Automundo China

While long-term investors appear to see substantial upside for Tesla from a Trump presidency, we’d be much more circumspect about Tesla stock at current levels.

Tesla China saw 16,700 new vehicle registrations in the week of November 18-24, 2024, a 2.34% decrease from the previous week's 17,100.

Tesla has over 400 local tier-1 suppliers signed up in China, more than 60 of which are in its global supply chain system, according to local media.

The brand's profits have tumbled to below a billion euros for the first time in at least 10 quarters

Li Auto had 11,600 insurance registrations last week, Xpeng 7,200, Zeekr 6,200, Leapmotor 9,100 and Aito 7,500.

Tesla plans to launch its Full Self-Driving (FSD) technology in China by early 2025, though regulatory approval remains uncertain. Domestic automakers are intensifying efforts to showcase their tech, with Xiaomi demonstrating automated parking on its SU7 EV. However, reports of parking mishaps have surfaced, prompting Xiaomi to cover repairs and offer compensation, though the actual number of incidents is unclear amid fierce market competition.

These cosy relationships may be challenged during the second Trump term due to changing market conditions and deteriorating US-China ties.

I let my thoughts on last week's 2024 Los Angeles Auto Show press day marinate over the long flight home and throughout the weekend.Here's my take on a weird (in a mostly good way) media day last week in LA.