Tesla production disruptions in China lead to sales plunge
August 10, 2022
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Tesla’s ($NASDAQ:TSLA) production disruptions in China have led to a sales plunge, with the company selling 28,217 China-made vehicles in July, down 14.41% year-over-year and 64.24% month-over-month from 78,906 units in June. The company sold nearly two-thirds less than a month earlier as a scheduled upgrade to its factory lines in Shanghai disrupted production. It is unclear how long Tesla’s production disruptions will last, but they are likely to have a negative impact on the company’s market share and earnings in the long term.
Tesla’s production disruptions in China have led to a sales plunge, with the stock opening at $870.9 on Tuesday and closing at $850.0.
However, the overall sentiment around Tesla remains positive, with many people seeing it as a leader in the electric vehicle market.
Tesla is a high risk investment in terms of financial and business aspects, based on the VI Risk Rating. The company’s fundamentals reflect its long term potential, but there are potential risks in the business and financial areas that should be considered before investing.
However, some analysts remain positive on the company, citing its strong fundamentals and potential for long-term growth. They point to Tesla’s recent announcement of a new factory in China as evidence of its commitment to the market.
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