A report from China says Tesla is targeting deliveries of about 80,000 to 90,000 vehicles domestically this month, despite insurance data from previous weeks suggesting that Tesla seemed to be having delivery challenges in the country. The report says that shorter waiting times mean scalpers who had bought the cars in hope of a large profit will now be undercut as Tesla customers wait for a possible October price cut. Estimates in China reportedly suggest that Tesla will reduce its Model 3 prices by RMB 20,000 ($2,700) and the Model Y by RMB 28,000 ($3,900). Report:
There is a tradition of price reduction: Historically, Tesla has been ahead of the market regardless of whether the price has been raised or lowered. There is room for price reduction: Tesla’s 22Q2 single-vehicle profit is 8,000+ US dollars, and its 22Q3 single-vehicle net profit hits 13,000 US dollars, equivalent to 80,000 yuan, which is extremely profitable.
$TSLA Giga Shanghai Q3 expecting 80-90k. And the main reason why wait time is now 1-4 weeks or 1-8 weeks because there are lots of scalper who booked earlier and resell it a the large profits. Now these scalper delayed delivery is quite serious. pic.twitter.com/9C2EhKBFgl
— T ⚡️ (@TeslaSg) September 26, 2022