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Tesla China wholesale figures listed at 82,432 units in November 2023

Credit: Tesla Asia/X

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Tesla’s China-made vehicle sales rebounded in November, ending two consecutive months of sequential declines. As per data released by the China Passenger Car Association (CPCA), Tesla China sold 82,432 vehicles in November 2023, an increase of 14.31% compared to October’s 72,115 units. 

It should be noted that Tesla China’s November sales are down 17.81% from the 100,291 units that were sold in the same month last year. November’s results, however, ended the sales decline that was recorded in September and October, which saw dips of 11.98% and 2.64%, respectively.

Overall, it would appear that from the January to November 2023 period, Tesla China was able to sell 853,603 Giga Shanghai-made vehicles, as tracked by CNEV Post. That’s an increase of 30.31% year-over-year. 

While Tesla China’s wholesale figures saw a decline in September and October, this was likely largely due to Giga Shanghai’s transition to the Model 3 Highland. The Tesla Model 3 Highland only started deliveries to the domestic Chinese market in late October. Prior to that, Model 3 Highland units were primarily sent abroad. 

Considering that Tesla China has posted a 14.31% month-over-month improvement in its wholesale numbers, it would suggest that the electric vehicle maker had overcome its initial production challenges with the Model 3 Highland. With this in mind, it would also appear that Giga Shanghai is back on track in its attempt to reach its ambitious sales goals this 2023.

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Tesla’s China factory in Shanghai currently has an annual capacity of over 950,000 vehicles, making it the company’s largest production facility in the world by volume. The plant produces the Model 3 sedan and Model Y crossover, which are not only delivered to local consumers but are also exported to other markets. 

Overall, Tesla is targeting a milestone of 1.8 million vehicles this 2023. Over the past three quarters, Tesla had delivered a total of 1,324,074 vehicles globally. For Tesla to achieve its 1.8 million target, the company would have to deliver at least 475,926 vehicles this fourth quarter. 

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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Tesla Full Self-Driving v14 gets new release date, Elon Musk details

“Last minute bug cropped up with V14. Released is pushed to Monday, but that gives us time to add a few more features.”

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Credit: Tesla

Tesla’s Full Self-Driving version 14 has gotten a new release date after new details from CEO Elon Musk opened up some new perspectives on the suite.

Originally slated for an “early wide release” of v14 this past week, then a launch of v14.1 and v14.2 this week and next week, respectively, delays arose after Tesla’s Autopilot team found some issues within the software.

Tesla FSD V14 set for early wide release next week: Elon Musk

Musk detailed on X this morning that a “last minute bug” appeared before release, which has now pushed FSD v14’s release back to this Monday:

Musk also said the delay would give Tesla the ability to “add a few more features,” which seems like an added advantage, although he did not provide any additional details on what these features could be.

In classic Musk fashion, he has teased the capabilities of this version of the FSD suite since it became public knowledge that Tesla was working on it. He said that it is the second most important update for the AI/Autopilot team since FSD v12.

V14 will have a parameter count that is ten times what previous iterations were, which should provide more accuracy and a more human-like operation.

Musk has said v14 “feels alive” and has used the word “sentient” to describe its performance. The goal with the new FSD rollouts is to eliminate as many interventions as possible, making it as close to human driving as possible.

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Investor's Corner

Tesla just got a weird price target boost from a notable bear

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Credit: Tesla Manufacturing

Tesla stock (NASDAQ: TSLA) just got a weird price target boost from a notable bear just a day after it announced its strongest quarter in terms of vehicle deliveries and energy deployments.

JPMorgan raised its price target on Tesla shares from $115 to $150. It maintained its ‘Underweight’ rating on the stock.

Despite Tesla reporting 497,099 deliveries, about 12 percent above the 443,000 anticipated from the consensus, JPMorgan is still skeptical that the company can keep up its momentum, stating most of its Q3 strength came from leaning on the removal of the $7,500 EV tax credit, which expired on September 30.

Tesla hits record vehicle deliveries and energy deployments in Q3 2025

The firm said Tesla benefited from a “temporary stronger-than-expected industry-wide pull-forward” as the tax credit expired. It is no secret that consumers flocked to the company this past quarter to take advantage of the credit.

The bump will need to be solidified as the start of a continuing trend of strong vehicle deliveries, the firm said in a note to investors. Analysts said that one quarter of strength was “too soon to declare Tesla as having sustainably returned to growth in its core business.”

JPMorgan does not anticipate Tesla having strong showings with vehicle deliveries after Q4.

There are two distinct things that stick out with this note: the first is the lack of recognition of other parts of Tesla’s business, and the confusion that surrounds future quarters.

JPMorgan did not identify Tesla’s strength in autonomy, energy storage, or robotics, with autonomy and robotics being the main focuses of the company’s future. Tesla’s Full Self-Driving and Robotaxi efforts are incredibly relevant and drive more impact moving forward than vehicle deliveries.

Additionally, the confusion surrounding future delivery numbers in quarters past Q3 is evident.

Will Tesla thrive without the EV tax credit? Five reasons why they might

Tesla will receive some assistance from deliveries of vehicles that will reach customers in Q4, but will still qualify for the credit under the IRS’s revised rules. It will also likely introduce an affordable model this quarter, which should have a drastic impact on deliveries depending on pricing.

Tesla shares are trading at $422.40 at 2:35 p.m. on the East Coast.

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Tesla coding shows affordable model details, including potential price

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Credit: @tslaming | X

Coding within Tesla’s website appears to have potentially revealed some details of the affordable model it plans to launch, including its possible price.

Although these details are unconfirmed by the company, recent sightings of the vehicle have sparked significant speculation as to what it will offer.

Tesla said a few months back that it had already successfully built the first few test units of the affordable model. CEO Elon Musk revealed later that it would essentially be a stripped-down version of the Model Y with a handful of changes.

We had our first look at what those changes appear to be, as what is likely the new affordable model was spotted on roads near Gigafactory Texas yesterday. It is a Model Y body with some Model 3 features.

It lacks the light bar that the new Model Y has and instead equips headlights similar to those of the Model 3 “Highland.”

Affordable Tesla Model Y spotted without camouflage near Giga Texas

Other design changes appear to include no glass roof and new wheels. Some rumors have also indicated that Tesla plans to use a cheaper, textile interior, devoid of the flashy features that its other cars are equipped with, including no rear screen, no HEPA system, and manually adjustable second-row air vents.

However, coding within the Tesla website seemed to reveal some pretty significant details about the new affordable model, including its name, which differs from the E41 codename it was given, its price, and a complete list of features.

This was found by Tesla Newswire on X. Here’s what the coding showed for the car. Note that this was found in coding, and is not necessarily confirmation from Tesla regarding what it plans to offer:

  • Name – Model Y Standard
  • Price $39,990
  • Redesigned front fascia
  • Single-part headlights
  • Front bumper camera
  • No glass roof, noted as a “closed glass roof”
  • 18″ Aperture wheels
  • Manually adjustable steering wheel
  • Textile décor
  • 15.4″ front touchscreen
  • No second-row touchscreen
  • Manually adjustable air vents in the second row
  • No HEPA system
  • 75 cu. fu. cargo space

Here’s what the coding looked like:

Many believe these could be the specs and details of the new affordable model, but others think Tesla might be baiting the community. Tesla knows its fans well, and many of them are sharp enough to examine some of the core portions of its website, looking for clues.

The company is well aware that these breadcrumbs will be discovered, and could be putting anything to drive up interest and chatter about what it could release. It certainly seems as if the price tag is a tad high, which tends to push some skepticism about the coding.

However, we’ll take anything we can get at this point. It is important to note that this coding is not a confirmation of details from Tesla.

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