News
Tesla stock spikes on China delivery figures, then cools down for no reason
Tesla (NASDAQ: TSLA) stock spiked nearly 3% this morning after positive news from China that effectively debunked rumors of declining sales figures in May. However, the increase in price was short-lived, as the stock dropped back down to the $600 level after opening at $623.01, despite no negative news being reported regarding Tesla this morning.
Earlier today, the Chinese Passenger Car Association (CPCA) reported Tesla delivered a total of 33,463 vehicles in May. Tesla delivered 21,936 domestically after being produced at Tesla’s Giga Shanghai production facility. The remaining 11,527 were exported to other areas, including Europe, where Tesla started shipping vehicles from China in January.
Tesla China sales rise 30% in May, definitively debunks reports of weak demand
The figures released by the CPCA earlier today directly contradict reports from earlier this month, when The Information stated that an internal source familiar with Tesla’s EV sales in China indicated the electric automaker’s orders had slumped significantly in May compared to April. The figures indicated Tesla had only 9,800 orders in May, suggesting a decrease by as much as 50%. The news sent Tesla stock on a steep decline after the report hit mainstream media, who started to aggregate the story as fact.
The report was met with criticism just a few days later by the CPCA’s Secretary General Cui Dongshu, who said (via Global Times):
“Placed orders cannot equal the sales number in one month. Usually, monthly sales are accumulated units of orders over previous months, so the immediate results in May might not truly reflect whether the recently reported accidents have had any real impact on Tesla’s sales.”
Cui suggested that if Tesla were experiencing decreasing order and sales figures, they wouldn’t be identifiable until July or August.
After Tesla shares spiked this morning on the news of the positive delivery figures in China, the surge cooled down. Analyst Gary Black attributed the drop off to two things: Traders buying on the rumor of low delivery figures, and now selling after shares rose when the CPCA released positive news this morning, or the possibility of Bitcoin’s plummet affecting Tesla’s shares.
1/ Traders bought the China rumor; now selling the news.
2/ #btc collapsing again$tsla https://t.co/NQzxzyoQZE— Gary Black (@garyblack00) June 8, 2021
There is a chance that Jerome Guillen, Tesla’s now-former Head of Heavy Trucking, leaving the company could be affecting the price.
Tesla’s rocky road in China
Tesla has had somewhat of a tumultuous relationship in China over the past few months. After growing concerns of security issues due to Tesla’s external cameras, several State-owned businesses and entities banned the company’s cars on their premises in fear of a security breach that could take pictures of potentially sensitive information. Tesla stated that its cabin cameras are not active, and Elon Musk stated that Tesla’s vehicles were not being used to spy on Chinese entities. “If Tesla used cars to spy in China or anywhere, we would get shut down,” Musk said.
In the following months, Tesla would battle numerous reports of brake failures by numerous owners in China. The most public occurrence of this happening was at the Shanghai Auto Show, where a Model 3 owner claimed her brakes failed and led to an accident. Tesla offered to have a third-party company complete testing on the car to determine the cause of the accident. The owner declined this.
Other owners in China have also come out with similar claims, all of them eventually being debunked or disproven in the following days or weeks. In response to the claims, Tesla created a “Special Handling Team” in China to deter and navigate through false narratives related to the company’s products. Tesla said the team would “meet the demands of car owners and strive to satisfy car owners while complying with laws and regulations.”
Tesla Stock
Tesla shares have dropped 14.49% so far in 2021. Interestingly, Tesla has continued its trend of strong financials and delivery and production performances, citing Quarter-over-Quarter growth in both of the company’s Earnings Calls that have taken place this year. In addition, Q1 2021 proved to be Tesla’s biggest quarter yet in terms of production and delivery figures, despite only manufacturing two of its four currently-offered automobiles. The Model S and Model X lines at Tesla’s Fremont production facility were being retooled during the end of 2020 and the beginning of 2021 as the flagship models were being “refreshed.”
At the time of writing, Tesla shares were trading at $601.16.
Disclosure: Joey Klender is a TSLA Shareholder.
News
Tesla China rolls out Model Y L V2L adapter, and it’s free for early owners
Tesla China announced the rollout of the Model Y L’s AC external power adapter on social media platforms such as Weibo.
Tesla China has released a useful new accessory for the Model Y L, and it is free for some owners. With the accessory, the Model Y L effectively becomes a giant power bank that owners can use to power appliances when they are camping, or if their homes are hit by a power outage.
Tesla Model Y L V2L adapter
Tesla China announced the rollout of the Model Y L’s AC external power adapter on social media platforms such as Weibo. As per the product’s advertisement, the Model Y L could provide up to 2,200W of power with its adapter, allowing it to support numerous appliances on the go. Of course, but could also be used to charge devices during power outages.
Tesla China notes that the adapter’s current is 220V, and it also features an IP44 protection grade. Tesla notes that the adapter could operate at temperatures between -30℃ ~ +50℃. The Model Y L’s V2L functionality would not work if the vehicle’s battery is less than 10%, however.
Tesla China’s official shop is selling its AC external power adapter for a reasonable price. The product could be purchased for RMB599, which is equivalent to $85. That’s a great price for an accessory that could make car camping sessions several times more convenient.
Free for early Model Y L owners
While the Model Y L’s AC external power adapter is priced reasonably at the Tesla China shop, the accessory is available for free for early owners of the extended wheelbase six-seat all-electric crossover. This was highlighted in a message that Tesla China reportedly sent to owners of the vehicle.
“Your Tesla account is eligible for a free Model Y L dedicated AC external power adapter. Please log in to the online store to add the adapter to your cart. Once the system verifies it correctly, the price will automatically change to 0 yuan before placing the order. We will send it to you via express delivery subsequently.
“This free qualification is only for the first owner of the Model YL who did not receive an AC external power adapter at pickup, valid until February 28, 2026. Failure to place an order upon expiration will be considered as a waiver of eligibility. If there is a temporary shortage of goods, please be patient and we will reschedule the replenishment by the end of January 2026,” Tesla China wrote.
News
Tesla Cybertruck and Model 3 program manager steps down
The now-former executive played a central role in several of Tesla’s key milestones.
Siddhant Awasthi, Tesla’s Program Manager for the Cybertruck and Model 3, has announced his departure after eight years with the company. Starting as an intern, Awasthi played a central role in several of Tesla’s key milestones, from the ramp-up of the Model 3 and Giga Shanghai to the launch of the long-awaited Cybertruck.
From intern to program leader
In a social media post, Awasthi described leaving Tesla as “one of the hardest decisions” of his life. He credited CEO Elon Musk, Tesla’s leadership team, and his colleagues for helping turn ambitious ideas into tangible vehicles. During his tenure, Awasthi contributed to Tesla’s global expansion and the evolution of its vehicle electronics and wireless systems, culminating in the Cybertruck’s long-anticipated rollout in late 2023.
He noted the intensity and innovation of his Tesla years, calling the experience “a thrilling journey” that shaped his career before the age of 30. “It’s been an absolute privilege,” he wrote, adding that working with “rockstar colleagues” made even the most demanding days worthwhile.
Tesla’s leadership transitions
Awasthi’s departure comes as Tesla continues to scale global operations and prepare for major product updates, including next-gen vehicle platforms and software-driven improvements. Despite stepping away, Awasthi voiced confidence in Tesla’s future. “I’m confident Tesla will nail its next big mission,” he said, highlighting his belief in the company’s capacity to deliver breakthrough products and improve safety for drivers worldwide.
“This decision wasn’t easy, especially with so much exciting growth on the horizon. Tesla vehicles are incredibly complex systems that often don’t get the credit they deserve, but I’ve witnessed firsthand how they’ve changed lives—for our customers, my friends, and my family—adding real value and, above all, improving safety. I’m confident Tesla will nail its next big mission (especially after last week), and I’m truly excited for the next chapter of my life,” the former Tesla executive wrote.
News
Tesla is launching a crazy new Rental program with cheap daily rates
This week, Tesla launched its in-house Rental program that will give people a vehicle for between three to seven days, with prices varying and starting at just $60 per day.
Tesla is launching a crazy new Rental program with cheap daily rates, giving people the opportunity to borrow a vehicle in the company’s lineup with an outrageous number of perks.
This week, Tesla launched its in-house Rental program that will give people a vehicle for between three to seven days, with prices varying and starting at just $60 per day.
However, there are additional perks that make it a really great deal, including Free Supercharging and Free Full Self-Driving (Supervised) for the duration of the rental.
There are no limits on mileage or charging, although the terms do not allow you to leave the state you are renting.
Tesla wrote in an email advertising the program:
“Rent a Tesla and see how it makes every errand, commute, and road trip more fun. While it’s yours, try Full Self-Driving (Supervised) and control and monitor your vehicle with the Tesla app.
Schedule your rental for three to seven days starting at $60 per day (plus taxes and fees) and charge for free at any Tesla-owned Supercharger.
Order your own Tesla within seven days of your rental to get up to a $250 credit toward your purchase.”
This is a great opportunity that will convince MANY people to make the jump.
All your concerns about switching are answered within two days. It’s easier than owning a gas car ever has been. https://t.co/QayTf6YVbw pic.twitter.com/TCHqfTRpes
— TESLARATI (@Teslarati) November 8, 2025
Tesla has long adopted the mentality that butts in seats will sell cars, and for the most part, it is a great strategy. Driving a Tesla is different from owning and driving a combustion engine vehicle; it truly feels as if you are in a car from the past when you get back in an ICE car.
This strategy could be looked at as more of a way for people to experience Tesla ownership than anything.
Although some might use it as a typical rental program that will see it be a cool way to drive without putting miles on a personal car, most will use it as the 48-hour test drive was designed for, which is a short-term way to experience EV ownership.
Tesla is only offering this program at a handful of locations currently, including San Diego and Costa Mesa, California.
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