Tesla's China Production Cut Signals Demand Concerns
TL;DR Summary
Tesla reduces production at its Shanghai factory amid slowing EV demand in China, potentially heading towards a first-quarter delivery miss and announcing vehicle price increases, leading to a drop in stock value. The company is facing weakening demand in China, Europe, and other key markets, with its Shanghai exports to Europe declining and the Berlin factory running below capacity. Analysts have lowered delivery forecasts, and Tesla's stock performance has been declining, with UBS cutting its price target and delivery forecasts, and Morgan Stanley projecting potential earnings declines and a decrease in price target.
- Tesla Falls On China Production Cut As Deliveries Miss Looms Investor's Business Daily
- Tesla trims output of cars in China amid slower EV sales growth, Bloomberg reports Reuters
- Tesla shares extend slump as China move highlights key demand risk TheStreet
- Tesla Trims Car Output in China as EV Sales Growth Slows Yahoo Finance
- Tesla Stock Is Falling. Demand Is the Problem. Barron's
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