China Passenger Car Association Reported Tesla Delivered 72,115 China-made EVs In October, Down 2.6% Vs September
Portfolio Pulse from Charles Gross
According to the China Passenger Car Association, Tesla delivered 72,115 China-made electric vehicles (EVs) in October, marking a 2.6% decrease compared to September.
November 02, 2023 | 8:47 am
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NEGATIVE IMPACT
The decrease in Tesla's China-made EV deliveries could potentially impact the performance of the iShares China Large-Cap ETF (FXI), which includes Tesla among its holdings.
FXI includes Tesla among its holdings. Therefore, any significant changes in Tesla's performance could potentially impact the performance of the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Tesla's deliveries of China-made EVs have decreased by 2.6% in October compared to September. This could potentially impact the company's revenue and stock price.
Tesla's revenue is directly tied to its vehicle deliveries. A decrease in deliveries could potentially lead to a decrease in revenue, which could negatively impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100