Reports continue to suggest Tesla has pulled many "demand levers" in China, but the company calls them false.

tesla pushes back on rumors of demand issues in china

Despite the chip shortage, supply chain issues, and economic turmoil still persisting as a result of the COVID-19 pandemic, Tesla has arguably fared very well. While many global automakers are struggling to ramp up inventory, Tesla is producing and delivering cars at record levels. Nonetheless, after several recent moves by the US EV maker in China, the media is suggesting demand is waning.

Tesla recently reduced prices in China, added some local incentives, and it seems it may be exporting more vehicles than usual rather than delivering them domestically. However, the latter could begin to change quickly as the end of the quarter and the year near their end. Regardless, it seems to make sense that Tesla would be exporting vehicles to areas where people are waiting months and months to take delivery rather than delivering them locally when production is at its highest level yet and delivery times are greatly reduced.

In the past, whenever Tesla reduced delivery times, there were almost immediate reports of a lack of demand, which may certainly have been the case. However, there have also been reports that Tesla can’t keep up with demand, and should produce cars more quickly.

Now, the automaker has upgraded and expanded at some factories while also building two new factories. The company is now able to produce significantly more cars than it ever has before, which is how it planned to reduce the long wait times for its vehicles.

At any rate, there more substantial rumors are now coming out of China that Tesla’s recent actions signal a drop in demand. Local media company Huxiu has pointed to “sources familiar with the matter,” to say that Tesla’s orders in China are lower than expected. More specifically, the report claims that since Tesla reduced prices on the Model 3 and Model Y, there have only been 50,000 new orders, compared to the 100,000 to 170,000 that were reportedly referred to online.

Huxiu went so far as to suggest that the Model 3 is no longer as popular in China as it once was, Tesla stores are seeing reduced foot traffic, and Tesla China will likely reduce prices again in the near future.

Tesla has taken notice of the reports by Huxio and responded. Not surprisingly, the electric automaker says the media outlet’s claims aren’t true. That said, it seems the Tesla spokesperson didn’t provide any details or proof of recent orders or deliveries.

Clearly, it’s difficult to know for sure if Tesla is seeing reduced demand in China. With the current situation across the globe, it would come as no surprise if orders are slowing, though the EV maker still stands to break production and delivery records yet again. Since Tesla is a global automaker, it can potentially have reduced demand in some markets while demand grows in others.

At this point, all we can do is wait and see what the numbers tell us after the year comes to an end. Will Tesla achieve 50 percent year-over-year growth as guided? Start a conversation in the comment section below.

Source: Teslarati

Keyword: Tesla Pushes Back On Rumors Of Demand Issues In China

CAR'S NEWS RELATED

How Much Does Tesla Semi Weigh Without A Load?

Unlike other automakers, Tesla doesn't always reveal specific details about its vehicles, so we have to rely on educated guesses.

View more: How Much Does Tesla Semi Weigh Without A Load?

Elon Musk’s Twitter Files reveals former executives’ abuse of power, trust & safety

Elon Musk’s Twitter Files revealed quite a bit of detail about the former executives’ abuse of power while running the platform. In November, Elon Musk promised to release evidence of Twitter’s suppression of free speech and, on Friday, announced that he would unveil Twitter’s role in suppressing the Hunter Biden ...

View more: Elon Musk’s Twitter Files reveals former executives’ abuse of power, trust & safety

BYD to launch Tang SUV and Han sedan in Mexico in 2023

Chinese electric vehicle company BYD will expand to Mexico next year, aiming to sell its Tang SUV and Han sedan in the market in 2023. BYD’s Zhou Zou said the company plans to sell the two vehicles in Mexico next year as a part of an expansion in portions of ...

View more: BYD to launch Tang SUV and Han sedan in Mexico in 2023

Tesla delivers first Semi trucks – three years late

Tesla boss Elon Musk has handed over the first production versions of its Semi truck at a launch event in the US. It’s been five years since Tesla originally revealed the huge electric HGV, and although production was meant to begin in 2019, the first examples didn’t roll off the ...

View more: Tesla delivers first Semi trucks – three years late

Tesla Sentry Mode gets refined to better detect vehicle break-ins

Tesla Sentry Mode Notifications: Camera-based Detection Tesla Sentry Mode Clip Length Tesla Sentry Mode received two major refinements in a recent Software Update, one of which will help better detect vehicle break-ins by limiting camera-based detection. Sentry Mode utilizes Tesla’s eight external vehicle cameras to record events where bystanders ...

View more: Tesla Sentry Mode gets refined to better detect vehicle break-ins

Tesla's electric truck will be able to travel up to 800km on a single charge

SAN FRANCISCO: Elon Musk is proud of the latest advances for Tesla’s electric truck, and took the time to announce it on Twitter: Semi was able to complete a trip of 800km, with a load of over 36,000kg. That’s about the distance between Chicago and Kansas City or more ...

View more: Tesla's electric truck will be able to travel up to 800km on a single charge

Real-time insurance telematics face privacy barriers in widespread adoption

Real-time insurance telematics is an ideal way for drivers to receive insurance rates based on their driving behaviors. However, a new study from the Insurance Research Council (IRC) shows privacy concerns are still a significant barrier to the widespread adoption of the program. Telematics and usage-based insurance (UBI) programs ...

View more: Real-time insurance telematics face privacy barriers in widespread adoption

Neuralink shares video of monkey telepathically “typing” using virtual keyboard

Over 18 months ago, Neuralink surprised the internet when it posted a video of Pager the monkey playing the video game Pong with his mind. During Neuralink’s Show and Tell Fall 2022 event, Elon Musk revealed that the brain-machine startup had expanded its team of implanted test monkeys. These include Sake the ...

View more: Neuralink shares video of monkey telepathically “typing” using virtual keyboard

Next Honda Sensing 360 to pull ahead of Tesla FSD? World's first L3 autonomous driving to launch in China

Neuralink “confident” implant device is ready for humans, trials estimated within next 6 months

Elon Musk is confident Neuralink will restore vision & full body functionality

Honda Sensing 360 to pull ahead of Tesla FSD? World's first L3 ADAS to launch in China

Elon Musk’s Neuralink highlights its humane efforts for animal testing in new video

Elon Musk to hold live Q&A on Twitter over Hunter Biden suppression story

Elon Musk and Tim Cook resolve “misunderstanding” about Twitter

Tesla’s Elon Musk congratulates Ford for 150k Mustang Mach-E milestone

Let’s talk about the Tesla Semi (again) ...

Ford achieves CEO Jim Farley’s goal of being No. 2 in EVs

U.S. EV incentives face challenge in possible meeting with EU

Tesla Model S Burns To Ground In Pennsylvania

OTHER CAR NEWS

;
Breaking thailand news, thai news, thailand news Verified News Story Network