$TSLA

Have you guys followed the news in China ? Government announced last week it is planning to ban fossil fuel cars - they are allegedly still working on the timeline. BYD, the main electric carmaker in China afaik, and another very succesful Shenzhen company, has been on fire ever since.
Tesla is strong in China as well, especially in cities where Tesla buyers get perks,it must have helped the last few days run up

http://www.aastocks.com/en/stock/detailchart.aspx?symbol=01211&hb=0#GTop

https://techcrunch.com/2017/09/10/china-plans-to-ban-sales-of-fossil-fuel-cars-entirely/
http://www.chinadaily.com.cn/business/motoring/2017-09/11/content_31857842.htm
 
luisHK said:
Have you guys followed the news in China ? Government announced last week it is planning to ban fossil fuel cars - they are allegedly still working on the timeline. BYD, the main electric carmaker in China afaik, and another very succesful Shenzhen company, has been on fire ever since.
Tesla is strong in China as well, especially in cities where Tesla buyers get perks,it must have helped the last few days run up

http://www.aastocks.com/en/stock/detailchart.aspx?symbol=01211&hb=0#GTop

https://techcrunch.com/2017/09/10/china-plans-to-ban-sales-of-fossil-fuel-cars-entirely/
http://www.chinadaily.com.cn/business/motoring/2017-09/11/content_31857842.htm
More...
Wow.
Ya know... lithium is gonna be the new oil.
 
luisHK said:
Tesla is strong in China as well,
More...

That is actually not true. I think they dumped a few thousand cars there unsold, but generally China isn't a big market for them for various reasons. One would be China being too big to build out the charging network and smaller, much cheaper EVs available (or will be soon).
 
https://www.fool.com/investing/2017/03/03/tesla-inc-sales-in-china-more-than-tripled-in-2016.aspx

https://electrek.co/2017/03/03/tesla-triple-sales-china-2016/

Pekelo you might have missed 2016 sales in China. Tesla buyers in several cities with limitations on car purchases (probably over 100 million of the wealthier chinese folks, although rules are still complicated on who is eligible among the city residents) get easier access to license plates on new car purchases.
I spend a lot of time in Shenzhen, which is one of those cities, and in a wealthier districts you can hardly go more than a couple of streets without passing a tesla, often you will find 2 or 3 in a row. Their numbers keep on increasing btw. It might be the same in less wealthy areas of town, but i don't hang out there much.
Byd cars are cheaper and way more prevalent btw, Byd also sells electric taxis, trucks and buses
 
What's happening acrosss the border in Hong Kong is also interesting, there are apparently more Tsla in the streets than in Shenzhen, but sales stopped completely after a large tax break was cancelled, not sure how it has evolved over the last few months:

http://www.businessinsider.com/tesl...g-tax-break-for-electric-cars-scrapped-2017-7

In China at the moment Tsla is posher than BYD and most people who buy a TSLA probably wouldn't drive a BYD, but if BYD gets up in standard and the government decides to favour it more over Tsla, life could become much harder for the american company.
 
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Once the incentive dried up, the Hong Kong sales dropped off the cliff...

There was some speculations that the Chinese megacompany Tencent bought up Teslas before they bought the shares, helping out Elon's bottom line before the earnings report. Gave a huge boost to the stock price so they helped themselves too. This can not be proven (yet) but would have been an interesting and obvious play on their behalf. Later on these cars end up as leases or sold as used cars for much less.

There is an article on SA about this but I am lazy to dig it up...
 
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