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September 8, 2023 2:09 PM EDT
Deep discounts and tax breaks for environmentally friendly and electric vehicles boosted consumer sentiment, allowing China's passenger vehicle sales to return to growth this past month, even as economic growth remains weak.
According to data from the China Passenger Car Association (CPCA) released on Friday, car sales saw a 2.2% increase... More
September 7, 2023 3:10 PM EDT
Deutsche Bank hosted investor meetings with Tesla as part of the IAA Cars Conf. In the very near term, we came away with the sense there could be downside risk to investors expectations for volume and margin in Q3, reflecting planned summer production shutdowns which will push both production and deliveries down QoQ, discounts on inventories, and limited positive costs offsets... More
September 6, 2023 1:32 PM EDT
On Wednesday, Tesla's China branch made an announcement about a significant achievement at their Shanghai facility. Through their social media channels, the company shared that Giga Shanghai has reached the remarkable milestone of manufacturing its two millionth vehicle in less than four years since the plant commenced its... More
