Tesla stock has been flat over the past 6 months; hovering around $650 a share at the time of writing; although their automotive sales have been anything but flat. For the 2Q of 2021 Tesla produced a record 206,421 vehicles and delivered a record 201,250 vehicles. Deliveries are up 121% from last years delivery numbers of 90,891 vehicles. These numbers are very clearly still showing how much of a growth company Tesla is; despite the FUD in the main stream media regarding the company.
China June sales numbers came out today at 28,138 vehicles sold locally which continues to show strong demand in the region. Some investors can get confused in my opinion when making decisions on the stock solely based off China sales. Tesla China exports cars to other parts of the world; and so only looking at the China sales can seem misleading. Investors should rather look at Tesla’s overall production/deliveries on a quarterly basis. China demand is very strong, and with the Berlin factory and the new standard range Model Y coming online in China. China sales numbers are going to continue to grow as Tesla increases overall production capacity globally.
Tesla sales in China and everywhere else in the world continue to be red hot. Consumers have a strong demand for an EV that has the best range, performance, charging network, style, practicality, and tech. It’s clear which company is dominating; The closest competitor in the EV space to Tesla in China is Nio; they sold 8,083 vehicles in June.
Yesterday, Tesla China announced they will now sell the new Standard Range Model Y starting at $42,600 USD. Tesla could see an additional bump in demand; note this model isn’t even available in the U.S yet. Running the world on fossil fuels is unsustainable and consumers are starting to realize the many benefits of driving an electric vehicle and charging it from the sun; Tesla’s sales performance is a clear indication of the massive disruption that’s underway. A clean future is becoming more and more of a reality; and Tesla is leading the world in “accelerating the worlds transition to sustainable energy.”
Business in the Modern World 