On October 8, the association released the estimated sales of new energy vehicles in September, and the data showed that Tesla Shanghai Super factory delivered 74,073 electric vehicles in September, and Tesla delivered more than 83,000 vehicles in the same period last year.
In addition, the US price of Tesla Model Y and Model 3 has been lowered again. According to its website, the price of the standard Model 3 sedan is reduced by $1,250, while the Model Y long-life version is $2,000 cheaper.
Despite Tesla's weekly gain of more than 4 percent last week, the market sees the price cut as a reflection of Tesla's potential difficulties in demand, which worries many investors.
Gary Black, managing partner of the Future Fund, said there was no way for Tesla to sugarcoat the situation. He predicted that Tesla would soon need to revise its demand forecast for 2024. Gordon Johnson of GLJ Research, a longtime Tesla bear, said the price cut proves that Tesla's massive delivery delays in the third quarter were not due to any key production line upgrades, but to weak demand.
Tesla announced its third quarter earnings on October 18. According to analysts surveyed by Visible Alpha, Tesla's automotive gross margin for the third quarter is expected to be 19.1 percent, a sharp drop from the record profit margin of more than 32 percent in the first quarter of last year.