Business & Finance

The Tesla sales crisis has spread across China as the amount of Gigashan Gai plant in April shrinks for seven months.



  • Wholesale cars shipments from Tesla’s China factory fell 6% in the previous AprilThis marks a decline of seven consecutive times compared to the previous year. Nearly 58,500 cars sold both domestically and internationally are the lowest overall number since 2022, and after Covid’s Omicron tensions, factories struggled to operate at full pace amidst the city-wide lockdown.

Tesla seems reluctant to develop new EV models that can expand its brand into new segments of the global automotive market, including compact cars.

China’s Passenger Automobile Association (CPCA) reported on Wednesday figure This led Tesla to ship 58,459 Model 3 sedans and Model Y crossovers from its Gigashan Gai factory last month.

This is 6% lessPrevious Aprilwith the same number of business days, and this is a decline for the seventh consecutive year compared to the previous year. It is also the lowest overall number since 2022, since the factory struggled to operate at a full pace. City-wide lockdown Following the Covid outbreak Omicron distortion.

As a result, Tesla’s Shanghai business has slid fourth in the domestic ranking of the largest manufacturers of EVs and plug-in hybrids, or in the Chinese term “new energy vehicles.” Market Leader byd.

“Since competition has increased, Tesla’s hopes for a sustained rebound in China have declined,” says Eric Han, senior manager of Shanghai advisory firm Suolei.I saidSouth China Morning Post. “Its Chinese rivals have lent banks to new models and aggressive pricing strategies, attracting more consumers.”

Demand for Tesla EVs is falling fast, especially in Europe

Tesla is never the only Western company facing difficulties in China’s cruelly competitive NEV car market, and is currently Completely dominated by local brands. But it’s the only value worth more than the next 10 biggest automakers combined.

Usually, the first month of a quarter sees Shanghai situated anywhere from a third to half of its volume for export. The continuous decline indicates a wider decline in Tesla’s demand, as wholesale numbers include cars made in both domestic and foreign markets, such as Australia.

The CPCA still did not provide accurate splits. This comes later that month, but weekly insurance figures from China show domestic Tesla sales have been 15% lower in the quarter to date.

This is on recent data showing that demand for his car across Europe has crashed by 37% First quarter and It continued to fall sharply April.

Musk puts all eggs in two baskets – cybercab and Optimus

This may be criticizedModel and ChanoverNewer versions allow you to slow the assembly line as the kink resolves. Executives said in Tesla’s first quarter revenue call later last month that all four factories could produce new Model Y at the same pace as the old ones.

It suggests that the deeper problem is that masks have failed to invest in new cars. He does not need to copy the car makers instead by developing different models in different segments. Nokia We offer flip phones in a variety of sizes. Instead, you just need Tesla One or two killer products It controls the market: for Musk it’s cybercab Robotaxi and Optimus robot.

It is believed that Tesla is preparing a new, low-cost automatic version to boost demand in China until the duo can launch. Local media coverage. Other unconfirmed speculations focus on the possibility that Tesla is preparing the so-called Mini and Maxi versions of Y, the latter capable of offering seven seats to accommodate parents, grandparents and children.

Fork on the road for a rating to distract Tesla

In any case, Tesla’s ratings seem to be at a fork on the road to rent a favourite musk’s phiol.

Investors are currently willing to pay more than 100 times more than their revenues for next year, based on consensus estimates. It usually indicates that the company is ready for explosive growth. This characterization multiple is based on the belief that Mask’s high stakes bet on “real world AI,” robotics, and autonomous ridehale fleets.

The Bears claim that sales figures for EVs like China and Europe prove that he has severly ignored his core car business and destroyed his company’s brand. They doubt that his AI efforts can justify the valuations that the other epic seven stocks can dream of.

The Bulls, which the company believes is worth more than its current market value of $900 billion, pays little attention to the EV business. The car is equivalent to a Tesla iPod. apple I started my iPhone.

AI and Robotics now represent the Linchpin of Musk’s Equity Story.

This story was originally introduced Fortune.com


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