Tesla's May 2023 Sales in China+Export: increase QoQ, up 142% YoY
Tesla's May 2023 sales in China + export is in the uptrend (haven't include global sales). Such sales volume is sustainable thanks to export to Canada and possible upgraded Tesla Model 3 roll out.
Quote:
According to the China Passenger Car Association (CPCA)'s initial data, the overall wholesale vehicle shipments (local retail sales and export) last month amounted to 77,695 units. That's a slightly higher result than in April (75,842). Compared to the previous year, when China was affected by a lockdown, the volume more than doubled (up by 142 percent year-over-year).
During the first five months of the year, the total wholesale sales amounted to over 382,000, which is 77 percent more than a year ago at this point.
Sustainable sales volume
We guess that such volume should be possible to maintain, as the cars from China are now sold also in Canada. The Chinese media reports suggest that as many as several thousand units might be exported this quarter... whether Tesla will introduce something new, like the rumored refreshed Tesla Model 3 Highland version. It would potentially boost sales (like all new products), at least after the ramp-up phase.
Source:
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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Silverbat : After Tax Credit is over, the demands might fall sharply again due to global economic contraction .
ZnWCOP Silverbat: I'm assume you're talking about China EV incentive. China government has announced that EV incentive will continue. Even if the incentive ends, it will hurt China-brand EVs (BYD, Nio, XPeng etc) more than Tesla because of their heavy dependent on domestic market. Tesla's EV sales in China contribute about 38%, the remaining is in US and Europe.