Tesla faces a pivotal decision regarding its global inventory management, as highlighted by a technical analysis of its displayed inventory. The electric vehicle (EV) manufacturer must choose between further price cuts to accelerate inventory movement, ending the quarter with significantly more inventory than in the previous two quarters, or slowing or halting production. Meanwhile, the monthly EV sales report for January '24 and the monthly chart update on Tesla's China GF3 sales, with a three-month rolling average, indicate a substantial inventory available for March sales, assuming one-third of 2024 sales are Model 3. Additionally, Tesla's three-month cumulative vehicle insurance and registration totals in China and Europe through February 2024 reached 231k, reflecting robust demand. In a broader context, China's exports of new energy passenger vehicles saw a marginal increase of 0.1% year-over-year in February, with a total of 3.13 million passenger vehicles sold in the first two months of the year, marking a 17% increase from the previous year, according to data from the China Passenger Car Association.
China's exports of new energy passenger vehicles edged up 0.1% YoY, reaching 79,000 in February. In the first two months of the year, a total of 3.13 million passenger vehicles were sold, up 17% YoY, data from the China Passenger Car Association showed. #NewEnergyVehicle #NEV https://t.co/1eE3WJxmoO
Tesla 3 month cumulative China/Europe vehicle insurance/registration totals updated through February 2024. Each bar represents a 3 month rolling sum. Most recent sum from Dec-Feb is 231k. Sources: China: @thinkercar, @CnEVPost Europe: @TroyTeslike, @fly4dat https://t.co/DFiloYa4UC
🚨 Monthly chart update - $TSLA China GF3 Sales 3 month rolling average. I don't have data for model breakdown, so chart assumes 1/3 of 2024 sales are Model 3. Plenty of inventory exists for March sales. https://t.co/i9cmWbpcxS
Monthly EV sales report for January '24 https://t.co/WD84a83nmf
Here is some technical analysis on Tesla’s displayed global inventory. It is easy to see visually that Tesla has a choice to make: 1. cut prices further to move inventory faster, 2. end the quarter with much more inventory than the past two quarters, or 3. Slow/stop production. https://t.co/Xeb3JYI5aa