"Tesla's China orders down by 50% in May, we are told based on internal data...
Poster Comment:
Tesla stock had been over $1,300. Major players have been shorting it.
Tesla Shares Plunge Below $600 After Reports Of Collapse In May China Orders
| Source: | https://www.zerohedge.com/markets/tsla-shares-tumble-below-600-after-reports-collapse-china-orders |
| Published: | Jun 3, 2021 |
| Author: | Tyler Durden |
| Post Date: | 2021-06-03 18:05:42 by Horse |
| Views: | 213 |
#1: BTP Holdings To: Horse (#0)
Last week we detailed that the rocky road between Tesla and the Chinese Communist Party looked like it was continuing. Meanwhile, just hours ago we noted that Tesla's global EV market share was in the midst of collapsing.
The company's market share in the world's largest auto market - China - collapsed to 8% in April from 19% in March. That drop should be no surprise given the collapse in sales numbers we reported for Tesla in China last month. "GM remained the share leader in China in April, with a 20% share, driven by continued volume traction of the low cost Wuling HongGuang Mini," Levy's note, summarized by Bloomberg, pointed out.
May's numbers now look like they could be equally as ugly.
What goes up, must come down. ;)
BTP Holdings posted on 2021-06-03 21:24:58 Reply Private Reply