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Rebounded 6 consecutive weeks: Is the rally coming to an end?
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Overseas and European sales of electric vehicles grew steadily in October, and the demand for electric vehicles in the United States next year will be nice

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Value Investment joined discussion · Nov 30, 2022 22:57
Sales of electric vehicles in Europe rose steadily in October. In October, the sales of electric vehicles in Germany, France, Norway, the United Kingdom, Sweden, and Italy reached 6.8, 2.8, 1.1, 2.9, 1.3, and 10,000 units respectively, with a total of 159,000 units, a year-on-year increase of 14% and a month-on-month decrease of 17%; the six countries In October, the penetration rate of electric vehicles reached 25.6%, a year-on-year decrease of 0.2pct and a month-on-month decrease of 0.4pct.
From January to October 2022, the sales volume of electric vehicles in six European countries was 1.41 million, a slight increase of 4.7% year-on-year, and the penetration rate was 23%. On the whole, the European market is still constrained by the shortage of parts supply. It is expected that with the increase of the production capacity of the Berlin factory, the bottleneck of Tesla's production capacity in Europe will be alleviated to a certain extent, which is expected to boost sales in the European market.
At the beginning of 23 years, the US "2022 Inflation Reduction Act (IRA)" will come into force. The bill removes the vehicle cap of 200,000 new energy vehicle subsidies in the United States, and Tesla's subsequent models will continue to enjoy subsidies of up to $7,500. In addition, the IRA also has a subsidy for new energy commercial vehicles. Tesla's heavy truck Semi will receive a subsidy of US$40,000. At the same time, the IRA will provide household energy storage with a 30% tax deduction on purchase costs and a deduction of $40 per kilowatt for photovoltaic equipment. We believe that the implementation of the bill will stimulate both Tesla's automobile and energy businesses. $Tesla(TSLA.US)$
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