Part 3/8:
Shifting focus to Tesla's sales performance, the report noted that Tesla's numbers in China faced a significant drop—down 43.2% quarter-over-quarter. In the same week, a mere 6,900 vehicles were reported sold, which raises concerns amidst a backdrop of declining demand. Year-over-year sales also reflected a worrying trend, with total registrations across the EU down significantly, primarily attributed to ongoing model transitions rather than solely a decrease in consumer interest.
Lumis stressed the misunderstanding in the media regarding Tesla's declining sales, highlighting the impending transition of the Model Y that many publications overlooked. He indicated that patience is crucial as these adjustments take place, and better insights should be expected through Q1 and into Q2.