Latest news with #TeslaChina
Al Arabiya
16-07-2025
- Automotive
- Al Arabiya
Tesla registers plans for new six-seater Model Y L in China
Tesla registered plans for a new six-seater Model Y L in China with a wheelbase of 3,040 mm, according to filing information published on China's industry ministry website on Wednesday. Tesla also posted the message 'Model Y L, see you in the fall' on its Weibo account, along with images of a car matching the one shown in the ministry filing.
Zawya
16-07-2025
- Automotive
- Zawya
Tesla registers plans for new six-seater Model Y L in China
Tesla registered plans for a new six-seater Model Y L in China with a wheelbase of 3,040 mm, according to filing information published on China's industry ministry website on Wednesday. Tesla also posted the message "Model Y L, see you in the fall" on its Weibo account, along with images of a car matching the one shown in the ministry filing. (Reporting by Beijing Newsroom; Editing by Andrew Heavens)
Yahoo
09-07-2025
- Automotive
- Yahoo
What's Behind the Rebound in Tesla China's Deliveries in June?
Tesla TSLA sold 61,484 vehicles in China in June, up 59.3% from 38,588 units in May 2025 and 3.75% from 59,261 units sold in June 2024, per CNEV Post. This was Tesla's second-highest monthly domestic total in 2025, behind only 74,127 units delivered in June increase came as Tesla reduced exports from its Giga Shanghai plant. It exported 10,115 vehicles, down 56.2% from May and 13.9% from the year-ago period. Per the CPCA, combined domestic and export sales totaled 71,599 units in June, up 16.1% month-over-month and 0.8% Model Y remained Tesla China's top seller, with wholesale deliveries hitting 51,253 units, up 16.6% year over year and nearly 30% from May. In the first half of the year, wholesale deliveries of the Model Y reached 214,034 units, while the Model 3 recorded 150,440 units over the same the second quarter of 2025, Tesla sold 128,803 EVs in China, down 4.3% from the first quarter and 11.7% from the corresponding quarter of 2024, ending three straight quarters of growth. Domestic sales made up 67.2% of Tesla China's total in the second quarter, while exports accounted for 32.8%. In the first half of 2025, Tesla China exported 101,064 vehicles, down 31.85% from the first half of 2024. BYD Company Limited BYDDY reached a new monthly sales record for 2025 following a wave of price reductions. BYD sold 377,628 passenger vehicles globally in June, up 11% year over year. However, the price cuts have drawn attention from regulators and criticism from industry groups. Despite the overall growth, BYD's passenger car sales in China, its largest market, have declined for three consecutive months, casting doubt over its performance in the second half of the Auto Inc. LI delivered 36,279 vehicles in June 2025, down 24.06% year over year and 11.2% from May. Li Auto's second-quarter 2025 deliveries totaled 111,074 units, reflecting the intensified competition in China's auto sector. As of June 30, Li Auto's cumulative deliveries stood at 1.3 million vehicles. Tesla has underperformed the Zacks Automotive-Domestic industry year to date. TSLA shares have lost 26.3% compared to the industry's decline of 24.1%. Image Source: Zacks Investment Research From a valuation perspective, Tesla appears overvalued. Going by its price/sales ratio, the company is trading at a forward sales multiple of 9.27, higher than its industry's 2.49. Image Source: Zacks Investment Research The Zacks Consensus Estimate for 2025 and 2026 EPS has moved down by a penny each in the past seven days. Image Source: Zacks Investment Research TSLA carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA) : Free Stock Analysis Report Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report Li Auto Inc. Sponsored ADR (LI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Reuters
03-07-2025
- Automotive
- Reuters
Tesla's China EV sales rise 3.7% y/y to 61,000 vehicles in June
BEIJING, July 3 (Reuters) - Tesla's (TSLA.O), opens new tab electric vehicle sales in June rose 3.7% from a year earlier, according to Tesla China on Thursday. The U.S. automaker's EV sales rose 59% from May to 61,000 vehicles in China last month.
Yahoo
03-07-2025
- Automotive
- Yahoo
Tesla's China EV sales rise 3.7% y/y to 61,000 vehicles in June
BEIJING (Reuters) -Tesla's electric vehicle sales in June rose 3.7% from a year earlier, according to Tesla China on Thursday. The U.S. automaker's EV sales rose 59% from May to 61,000 vehicles in China last month. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
