Tesla On Track For Solid Q2 Deliveries? What Key China Data Shows
Portfolio Pulse from Shanthi Rexaline
Tesla's new vehicle registrations in China reached 16,700 units for the week ended June 25, showing an acceleration from previous weeks. The company is expected to report strong Q2 deliveries, with Future Fund's Gary Black predicting a record 450,000 units.
June 27, 2023 | 12:33 pm
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POSITIVE IMPACT
Tesla's new vehicle registrations in China show strong growth, potentially leading to a record Q2 deliveries.
The increase in new vehicle registrations in China indicates a strong demand for Tesla's products, which could lead to a record number of Q2 deliveries. This positive news is likely to have a short-term positive impact on Tesla's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Li Auto reported Tesla's new vehicle registrations in China, but its own insurance registrations were at 2,600 units.
Li Auto's mention in the article is mainly due to its reporting of Tesla's new vehicle registrations in China. While its own insurance registrations are mentioned, the focus is on Tesla's performance, making the impact on Li Auto's stock price neutral in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Nio's insurance registrations were at 7,500 units, compared to Tesla's 16,700 new vehicle registrations in China.
Nio's insurance registrations are mentioned in comparison to Tesla's new vehicle registrations in China. While the numbers are lower than Tesla's, the focus of the article is on Tesla's performance, making the impact on Nio's stock price neutral in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
XPeng's insurance registrations were at 3,200 units, compared to Tesla's 16,700 new vehicle registrations in China.
XPeng's insurance registrations are mentioned in comparison to Tesla's new vehicle registrations in China. While the numbers are lower than Tesla's, the focus of the article is on Tesla's performance, making the impact on XPeng's stock price neutral in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50