In July, the Chinese government doubled EV subsidies, encouraging local drivers to trade in their old passenger cars, with a subsidy of $2,770 per vehicle.
Dan Levy from Barclays believes China's new EV subsidies will help Tesla "offset ongoing weakness in the US and Europe," forecasting 470,000 global deliveries.
Tesla is expected to report a quarterly sales increase for the third quarter, its first time for 2024, driven by a boost in Giga Shanghai's numbers.
Analysts predict Tesla will deliver around 463,900 vehicles worldwide for Q3 2024, about 7% more than last year's third quarter.
Collection
[
|
...
]