Tesla China On Track To Hit Record Q2 Sales Even As Market Share Shrinks Amid Heated Rivalry: Analyst
Portfolio Pulse from Shanthi Rexaline
Tesla's Q2 sales in China are expected to increase by 13% quarter-over-quarter to 155,000 units, despite its market share in the battery EV market likely shrinking from 16% to 13.7%, according to China Merchants Bank International Securities analyst Shi Ji. Other domestic players such as BYD have seen their market share increase. Tesla's direct sales model could make expansion into lower-tiered cities expensive. China is a key market for Tesla, with about half of its total production coming from the country.
June 28, 2023 | 10:16 am
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POSITIVE IMPACT
BYD's market share in China's battery EV market has increased, which could potentially boost its stock.
BYD's increasing market share in China's battery EV market indicates strong demand for its products, which could potentially boost its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
BYD's market share in China's battery EV market has increased, which could potentially boost its stock.
BYD's increasing market share in China's battery EV market indicates strong demand for its products, which could potentially boost its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Tesla's Q2 sales in China are expected to increase despite a shrinking market share. This could potentially boost Tesla's stock.
Despite a shrinking market share, Tesla's sales in China are expected to increase. This indicates strong demand for Tesla's products, which could potentially boost its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100