.9},"content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","kind":null,"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":150060853,"gmtCreate":1624875941172,"gmtModify":1703846778712,"author":{"id":"3580191066548921","authorId":"3580191066548921","authorIdStr":"3580191066548921","name":"cheffun","avatar":"https://static.tigerbbs.com/cb0e87ae08a9b655394a52fdf5baa187","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3580191066548921"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150060853","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":127415618,"gmtCreate":1624862893734,"gmtModify":1703846471624,"author":{"id":"3567295126071659","authorId":"3567295126071659","authorIdStr":"3567295126071659","name":"RonnieSG","avatar":"https://static.tigerbbs.com/20c3815bb0969cd4ea7a26f56e53df31","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3567295126071659"},"htmlText":"This is not a SAFETY FIX. It’s a Software Upgrade to prevent errors by users. Do not be so negative","listText":"This is not a SAFETY FIX. It’s a Software Upgrade to prevent errors by users. Do not be so negative","text":"This is not a SAFETY FIX. It’s a Software Upgrade to prevent errors by users. Do not be so negative","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127415618","repostId":2146000147,"repostType":2,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":127527663,"gmtCreate":1624858079652,"gmtModify":1703846373096,"author":{"id":"3557771988371061","authorId":"3557771988371061","authorIdStr":"3557771988371061","name":"CZZZ","avatar":"https://static.tigerbbs.com/82ceb88cfbcdec3fd58e2b516b00eaa5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3557771988371061"},"htmlText":"This is very good news!!","listText":"This is very good news!!","text":"This is very good news!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/127527663","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5059131,"gmtCreate":1624921695855,"gmtModify":1663230226844,"authorId":3582350348015234,"author":{"id":3582350348015234,"authorId":3582350348015234,"name":"Ag1718","avatar":"https://community-static.tradeup.com/news/7b99db6dd9dd4eaa84bd8baf04aad0b9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127527663,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":127567416,"gmtCreate":1624857505135,"gmtModify":1703846360604,"author":{"id":"3577785816786397","authorId":"3577785816786397","authorIdStr":"3577785816786397","name":"KKSV","avatar":"https://static.tigerbbs.com/af79ae4e2c2eee7b0446d54673c5439e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3577785816786397"},"htmlText":"They try to find faults n bring down share price ?","listText":"They try to find faults n bring down share price ?","text":"They try to find faults n bring down share price ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/127567416","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5254964,"gmtCreate":1626616156625,"gmtModify":1663231131536,"authorId":3577785816786397,"author":{"id":3577785816786397,"authorId":3577785816786397,"name":"KKSV","avatar":"https://static.tigerbbs.com/af79ae4e2c2eee7b0446d54673c5439e","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127567416,"type":1,"supId":5048905,"prevId":0,"content":"??","text":"??","html":"??"},{"id":5048905,"gmtCreate":1624858050777,"gmtModify":1663230179446,"authorId":3557771988371061,"author":{"id":3557771988371061,"authorId":3557771988371061,"name":"CZZZ","avatar":"https://static.tigerbbs.com/82ceb88cfbcdec3fd58e2b516b00eaa5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127567416,"type":1,"supId":0,"prevId":0,"content":"Thanks","text":"Thanks","html":"Thanks"}],"langContent":"EN"},{"id":127567252,"gmtCreate":1624857490976,"gmtModify":1703846358465,"author":{"id":"3581108659682342","authorId":"3581108659682342","authorIdStr":"3581108659682342","name":"Huiii","avatar":"https://static.tigerbbs.com/0188eb701ed1407ecf525cd8e529f889","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581108659682342"},"htmlText":"….","listText":"….","text":"….","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127567252","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":127504054,"gmtCreate":1624854504278,"gmtModify":1703846284558,"author":{"id":"3581893316433682","authorId":"3581893316433682","authorIdStr":"3581893316433682","name":"beebeebee","avatar":"https://static.tigerbbs.com/fe69fe5e94365b66ede131343e35a17a","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3581893316433682"},"htmlText":"Small issue for nowaday automaker company.&nbsp;&nbsp;","listText":"Small issue for nowaday automaker company.&nbsp;&nbsp;","text":"Small issue for nowaday automaker company.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127504054","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":127205535,"gmtCreate":1624849174927,"gmtModify":1703846138691,"author":{"id":"3578609589691468","authorId":"3578609589691468","authorIdStr":"3578609589691468","name":"Tecky","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3578609589691468"},"htmlText":"Haha","listText":"Haha","text":"Haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127205535","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":127676136,"gmtCreate":1624848506625,"gmtModify":1703846120025,"author":{"id":"3555214777256239","authorId":"3555214777256239","authorIdStr":"3555214777256239","name":"nananan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3555214777256239"},"htmlText":"Misleading news from yahoo...smh...There is no recall. Its a simple over the air update.","listText":"Misleading news from yahoo...smh...There is no recall. Its a simple over the air update.","text":"Misleading news from yahoo...smh...There is no recall. Its a simple over the air update.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127676136","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":127671589,"gmtCreate":1624848386341,"gmtModify":1703846118384,"author":{"id":"3581494539071297","authorId":"3581494539071297","authorIdStr":"3581494539071297","name":"Benkrupt","avatar":"https://static.tigerbbs.com/ecc5f7c4203ce3649c15d43f04544925","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581494539071297"},"htmlText":"Another rough week ahead !","listText":"Another rough week ahead !","text":"Another rough week ahead !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127671589","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":127627492,"gmtCreate":1624847228316,"gmtModify":1703846082751,"author":{"id":"3577530901336464","authorId":"3577530901336464","authorIdStr":"3577530901336464","name":"dt1","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3577530901336464"},"htmlText":"[呆住]&nbsp;","listText":"[呆住]&nbsp;","text":"[呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127627492","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":127664532,"gmtCreate":1624846706226,"gmtModify":1703846067816,"author":{"id":"3575238340277690","authorId":"3575238340277690","authorIdStr":"3575238340277690","name":"Unicorn82","avatar":"https://static.tigerbbs.com/bdb8d97fb98bd68d1bf5ab48f6170acb","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575238340277690"},"htmlText":"Stock to go up or down?","listText":"Stock to go up or down?","text":"Stock to go up or down?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127664532","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":127669709,"gmtCreate":1624846426101,"gmtModify":1703846058419,"author":{"id":"3557040767939621","authorId":"3557040767939621","authorIdStr":"3557040767939621","name":"Dinesh27","avatar":"https://static.tigerbbs.com/01dd12a5a0a5ed6a1d858724f8f07d38","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3557040767939621"},"htmlText":"Tough competition&nbsp;","listText":"Tough competition&nbsp;","text":"Tough competition","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127669709","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":127681022,"gmtCreate":1624846138466,"gmtModify":1703846045084,"author":{"id":"3578567927092479","authorId":"3578567927092479","authorIdStr":"3578567927092479","name":"Tazjonz","avatar":"https://static.tigerbbs.com/f84e5692e6809277d605d8442cdc7efa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578567927092479"},"htmlText":"Oh noo.. hopefully it recover&nbsp;","listText":"Oh noo.. hopefully it recover&nbsp;","text":"Oh noo.. hopefully it recover","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/127681022","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5047105,"gmtCreate":1624849370854,"gmtModify":1663230170048,"authorId":3571183830721507,"author":{"id":3571183830721507,"authorId":3571183830721507,"name":"Maxcrusader","avatar":"https://static.tigerbbs.com/a9dbd1695d1a45df589a4ba606e045e1","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.09.13","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127681022,"type":1,"supId":0,"prevId":0,"content":"Hope so too!!","text":"Hope so too!!","html":"Hope so too!!"},{"id":5046794,"gmtCreate":1624847530768,"gmtModify":1663230168234,"authorId":3573351437999900,"author":{"id":3573351437999900,"authorId":3573351437999900,"name":"Tigeddy","avatar":"https://static.tigerbbs.com/09b8023e5c898ff6b0221d102322ca59","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"60.24%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127681022,"type":1,"supId":0,"prevId":0,"content":"Like and comment if you are a Tesla fan?","text":"Like and comment if you are a Tesla fan?","html":"Like and comment if you are a Tesla fan?"},{"id":5046439,"gmtCreate":1624846147831,"gmtModify":1663230164756,"authorId":3578567927092479,"author":{"id":3578567927092479,"authorId":3578567927092479,"name":"Tazjonz","avatar":"https://static.tigerbbs.com/f84e5692e6809277d605d8442cdc7efa","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.07","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127681022,"type":1,"supId":0,"prevId":0,"content":"Like and comments ","text":"Like and comments ","html":"Like and comments "},{"id":5047120,"gmtCreate":1624849438659,"gmtModify":1635243582412,"authorId":3579417277704833,"author":{"id":3579417277704833,"authorId":3579417277704833,"name":"xj7078","avatar":"https://static.tigerbbs.com/e9f2043d412bf30d87ca01bb92efc410","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127681022,"type":1,"supId":5047105,"prevId":0,"content":"✌️","text":"✌️","html":"✌️"}],"langContent":"EN"},{"id":127683022,"gmtCreate":1624846101466,"gmtModify":1703846044429,"author":{"id":"3571891519502188","authorId":"3571891519502188","authorIdStr":"3571891519502188","name":"Zhiyan","avatar":"https://static.tigerbbs.com/74939bb894d7b4f22121302c02c2c7b8","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3571891519502188"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127683022","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":127615159,"gmtCreate":1624845958971,"gmtModify":1703846037825,"author":{"id":"3578020712938440","authorId":"3578020712938440","authorIdStr":"3578020712938440","name":"Gaik11","avatar":"https://community-static.tradeup.com/news/a0fd75ec6b06214ed80c93a51cd113db","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"idStr":"3578020712938440"},"htmlText":"Okay thanks","listText":"Okay thanks","text":"Okay thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/127615159","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5046380,"gmtCreate":1624845968101,"gmtModify":1663230166439,"authorId":3578020712938440,"author":{"id":3578020712938440,"authorId":3578020712938440,"name":"Gaik11","avatar":"https://community-static.tradeup.com/news/a0fd75ec6b06214ed80c93a51cd113db","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127615159,"type":1,"supId":0,"prevId":0,"content":"Okay","text":"Okay","html":"Okay"}],"langContent":"EN"},{"id":127612784,"gmtCreate":1624845956948,"gmtModify":1703846037497,"author":{"id":"3577580366301047","authorId":"3577580366301047","authorIdStr":"3577580366301047","name":"All in Tesla","avatar":"https://community-static.tradeup.com/news/8db11f6e6a9a2a52850e734188850dc2","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3577580366301047"},"htmlText":"Another FUD news. It’s common for automakers to recall to resolve small problems. No big deal","listText":"Another FUD news. It’s common for automakers to recall to resolve small problems. No big deal","text":"Another FUD news. It’s common for automakers to recall to resolve small problems. No big deal","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/127612784","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5046967,"gmtCreate":1624848546491,"gmtModify":1663230171841,"authorId":3555214777256239,"author":{"id":3555214777256239,"authorId":3555214777256239,"name":"nananan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127612784,"type":1,"supId":0,"prevId":0,"content":"not even a recall, just a over the air update","text":"not even a recall, just a over the air update","html":"not even a recall, just a over the air update"}],"langContent":"EN"},{"id":127618265,"gmtCreate":1624845891657,"gmtModify":1703846034024,"author":{"id":"3561596430587504","authorId":"3561596430587504","authorIdStr":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1,"idStr":"3561596430587504"},"htmlText":"Temporary setback","listText":"Temporary setback","text":"Temporary setback","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127618265","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":127634200,"gmtCreate":1624845770000,"gmtModify":1703846024811,"author":{"id":"3581808910022149","authorId":"3581808910022149","authorIdStr":"3581808910022149","name":"Sjyong","avatar":"https://static.tigerbbs.com/9bd5539050cfed73fb6146ef369bd0d5","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3581808910022149"},"htmlText":"tsla drop again? :(","listText":"tsla drop again? :(","text":"tsla drop again? :(","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127634200","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":127632735,"gmtCreate":1624845726227,"gmtModify":1703846022175,"author":{"id":"3574381604982902","authorId":"3574381604982902","authorIdStr":"3574381604982902","name":"Jkan","avatar":"https://static.tigerbbs.com/9e5803c697580c21a815764131d05679","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574381604982902"},"htmlText":"Here we go again gg tank this week","listText":"Here we go again gg tank this week","text":"Here we go again gg tank this week","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/127632735","repostId":2146000147,"repostType":4,"repost":{"id":"2146000147","pubTimestamp":1624842000,"share":"https://ttm.financial/m/news/2146000147?lang=&edition=fundamental","pubTime":"2021-06-28 09:00","market":"us","language":"en","title":"Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000147","media":"Bloomberg","summary":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the ","content":"<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.</p>\n<p>The State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>The Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.</p>\n<p>While Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.</p>\n<p>In March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.</p>\n<p>That the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.</p>\n<p>Chief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.</p>\n<p>Credit Suisse Group AG said in a note last week that <a href=\"https://laohu8.com/S/AONE.U\">one</a> key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.</p>\n<p>Tesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.</p>\n<p>Foreign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.</p>\n<p>Sales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.</p>\n<p>“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Dealt Big Blow as Almost All Cars in China Need Safety Fix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/tesla-dealt-big-blow-almost-210000618.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146000147","content_text":"(Bloomberg) -- Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation -- more than 285,000 of them -- be fixed to address a safety issue.\nThe State Administration for Market Regulation said in a statement on Saturday that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The California-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one.\nThe Chinese agency said the vehicles’ autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature. Tesla will upgrade the software for free.\nWhile Tesla apologized via its official customer support account on Weibo, saying that it will “continue to improve safety in strict accordance with national requirements,” the recall tops a string of embarrassing setbacks for the company in China. A protest that went viral at the Shanghai auto show in mid-April and a spate of crashes has soured public opinion toward the EV pioneer and a few local governments and official institutions are reviewing Tesla ownership among their staff, citing concerns the cars pose security risks.\nIn March, Teslas were banned from some military complexes and housing compounds because of worries about the of of in-built cameras. Tesla immediately moved to reassure authorities, saying any data collected in China is stored locally.\nThat the required software fix impacts Tesla’s Model Y is especially unfortunate. The SUV crossover, which has a driving range of up to 594 kilometers (369 miles), was seen as enabling Tesla to target a much bigger customer base in the world’s biggest market for EVs and cars overall.\nChief Executive Officer Elon Musk has said the Model Y has the potential to outsell all other vehicles it makes and just this month, China’s Passenger Car Association forecast increased interest in larger, roomier cars, particularly in the seven-seater category, as government rules allow parents to have more children.\nCredit Suisse Group AG said in a note last week that one key downside risk to its $800 price target for Tesla stock is Model Y difficulties and a lack of demand in international markets. Tesla’s Nasdaq-traded shares closed Friday at $671.87 and are down about 5% since January. They soared 743% last year.\nTesla’s delivery times at some locations in China “have declined from 39 to 33 days -- potentially an indication of fewer orders converting to sales,” Credit Suisse analyst Dan Levy wrote. However, while some customers have switched brands due to recent negative headlines, “there are still ample Model Y orders to support continued sales volume,” Levy said.\nForeign brands accounted for about 37% of new-energy vehicle sales in China last year and 57% year-to-date. The nation is Tesla’s second most-important market after the U.S. and it’s now exporting China-made cars to Europe from its Shanghai Gigafactory. But a handful of fast-growing, homegrown upstarts threaten its strong position, particularly Nio Inc. and Xpeng Inc. In the mass market, local buyers are being won over by cheap, functional electric cars made by SAIC-GM-Wuling Automobile Co.\nSales of China-made Model Ys, which start from around $53,000, more than doubled in May from April. April’s figures were down on March because some production lines at Tesla’s Shanghai factory were suspended for two weeks for maintenance and adjustment.\n“Once the Model Y gets to full production, we’ll probably see a ratio of almost a 2-to-1” versus the Model 3 sedan, Tu Le, the managing director of Beijing-based consultancy Sino Auto Insights said earlier this month. “Chinese consumers love SUVs and crossovers. I think the Model Y is going to do really well toward the end of this year.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5046315,"gmtCreate":1624845822847,"gmtModify":1635243667629,"authorId":3582406959722542,"author":{"id":3582406959722542,"authorId":3582406959722542,"name":"Nariousac","avatar":"https://static.tigerbbs.com/1de181f779c0ea955a2e4f914fc3c6db","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":127632735,"type":1,"supId":0,"prevId":0,"content":"Like and comment","text":"Like and comment","html":"Like and comment"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":176,"commentSize":63,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}