Like-To The Moon - Tiger Brokers Online Investing Community

2
Comment
Favorite

Suresh999
2021-06-04

Tesla’s China Narrative Swiftly Shifts From Expansion to Exports

Weeks ago, one analyst raised prospect of second local plantCredit Suisse now expects more cars will

Tesla’s China Narrative Swiftly Shifts From Expansion to Exports

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.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":116723960,"tweetId":"116723960","gmtCreate":1622820115950,"gmtModify":1704191933590,"author":{"id":3581644896223732,"authorId":3581644896223732,"authorIdStr":"3581644896223732","name":"Suresh999","avatar":"https://static.tigerbbs.com/b75e0b2611994b10d3585f3fd574711f","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":1,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Like&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Like&nbsp;</p></body></html>","text":"Like","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/116723960","repostId":2140406872,"repostType":4,"repost":{"id":"2140406872","pubTimestamp":1622817100,"share":"https://www.laohu8.com/m/news/2140406872?lang=&edition=full","pubTime":"2021-06-04 22:31","market":"us","language":"en","title":"Tesla’s China Narrative Swiftly Shifts From Expansion to Exports","url":"https://stock-news.laohu8.com/highlight/detail?id=2140406872","media":"Bloomberg","summary":"Weeks ago, one analyst raised prospect of second local plantCredit Suisse now expects more cars will","content":"<ul><li>Weeks ago, one analyst raised prospect of second local plant</li><li>Credit Suisse now expects more cars will be shipped to Europe</li></ul><p>In April, one Tesla Inc. analyst speculated after its blowout first quarter of vehicle deliveries that the company might build a second car plant in China. Just six weeks later, the view is far less effusive.</p><p>Months of local media attention on the safety of Tesla’s vehicles and the company’s data gathering and storage practices have raised concerns about demand. After the tech website The Information reported that net orders fell nearly by half last month, a Credit Suisse analyst said the carmaker may end up exporting more cars from China to Europe.</p><p>If that shift plays out, it will mark a swift reversal of fortunes for Tesla. Days after a customer protested the company from atop the roof a Model 3 during the Shanghai auto show, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>’s Adam Jonas acknowledged that investors were dialing back their enthusiasm about the company’s China prospects. Still, he predicted Tesla would keep growing its manufacturing presence.</p><p>“We expect to see the narrative around Tesla for the remainder of the year to be one word -- EXPANSION,” Jonas wrote in an April 22 report. He referred to the possibility the company would go beyond constructing new plants in Texas and near Berlin and could build another factory in China.</p><p><img src=\"https://static.tigerbbs.com/33c4f0e091baf8d0238c4fc8c3c75bce\" tg-width=\"952\" tg-height=\"543\" referrerpolicy=\"no-referrer\"></p><p>Tesla hasn’t commented on The Information’s report, which cited an unidentified person familiar with internal data. China’s Passenger Car Association will release information next week about sales for May.</p><p>The group said last month that Tesla’s sales of locally made vehicles dropped more than a quarter in April from March. Of the 25,845 vehicles sold, more than half were exported.</p><p>“We did see a drop in sales,” said Steve Man, a Bloomberg Intelligence analyst. “Increasing exports will definitely be a good offset strategy if China’s order growth remains weak, as Tesla’s German factory is still in delay while production costs are lower in China versus the U.S.”</p><p>Tesla shares rose as much as 4% before the start of regular trading Friday after plunging 5.3% on Thursday. The stock has dropped 35% from its peak in late January.</p>","source":"lsy1584095487587","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’s China Narrative Swiftly Shifts From Expansion to Exports</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’s China Narrative Swiftly Shifts From Expansion to Exports\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 22:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-04/tesla-s-china-narrative-swiftly-shifts-from-expansion-to-exports?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Weeks ago, one analyst raised prospect of second local plantCredit Suisse now expects more cars will be shipped to EuropeIn April, one Tesla Inc. analyst speculated after its blowout first quarter of ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-04/tesla-s-china-narrative-swiftly-shifts-from-expansion-to-exports?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-04/tesla-s-china-narrative-swiftly-shifts-from-expansion-to-exports?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140406872","content_text":"Weeks ago, one analyst raised prospect of second local plantCredit Suisse now expects more cars will be shipped to EuropeIn April, one Tesla Inc. analyst speculated after its blowout first quarter of vehicle deliveries that the company might build a second car plant in China. Just six weeks later, the view is far less effusive.Months of local media attention on the safety of Tesla’s vehicles and the company’s data gathering and storage practices have raised concerns about demand. After the tech website The Information reported that net orders fell nearly by half last month, a Credit Suisse analyst said the carmaker may end up exporting more cars from China to Europe.If that shift plays out, it will mark a swift reversal of fortunes for Tesla. Days after a customer protested the company from atop the roof a Model 3 during the Shanghai auto show, Morgan Stanley’s Adam Jonas acknowledged that investors were dialing back their enthusiasm about the company’s China prospects. Still, he predicted Tesla would keep growing its manufacturing presence.“We expect to see the narrative around Tesla for the remainder of the year to be one word -- EXPANSION,” Jonas wrote in an April 22 report. He referred to the possibility the company would go beyond constructing new plants in Texas and near Berlin and could build another factory in China.Tesla hasn’t commented on The Information’s report, which cited an unidentified person familiar with internal data. China’s Passenger Car Association will release information next week about sales for May.The group said last month that Tesla’s sales of locally made vehicles dropped more than a quarter in April from March. Of the 25,845 vehicles sold, more than half were exported.“We did see a drop in sales,” said Steve Man, a Bloomberg Intelligence analyst. “Increasing exports will definitely be a good offset strategy if China’s order growth remains weak, as Tesla’s German factory is still in delay while production costs are lower in China versus the U.S.”Tesla shares rose as much as 4% before the start of regular trading Friday after plunging 5.3% on Thursday. The stock has dropped 35% from its peak in late January.","news_type":1},"isVote":1,"tweetType":1,"viewCount":333,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}