Recently Tesla’s sales in China and Turkey have gone very well. The company, which is the leader in the electric car industry, still has the power to amaze the doubters and to get a grip on the markets abroad. The strong brand appeal of Tesla all over the world is the reason for the surge in deliveries for the month of August, although the company is facing some difficulties in Europe and India.
Still, the unpredictability of the stock is a reminder that strong sales figures are not enough to protect Tesla against economic conditions imposed from the outside world such as inflation, hikes of interest rates, and the roughness of demand.
China’s Tesla sales in August, which is up 22.5% month over month, demonstrated that the company still has its biggest growth engine running. Besides that, Model Y sales in Turkey rose by 86% which means Tesla is now the second brand with the highest number of sales in the country. This fact alone is a great indication that many emerging markets and territories are still unexplored.
However, the company is facing some difficulties in Europe, which continues to hamper its performance, and the situation in India is not any better either, as it reflects how hard it is to achieve a stable and scalable performance across all the different regions.
Tesla is a company that keeps making amazing news and will probably keep doing so if their ambitions keep as far as Mars, still their stocks are not telling the same story. The decision that investors have to make is that should they believe the story of growth worldwide or should they listen to the cautions given by the risk of overvaluation and the macroeconomic trend?
At this moment, Tesla appears to be an enterprise succeeding in every aspect of innovation and gaining considerable market share, nevertheless, the stocks are still a challenge for those with patience, faith, and the risk tolerance to keep holding on.
Tesla (NASDAQ:TSLA) stock gained ground on Wednesday and early Thursday trading after the company posted strong sales momentum in key international markets. Shares climbed as much as 1.5% on Wednesday and about 1.3% on early Thursday. In China, Tesla delivered 83,192 vehicles in August, a 22.5% jump from July and its best wholesale month of the year. The automaker also reported a surge in Turkey, where it sold 8,730 Model Y units, an 86% increase from the previous month, making Tesla the country’s second-best-selling auto brand. These bright spots appeared to outweigh softer results in India and ongoing declines across several European markets.
