Tesla (TSLA) has reported record third quarter shipments from its Shanghai factory in China, marking a 19% year-over-year increase. Vehicle deliveries have also risen for the third consecutive month in the region. This surge in sales is attributed to a Chinese government subsidy program that incentivizes individuals to trade in their used vehicles for electric vehicles (EVs). Catalysts Co-Hosts Seana Smith and Madison Mills break down the details. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
According to J.D. Power, people who have ridden in robotaxis really like them.
Wall Street analysts are weighing in on what they expect to hear from Tesla at the company’s “We, Robot” event on Thursday night and what the ramifications may be for the company.