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Tesla Now Has Around 30 Percent Spare Capacity at Giga Shanghai, and That Bodes Ill for the EV Giant’s Profitability

NewsTech

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Tesla

Elon Musk was able to work his magic during Tesla's Q1 2024 earnings call, giving the bulls enough ammunition to pull up the beaten-down stock from its 1-year nadir. However, the recent recovery in Tesla shares is likely to be ephemeral if the EV giant is not able to revive the margin-critical demand for its vehicles in China. $TSLANEWS: Tesla China sells 62,167 vehicles in Apr. - 2023 (Jan~Apr) : 305,164 - 2024 (Jan~Apr) : 283,043 pic.twitter.com/4MsIQ7qdAo — Tsla Chan (@Tslachan) May 7, 2024 Today, China's CPCA disclosed that Tesla's insured units for April - a close approximation for the […]

Read full article at https://wccftech.com/tesla-now-has-around-30-percent-spare-capacity-at-giga-shanghai-and-that-bodes-ill-for-the-ev-giants-profitability/

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