Tesla stock crashed -7% on 3/4 (Monday), what happened!?
Tesla's result for 3/4 (Monday) was $188.14 (-7.16%) ⤵️
The reason why Tesla's stock price dropped drastically is that Tesla's sales volume in China in February was 60,365 units (vs. 71,447 units in January), -15% compared to the previous month.
However, there is a reason for this.
This year's Chinese New Year began on February 10, and last year it started on January 22. The significant decrease in the number of units shipped in February compared to the same period last year is thought to be an effect of this.
Every major Chinese EV manufacturer saw a drop in sales volume in February compared to January. BYD -36%
Xpeng -24%
Li Auto -35%
Nio -33%
So, it can be said that Tesla's -15% figure is a very good result compared to other companies. There is a possibility that stock prices will fall for a while due to selling pressure, but I think they will recover over time.
So, it can be said that Tesla's -15% figure is a very good result compared to other companies. There is a possibility that stock prices will fall for a while due to selling pressure, but I think they will recover over time.
However, we are paying attention to the sales situation in China in March. If this figure is on par with last year, or higher than last year, I think it will lead to a recovery and rise.
$Tesla(TSLA.US$
$Tesla(TSLA.US$
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Happy1 : Thanks for the analysis.
sabuzero : Most of the Chinese data is false.
When I asked people in China, they said Tesla wasn't selling even half of this.
えりなww sabuzero: a lie?!
exera : Will this year be a sluggish year for EV companies after all
sabuzero えりなww: Yes, most of the data that comes out is false.