China's EV delivery in August, Tesla nearly doubling market share to 13.2%, up from 7.5% in July
$Tesla (TSLA.US)$ The article revealed that Tesla EV delivery in August almost doubled in market share indicated the EV price cutting initiated by Tesla is working well as compared to other Chinese EV companies.
Quote:
According to data from the China Passenger Car Association (CPCA) released on Friday, car sales saw a 2.2% increase in August compared to the same month the previous year, reaching a total of 1.94 million units, marking the first year-on-year growth since May. Thanks to substantial discounts, Tesla significantly expanded its market share in China's EV market in August, nearly doubling their share to 13.2%, up from 7.5% in July.
A price war initiated by Tesla at the start of the year continues as the U.S. EV maker recently announced further price reductions, following two price cuts made last month. However, it's worth noting that the company introduced its redesigned Model 3 with a starting price that's 12% higher than the previous base model with rear-wheel drive.
Source:
$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Lucid Group (LCID.US)$ $Stellantis NV (STLA.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
ZnWC
Moo Contributor
I reflect trading experience by writing journals. My posts and comments are for education purpose not financial advice.
3384Followers
103Following
12KVisitors
Follow
bullrider_21 : My post is to prevent wrong info from being spread.
Tesla's delivery doubled because it implemented a change in its delivery strategy in the Chinese market. Unlike the previous year, when Tesla typically conducted large-scale deliveries at the end of each quarter, the company now carries out these deliveries in August. This strategic shift led to a distorted 122% yoy increase.
https://www.moomoo.com/community/feed/111039522799622?global_content=%7B%22invite%22%3A%22102079252%22%2C%22promote_content%22%3A%22mm%3Afeed%3A111039522799622%22%7D&data_ticket=8d79554dc8b17a0ea10adf128b61190d&futusource=nnq_personal_host&content_type=feeddetail
MonkeyGee bullrider_21 : wow, I didn't know that. see that is what I'm talking about. if you are a newbie you would just take the content on surface values. I have learned over time that main of the news post on line are customized for an effect. There so many BS news out there. I did some research on the matter some time ago. The are news service for a fee that can help companies pump or blast the type of news they want. I have learned which ones are not an authentic news organization.
bullrider_21 MonkeyGee : Yes, there are such news organizations. They spread their propaganda. The reason for the doubling of the delivery was left out. People will think that it's very positive news.
ZnWC OP bullrider_21 : Thanks for contributing "comment".
ZnWC OP MonkeyGee : Thanks for contributing "comment".
ZnWC OP : About spreading lies about Tesla, there is one that I shared. See link below. Only someone who is spreading negative bias info about Tesla daily and spam other posting has such motive.
Tesla Wins Lawsuit Against BYD in China
https://www.moomoo.com/community/feed/110929139859462?global_content=%7B%22invite%22%3A%22101709443%22%2C%22promote_content%22%3A%22mm%3Afeed%3A110929139859462%22%7D&data_ticket=212ca245a589f1e400fb2e247953bc77&futusource=nnq_search_search-result&content_type=feeddetail
ZnWC OP : The more someone made irrelevant and untrue comment to my post, more users will find out about your daily bias info about Tesla. I found that more Mooers are comparing and complain about someone making bias info. Their comments are not removed by Moomoo hence they are genuine comment.
For those who likes and supported my posts, I didn't spam someone post and I don't have to because I welcome opposing view and Mooers to compare and contrast.
rich zhu : Sales volume has doubled, but what about profit margins? Decreased? Rise?
ZnWC OP rich zhu : Increase in market share implies increase in revenue. Economies of scale will help to push cost down and increase net profit. The article revealed that price increase in one latest model.
坚持3年 VS 短线复利 : The reason for the rise in prices of new models is to speed up the emptying of stocks of old models. When the inventory is almost cleared, the price of the new model will drop drastically, and the market will be in turmoil again.
Whether Tesla's price increases or drops, it's bad news for peers.
Very boring bad news.
If you have confidence in Xiaopeng Motor and wait another two years, it won't disappoint you.
View more comments...