Tesla reduce la producción del Model Y en China en medio de una feroz competencia

Tesla está recortando Modelo Y producción en China debido al aumento de la competencia y a la ralentización del mercado, según Barron’s. Esta medida podría afectar Tesla‘s second-quarter delivery expectations and raises concerns about demand growth.

Retos del mercado chino del VE

The Chinese electric vehicle (EV) market is highly competitive and showing signs of slowing down. Through April, Chinese automakers sold approximately 1.6 million battery-electric vehicles (BEVs), a 9% increase year over year. However, Tesla’s sales from its Shanghai plant fell by 7%, totaling about 283,000 cars. This decline caused Tesla’s market share to drop by about 3 percentage points, now sitting at around 17% of all BEV sales.

Crecimiento mundial

Tesla’s global growth has been an issue in 2024. In the first quarter, Tesla delivered around 387,000 units, a nearly 9% decrease year over year. Wall Street projects second-quarter deliveries at 452,000 cars, a 3% decline compared to the previous year. This slowing growth has negatively impacted investor sentiment, with Tesla’s stock down 30% this year.

Perspectivas del mercado

Despite the recent slowdown, Tesla’s Modelo Y sigue siendo el BEV más vendido en China, con unas 630.000 unidades vendidas en los últimos 12 meses. Los analistas de Wall Street son optimistas respecto a un repunte en la segunda mitad de 2024, y proyectan 979.000 entregas en el tercer y cuarto trimestres combinados, un aumento interanual del 6%.

Rendimiento de las acciones

On Friday, Tesla’s stock showed a slight uptick of 0.3% in premarket trading, reaching $174.29, while the S&P 500 and Nasdaq Composite futures also rose by about 0.3%.

EVXL’s Take

Tesla’s decision to cut Model Y production highlights the intense competition and dynamic nature of the Chinese EV market. Despite current challenges, the long-term outlook for Tesla remains positive, with expectations of recovery and growth in the latter half of 2024. The Model Y’s popularity in China underscores Tesla’s resilience and potential to navigate through a competitive landscape.

Foto cortesía de Tesla Motors.