I am always surprised how a story run according to 2 incited sources without any comments from Tsla has a significant impact on TSLA premarket. It might be time for TMCs to publish positive news about incited sources about Tesla.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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I am always surprised how a story run according to 2 incited sources without any comments from Tsla has a significant impact on TSLA premarket. It might be time for TMCs to publish positive news about incited sources about Tesla.
That’s quite a declarative statement when in fact it’s speculative.Any thoughts on this?
Mean while all the EV Chinese companies up big thanks to the change in the Covid policy.
Rob did not say anything about it being or even possibly being a demand issue at least on Friday.Tesla Daily: Tesla News & Analysis: Semi Battery, Charging, & Delivery Details + China Update (12.02.22)
Starting: 00:10:12
https://traffic.libsyn.com/secure/t...hina_Update_12.02.22.mp3?dest-id=561941#t=612
Might be demand issueThat's the best guess for this rumor for now according to Rob Mauer
.. or Tesla could comment and quash untethered speculation. But where’s the fun in that.
He said he didn't know why.
Except if it's true and they comment it'll just crush the stock -10%. Silence says something.
If the boost in China demand was the price cut on Oct 24th
Then wouldn’t the recently announced price hikes after Jan 1st also incentivize purchases in the month of December?
20% cut seems more Covid related- but Covid restrictions are being eased as we speak….
Then wouldn’t the recently announced price hikes after Jan 1st also incentivize purchases in the month of December?
20% cut seems more Covid related- but Covid restrictions are being eased as we speak….
In Tesla's defense, "quash untethered speculations in a timely manner" is not exactly part of their mission statement...
Tesla China does squash rumors..,
The Nov deliveries are fact, the 20% cut is fiction for now…
The Accountant
Active Member
Germany came in at 10.8k units for November.
Total for Europe is about 36.8k for Oct+Nov.
Great news out of China . . .great news out of Europe.
Total for Europe is about 36.8k for Oct+Nov.
Great news out of China . . .great news out of Europe.
Stopping exports in China is a sign of trying to fulfill orders in China for Decemeber. If there's demand problems then why stop exporting after Tesla announced they are stopping the wave for December? Last time it was demand problems because China started exporting 2 weeks early from end of q3. Now Tesla is halting production. Next Q we will have rumors of Tesla dumping cars into the ocean.
Barron is pretty fair on the rumor vs jumping straight to demand issues.
www.barrons.com
Tesla Set a China Sales Record. Its Plans for Production Aren't Clear.
The company produced more than 100,000 vehicles in China last month. But it plans to cut Model Y output there in December, according to a report.
www.barrons.com
To top this in Dec, Tesla will do factory pickup - last weekends drone video shows the pop-up delivery center:10,819 for Germany in Nov. +59% Jan-Nov year over year. +93% compared to just Nov 2021.
Pressemitteilungen - Fahrzeugzulassungen im November 2022
Flensburg, 5. Dezember 2022. 260.512 Personenkraftwagen (Pkw) wurden im November 2022 neu zugelassen und damit +31,4 Prozent mehr als im Vergleichsmonat.www.kba.de
The Accountant
Active Member
The 36.8k for Oct/nov was my estimate. I see now that the actual number was slightly higher at 37k.
There is a common belief here that Tesla never has demand problems. This is demonstrably false. For example, I purchased my first S with a 1 percent loan bought down by Tesla to move cars. I got free supercharging for life and a couple of add ons free with the second. China seems perfectly normal Tesla behavior in an economy racked by Covid
So, this production cut rumor will either be proven false by Tesla China in a statement, proven false if it is forced/mandatory due to Covid or better yet, proven false due to December being another all time production record. Time will tell.Barron is pretty fair on the rumor vs jumping straight to demand issues.
Tesla Set a China Sales Record. Its Plans for Production Aren't Clear.
The company produced more than 100,000 vehicles in China last month. But it plans to cut Model Y output there in December, according to a report.
Oh, and MSM are making bank on this, no matter the outcome...
China can have demand problems, but it's an export hub so production shouldn't slow down because there are like zero inventory all over the world unless they are forced to cut production due to unforseen forces. Tesla had like 5-7 days worth of inventory and that's because they are on transporters.
You never see other car manufacture cut production even with 30-60 days of inventory.
JusRelax
Active Member
Let's go over the facts:
1. Tesla's competitors in China are up 5+% because of positive news on covid policy
2. Tesla broke their monthly record for China deliveries, delivering 100k+ vehicles, which was significantly above expectations
3. There is a report from two news sites referencing an unspecified source that Tesla China will reduce China production by 20%, reason for production cut is not specified
which results in TSLA being down more than 4.5% in premarket, making it pretty much down 10% when compared to Tesla's China competitors.
Is anyone surprised? This seems like normal TSLA price action to me.
1. Tesla's competitors in China are up 5+% because of positive news on covid policy
2. Tesla broke their monthly record for China deliveries, delivering 100k+ vehicles, which was significantly above expectations
3. There is a report from two news sites referencing an unspecified source that Tesla China will reduce China production by 20%, reason for production cut is not specified
which results in TSLA being down more than 4.5% in premarket, making it pretty much down 10% when compared to Tesla's China competitors.
Is anyone surprised? This seems like normal TSLA price action to me.
s and will do anything to get them. Time is ticking and they know it….
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