Tesla has raised the prices of its Shanghai-made Model 3 and Model Y cars in China, despite a slide in sales. The company's stock rose by over 5% in a day, but it finished down by 3.81% on another day. Li Auto, a startup, is reported to be surpassing Tesla in EV sales in China. Analysts suggest that Tesla is facing challenges in growing and taking market share at scale. The EV market in China is rapidly growing, with Chinese brands with strong hybrid lineups emerging as winners in an intense price war to prop up slowing demand.
As EV makers in China wage an intense price war to prop up slowing demand, Chinese brands with strong hybrid lineups are emerging as winners, attracting consumers with vehicles with long range that can cost less than gasoline cars https://t.co/YH0v1l9Ssq
As EV makers in China wage an intense price war to prop up slowing demand, Chinese brands with strong hybrid lineups are emerging as winners, attracting consumers with vehicles with long range that can cost less than gasoline cars. More here: https://t.co/03KbkWKEou
#Tesla has increased price of Model Y long-range vehicle in #China by 2,000 yuan to 304,400 yuan from Tue https://t.co/haGgRmRP6L
Don't believe the media hype over electric cars. Too many motoring journalists are acting like vegan butchers, promoting products they wouldn't dream of buying themselves. Every car expert knows EVs are nothing special, says Hugo Griffiths https://t.co/bJEsflhnJ7
Don't miss this episode! EVs ~40% of all new car sales in China, the largest auto mkt in the world. EVs sold there similar in price to gas engine cars - mfg cost has dropped significantly in just few years (batteries, etc.). China now #1 car exporter. https://t.co/Byjhz1eUV4
China's transition to EVs is so fast that Volkswagen is on track for its worst local sales in years https://t.co/GQzsKiUAg1
$TSLA in the green after 3% decline after the opening bell #tesla #stocks #trading @elonmusk
⚡ #EV charging is getting supercharged—bringing new business opportunities while delivering a seamless user-experience. Check it out ➡️ https://t.co/2JknY2o9A6 __ cc: @DrJDrooghaag @BevEve @AkwyZ #Sustainability #Tech #AI https://t.co/rsKtQOJj3N
"Are Americans Falling Out of Love With EVs?" https://t.co/EGLtsccg6F "The industry will work it out in the end—governments with climate targets are forcing it to. But it will take years and will burn through unconscionable amounts of shareholder capital." https://t.co/9RZ8DyJ29I
China's transition to EVs is so fast that Volkswagen is on track for its worst local sales in years https://t.co/GQzsKiUAg1
Why dealers say EV sales have slowed https://t.co/YCqR25oKro
China's transition to EVs is so fast that Volkswagen is on track for its worst local sales in years https://t.co/3Feyg7JuQr
• 1st Chart: Even though Tesla sells more cars in China each year, the situation is not great because sales of non-Tesla pure EVs have increased at a much faster rate • 2nd Chart: The situation in the US is completely different You can see Q3 2023 here: https://t.co/lt9AKfU4CK https://t.co/VM7XILZYe2
$TSLA finishes down 3.81% to $233.59 #tesla #stocks
$TSLA finishes down 3.81% to $233.59
China's EV Market Dominance and the Challenges Facing Tesla — Manifold #48 A really great episode with expert @tphuang EV tipping point has arrived in China. Even most tech experts do not appreciate the huge impacts on global economics, mfg, energy .. https://t.co/Byjhz1en5w
Carmakers hoping for a breakthrough in EVs are being held back by consumers' doubts about price, range, and charging infrastructure, writes @davidfickling. But the industry may be about to turn the corner https://t.co/VCImrbkviU via @opinion
By focusing so much on securing supply chains, EV adoption has been shunted to the sidelines. To reach 50% EV sales in 2030, as the United States aims to, requires wide adoption. Here's the "everyman" EV: The Vantage. https://t.co/87u2Rpsinr We created it to make supply chains… https://t.co/gPYiK2WMgp https://t.co/C7rP6tnb4Y
$TSLA finishes up 2.29% to $242.84
#EVs: Can European automakers catch up with China? Two of our investment professionals weigh in on the recent developments.
In case you weren't keeping track, $TSLA now up about 27% in 2 weeks, since the post-earnings low.
Electrification 101: Getting The Grid Ready For An EV Revolution https://t.co/RgeJualPyC
Volkswagen aims for affordable 20,000-euro electric car by mid-decade https://t.co/CjxPLlULNO https://t.co/EEGvtikbcm
In the race to dominate the EV market, China has been the standout as US companies struggle to become competitive: Listen to The Big Take podcast https://t.co/NOPLFjicKR
In the race to dominate the EV market, China has been the standout as US companies struggle to become competitive: Listen to The Big Take podcast https://t.co/s7FGUbASDB
Electric Vehicle Sales Continue to Grow, Despite What Some Automakers Are Saying https://t.co/evFCBA2o2n
Electrification 101: Getting The Grid Ready For An EV Revolution https://t.co/RgeJualPyC
"We're really going through a rationalization of the EV supply chain," Oppenheimer analyst Colin Rusch says. "Tesla specifically is going through what we think is a pretty challenging situation to grow at scale and to take market share at scale because they are real losers now." https://t.co/1NEU4X3DWD
$TSLA finishes up 6.12% to $237.41
Startup Li Auto is beating Tesla China's EV sales https://t.co/sPI8KAm88D
$TSLA is up over 5% today
Tesla $TSLA is now up 5% on the day https://t.co/fjPynYYg8g
$TSLA (+3.0% pre) Tesla raises prices of Shanghai-made Model 3, Model Y cars again even as China sales slide - SCMP https://t.co/YMLCFwsjgq
Tesla raises prices of Shanghai-made Model 3, Model Y cars again even as China sales slid $TSLA https://t.co/Ki9yuIzrW3