Tesla corta produção do Modelo Y na China em meio à concorrência acirrada

Tesla está reduzindo Modelo Y produção em China devido ao aumento da concorrência e à desaceleração do mercado, de acordo com Barron’s. Essa mudança pode afetar Tesla‘s second-quarter delivery expectations and raises concerns about demand growth.

Desafios do mercado chinês de veículos elétricos

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.

Questões de crescimento global

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.

Perspectiva do mercado

Despite the recent slowdown, Tesla’s Modelo Y continua sendo o BEV mais vendido na China, com cerca de 630.000 unidades vendidas nos últimos 12 meses. Os analistas de Wall Street estão otimistas quanto a uma recuperação no segundo semestre de 2024, projetando 979.000 entregas no terceiro e quarto trimestres combinados, um aumento de 6% ano a ano.

Desempenho das ações

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 cortesia da Tesla Motors.