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Tesla's China car registrations surge in March as Shanghai factory back up

Published 04/15/2020, 12:11 AM
Updated 04/15/2020, 12:35 AM
© Reuters. FILE PHOTO: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai

BEIJING (Reuters) - U.S. electric vehicle maker Tesla Inc's (O:TSLA) China car registrations jumped 450% in March, month on month, data from auto consultancy LMC Automotive showed.

Tesla's China registrations rose to 12,709 units in March from 2,314 in February.

Overall auto sales in China plunged 43.4% in March, as a coronavirus pandemic continued to depress demand, industry data showed.

Tesla, which started delivering cars from its Shanghai factory last year, said last week it has started China sales of two more Model 3 variants built at its Shanghai plant.

Latest comments

I would like to tell you is completely misleading and seems to have a "fake news" approach even though all the information presented is true. The misleading comes from giving the impression of big advantage of "Tesla" car registration when comparing with overall auto sales which is a totally different indicator.  Normally, after this individual indicator is presented for Tesla only, the reader should expect when he sees the "Overall" word in the following paragraph to receive a comparable overall indicator. In the blink of the eye the mind of the reader is mislead to compare "car registration" leading indicator MoM of an individual stock, Tesla, to Overall "Auto sales in China", a totally different lagging indicator YoY, INSTEAD OF Overall Car registration in China which actually increased 365% from 224k to 1043k (source https://tradingeconomics.com/china/car-registrations).
Is this a fake news? If you check on china car registration data, the market jumped 400%, didn't sink 43,4%...https://tradingeconomics.com/china/car-registrations
car registration numbers could be different from car sales
 The article mentions China car registrations, not sales
Read again. “Overall auto sales in China plunged 43.4% in March”
nobody gives a *******about TLSA when economy is down. those who want electric cars they already bought. TLSA is going down. there is no point of producing at this point since there are no buyers!!!
Why would anyone pay a premium buying fancy electric cars when oil prices are at lowest levels despite record production cuts .... unbelievable
If you did research, you would nnow Tesla buyers dont care about gas prices.
they haven't tell u the number of cancellations in April.
why would someone who cares about cutting their oil dependence care about what oil is doing?
I wonder how much they are paying for bulls! I'm not near TSLA but it's increase is insane in this market!
wow
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