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Tesla Reality Check?

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Alexander Lau

Under the Bridge
Feb 11, 2015
2,432
754
First Name
Alex
Tesla’s new discount policy in Beijing draws concerns over legality
http://www.globaltimes.cn/content/1153144.shtml

Tesla announced on Tuesday that it has launched a three-year interest-free financing service for car purchasers in Beijing, while also allowing consumers in the capital to rent license plates for free for up to three years.

However, the new measures have sparked controversy on social media over whether Tesla has the legal authority to conduct a license plate rental business in China. Some netizens suggest that China's transport authorities could investigate this offer in retaliation for the US crackdown on China's technology rise.

In the latest post of Tesla on its official Weibo account, the company said the interest-free service could save consumers 53,000 yuan ($7,673), and the free license plate rental service could save buyers 60,000 yuan.
 

john.quinn

Boss
Dec 2, 2009
999
646
First Name
John
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john.quinn

Boss
Dec 2, 2009
999
646
First Name
John
https://www.yahoo.com/finance/m/fcba6993-c0e9-344e-a53f-b77da49ce4eb/tesla-shares-plunge-after.html

Tesla Shares Plunge After Wider-Than-Expected Q2 Loss, CTO Departure

Tesla said it recorded a loss of $1.12 per share over the three months ending in June, a figure that surprised analysts after the company had announced record deliveries -- including 77,634 units of its flagship Model 3 sedan -- for the period earlier this month. Group revenues also trailed estimates, even as they grew nearly 60% from last year to reach $6.35 billion, but a 1.7% fall in the group's gross margin, which was pegged at 18.6%, indicated that volume and revenue growth won't immediately translate into near-term profits.