Published on December 3, 201
by Steve Hanley
3. December 2018 by Steve Hanley
Stock markets around the world are breathing heavily today as the US and China have agreed on a 90-day day for the slowdown in their trade war, in which China has a 40% Inch on cars imported from America. This action weighed on Tesla's sales in China as its cars now cost significantly more than comparable domestic-made vehicles.
Tesla sales have reportedly dropped 70% recently, but this is a controversy Tesla denies. Whatever the actual numbers may be (Tesla plays his cards near his waistcoat when it comes to reporting sales figures by country and month), it would be tedious to think that the tariffs have no impact on sales. In response, Tesla has lowered prices for the Model X and Model S vehicles sold in China by up to 26% to offset the price reduction on these tariffs.
Tweeting of the G20 Conference in Buenos Aires This weekend, the US President had good news on the tariffs.
China has agreed to lower and cancel tariffs for cars coming to China from China. Currently the duty is 40%.
– Donald J. Trump (@realDonaldTrump) December 3, 2018
What exactly this means is ambiguous at the moment. Is it "reduce" or "remove" and if the former, how much will there be a reduction? Details should be published shortly.
Monster Q4 Predicted
Whatever the peculiarities regarding China and Customs may have detained none of this inconvenience Greentech Media from predicting a fourth monster quarter for Tesla. But who does not predict that? Tesla's sales are generally higher in the last quarter of the month, and December is generally a monster quarter in China, with much higher than the previous year for both expectations. Of course, predictions are worth what we pay for them. GTM, however, seems to have access to inside information that we can not independently verify. Therefore, we simply add them to the bullish indicators. That's what the store says:
"At present, Q4 2018 will produce a total production of 85,866 with 60,750 models 3s and 25,116 models S + X. Deliveries planned for the quarter totaled 61,976 3s and 27,872 S + X models, for a total of 89,848. … If this is accurate, it means that Tesla has been able to maintain a model 3 run rate of about 5,000 units a week (compared to 4,300 units a week in the last quarter), and possibly a lucrative Model 3 of $ 35,000 in range , "
CleanTechnica turned to Tesla to comment on the GTM story, but received no answer, which in itself could have some meaning. If the claims were highly inaccurate, the company would likely issue a rejection. Nothing often says volumes.
Bloomberg Model 3 Tracker
Bloomberg runs her own Model 3 tracker, which has proven pretty accurate in how many cars Tesla makes at a given time, but it's still an estimate. Updated since December 3, it claims Tesla has built a total of 132,306 models 3 and produces 4,152 of them each week. The fact that Bloomberg does this at all is an indication of how significant the Model 3 is. Bloomberg has no similar trackers, for example, for Chevy Bolt, Nissan LEAF, BMW i3, Jaguar I-PACE or car e-tron.
When all the predictions are taken together and it is assumed that this is the case More or less accurate is the likelihood that Tesla will once again amaze and confuse its skeptics in the fourth quarter and will make significant gains for two consecutive quarters. We will not know for sure until the Q4 earnings settlement took place in early February, but it looks like those of you who have taken the leap of faith and bought shares from Tesla when the price dropped a few months ago will be quite satisfactory in the final Numbers are revealed.
About the author
Steve Hanley Steve writes about the interface between technology and sustainability from home in Rhode Island and wherever Singularity takes him everywhere. His muse is Charles Kuralt – "I see the road turn to the front.
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