China Passenger Car Association Reported On Monday, Tesla Delivered 77,695 China-Made Electric Vehicles In May, Up 2.4% Vs April
Portfolio Pulse from Charles Gross
Tesla delivered 77,695 China-made electric vehicles in May, a 2.4% increase compared to April, according to the China Passenger Car Association.
June 05, 2023 | 8:45 am
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POSITIVE IMPACT
Tesla's China-made EV deliveries increased by 2.4% in May, indicating strong demand in the world's largest auto market.
The increase in Tesla's China-made EV deliveries indicates strong demand for their products in the world's largest auto market. This positive news is likely to have a short-term positive impact on Tesla's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Tesla's increased China-made EV deliveries may indirectly benefit the iShares China Large-Cap ETF (FXI) due to the company's presence in the Chinese market.
While Tesla's increased China-made EV deliveries are not directly related to the iShares China Large-Cap ETF (FXI), the company's presence in the Chinese market may indirectly benefit the ETF. However, the impact is likely to be limited and neutral in the short term.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50