shine trader live reports:
Tesla(1222.09, -7.82, -0.64%) shipments in the Chinese market dropped sharply in October because the company will prioritize exports at the beginning of each quarter before increasing deliveries in China.
On Monday, according to data from the Federation of Passengers, Tesla’s wholesale sales in China were 54,391 vehicles in October, and 56006 vehicles in September. Tesla China exported 40,666 new cars, a month-on-month increase of more than 9 times. Tesla’s domestic deliveries in China were 13,725 vehicles, a decrease of 74% from the previous month.
It is understood that Tesla China usually prioritizes overseas shipments in the first half of a quarter, and then increases Chinese shipments in the second half of the year.
For Tesla, China is a very important market. Wedbush Securities analyst Dan Ives recently stated that the Chinese market is still “the key to the overall bull market theory” of the stock. For Tesla’s 2022 prospects, the Chinese market can bring Tesla a value of $300 per share. Ives said: “Although the public relations and safety issues earlier this year brought unfavorable factors, we see that the demand trend will be positively reversed by the end of the year. This momentum may continue until early 2022.”
( 34.64 , 0.64 , 1.88% )