Hi, what are you looking for?
Tesla Powerwalls Survive Hours Underwater In Hurricane Ian
RE+ 2022: SEIA’s Vision for the Solar+ Decade
Sono Motors Debuts Solar Trailers, Solar-Powered Refrigeration To Cut Some Diesel Usage In The World’s Current Diesel Fleet
How Effective Are Rooftop Solar Plus Storage Systems In A Blackout? Berkeley Lab Has The Answer
CrossBoundary Energy Access & ENGIE Energy Access Sign Largest Mini-Grid Project Finance Transaction In Africa To Build $60M Of Mini-Grids In Nigeria
The Time is Ripe for Communities to Embrace Clean Energy on Brownfields
More Green Ammonia For The US, & More Electrofuels for Texas
Project Agreements For 420 MW Of Onshore Wind Signed This Week In South Africa
Treasury Regulations & Tax Insights Into The Inflation Reduction Act (IRA)
MacIntyre Wind Precinct Supports the Locals
Your Rechargeable Batteries Need Lithium. Geothermal Energy Could Soon Help. (Surprise Video)
On the Road to 100% Clean Electricity: 6 Potential Strategies To Break Through Last Few Percent
President William Ruto Sworn In, Reaffirms Kenya’s Commitment To Transition To 100% Clean Energy By 2030
New Lithium StoryMap & the Future of Electrification
Enhanced Geothermal Technology Cracks The 24/7 Energy Code
Tesla Powerwalls Survive Hours Underwater In Hurricane Ian
How Effective Are Rooftop Solar Plus Storage Systems In A Blackout? Berkeley Lab Has The Answer
Magnetic Field Helps Thick Battery Electrodes Tackle Electric Vehicle Challenges
VW, PowerCo, Umicore Establish Joint Venture For European Battery Materials Supply Chain
Kentrucky: Ford Announces Investments in Kentucky, But It’s For More Than Super Duty Trucks
East Bay Customers Support California’s Grid During Extreme Heat Wave Through Innovative Program
NY Governor Hochul Announces Winner of 2022 New York–Israel Smart Energy Innovation Challenge
Biden–Harris Admin Launches $10.5 Billion Investment to Strengthen America’s Electric Grid
Electric Vehicles Don’t Break The Grid, And They Can Help Boost It
Stryten Energy Applauds Investments in Energy Security & U.S. Manufacturers With Passage Of Inflation Reduction Act
U.S. Commercial Buildings Continued To Increase Their Energy Efficiency Through 2018
17 EV Models Have EPA Combined Rating of 100+ MPGe in Model Year 2022
An Open Letter To Designers & Manufacturers Of Portable Power Stations
Rheem Releases 120V Plug-In Heat Pump Water Heater That Can Be Plugged Into Typical Outlet
Underwater Data Centers Could Be A Great Way To Lower Environmental Impacts
Tesla Quarterly Sales Charts Rise Again — 9 Charts
Tesla Achieves Record 343,830 Deliveries In 3rd Quarter — BREAKING
Tesla 4th Quarter Sales Forecast HUGE, According To Internal Tesla Leak
100% Electric Vehicles = 11% Of New Vehicle Sales Globally!
The Tesla Model Y Earned Europe’s Highest Safety Score in History
Electric Vehicle Good, E-Bike Better, Cargo E-Bike Even Better
Mazda MX-30 EV vs. Tesla Model 3 — Ultimate EV Battle Bracket
How Jackery’s New Explorer 1000 Pro Compares To The 1000 Non-Pro
How The Chevy Bolt EUV Performs In The Mountains (Part 2)
How The Chevy Bolt EUV Performs In The Mountains
Tesla Quarterly Sales Charts Rise Again — 9 Charts
100% Electric Vehicles = 11% Of New Vehicle Sales Globally!
13% Of New Car Sales In Europe Electric (21% Plugins)
China Electric Car Sales — 30% Share Of Auto Sales In August!
Solar & Wind Power = 71% of New US Power in 2022 (January–July)
Electric Vehicle Good, E-Bike Better, Cargo E-Bike Even Better
Mazda MX-30 EV vs. Tesla Model 3 — Ultimate EV Battle Bracket
How Jackery’s New Explorer 1000 Pro Compares To The 1000 Non-Pro
How The Chevy Bolt EUV Performs In The Mountains (Part 2)
How The Chevy Bolt EUV Performs In The Mountains
Mazda MX-30 EV vs. Tesla Model 3 — Ultimate EV Battle Bracket
Exploring XPeng’s Self-Driving Tech Live — 1 Hour+, No Interventions!
2022 Nissan Leaf S Plus — CleanTechnica Review (VIDEO)
Ford F-150 Lightning — CleanTechnica Review
Tesla Q4 Shareholder Conference Call — Watch & Listen Here
Supplementing the article below, note the following comment from José Pontes in his latest China EV sales report (which he publishes monthly). In this comment, aside from references to EV sales standings for the year to date, José discusses Tesla’s dropping Model 3 sales in China.
“Tesla’s midsize sedan should bounce back in September, likely to #8, but considering that 12 months ago the Model 3 was 2nd, with some 90,000 registrations, we can see that deliveries have dropped a significant 26% YoY. One should be worried about the future of the US model in China, especially considering that this drop happened in the context of a market with three-digit growth rates and that several Model 3-******s (namely, the BYD Seal and NIO ET5) are about to land on the market. Price cut, anyone?…”
However, note that refers to the Model 3, which went from 92,755 sales in China in the first 8 months of 2021 to 69,025 sales in the first 8 months of 2022, but Model Y sales went from 59,900 sales to 172,711 sales in the same period. Clearly, there’s a much larger increase in Model Y sales than decrease in Model 3 sales.
José also noted that Tesla had 10% of Chinese plugin vehicle sales in the first 8 months of 2021 but 7% of Chinese plugin vehicle sales in the first 8 months of 2022.
Above and below are just a few of the puzzle pieces regarding the Tesla story in China at the moment, but look at them carefully and see how you think they fit together and what they mean.
Now let’s get to what’s happening with Tesla vehicle wait times for new buyers in China.
By Peter McGuthrie, courtesy of EVANNEX
As Tesla continues to prioritize production output at its Gigafactory Shanghai, the automaker’s wait times have been dropping in China as it begins catching back up to demand. Most investors know that China is an important market, and the shift to reduced wait times on electric vehicles may or may not be significant when considering the company’s share price.
Tesla’s wait times in China have dropped significantly in recent weeks, as reported by Barron’s, leaving some investors wondering how the automaker’s stock could be affected. Some of Tesla’s wait times in China were dropped by more than a month, with all models now bearing a minimum estimated delivery of just one week and a maximum of 10 weeks.
Before, the shortest wait time for a Tesla in China is with the entry-level Model Y, which estimated a delivery time ranging from one to four weeks. Now, all Model Y and Model 3 variants have estimated delivery times as low as one week.
The longest wait times for its models are the Model Y AWD Long Range and Model Y Performance, each with an estimated delivery ranging from 1 to 10 weeks — down from as much as 14 weeks earlier this week.
Tesla has dropped delivery estimates in China three separate times since completing its production upgrades. Additionally, 14 weeks is quite the improvement considering some of Tesla’s models were expected to take 20 weeks just last month.
The drop in wait times could indicate multiple different things for Tesla’s stock, and bulls and bears are likely to argue one way or the other. For one, many investors are looking at demand to help predict the market’s future, and falling wait times could point to a decrease in demand overall.
Still, the wait times began decreasing within a month of Tesla’s production upgrades at Giga Shanghai, and bulls are likely to debate that the drop represents this production increase and not a drop in demand — especially with Tesla’s impressive August delivery numbers. Additionally, Tesla’s Giga Shanghai became less strained with the ramp-up of production at Gigafactory Berlin-Brandenburg, since that factory can now accommodate European orders.
No matter which way you spin it, however, delivery expectations for much of the Chinese auto market — including EV startups and Tesla rivals Li Auto, NIO and XPeng Motors — significantly underperformed. Meanwhile, Tesla nearly doubled its total manufacturing potential worldwide between Gigafactories Shanghai and Berlin.
Only time will tell how Tesla’s reduced wait times will affect its stock, but consumers could also be incentivized to buy EVs with wait times that decreased by more than a month. According to statements made during Tesla’s second-quarter earnings call, CEO Elon Musk also seems to think that the drop in lead times is crucial, calling the automaker’s long backlog of orders “annoying” for customers.
“That’s annoying. It’d be like go to a restaurant and you order a burger and you have to wait 3 hours and like,” said Musk. “You want to get your burger right away. Same with the car. So we want that lead times to reduce.”
Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.
#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world. Support our work today!
Advertise with CleanTechnica to get your company in front of millions of monthly readers.
Tesla reported its 3rd quarter vehicle production and delivery numbers earlier today. That allowed us to update various spreadsheets and create updated charts of...
Tesla has just published its 3rd quarter production and delivery totals. The company produced a record 365, 923 vehicles and delivered a record 343,830...
It’s the beginning of a new quarter, which means we will be getting Tesla’s global sales for the previous quarter very soon. There’s all...
This Tesla Solar Roof and Powerwall stood up to the challenge of Hurricane Ian in Florida last week. And how about those hot new...
Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.