Tuesday, 18 Jul 2023 1:09 PM MYT SEKINCHAN, July 19 — Chinese automobile manufacturer Geely will invest US$10 billion (RM45.3 billion) to turn Tanjung Malim, Perak, into the region’s largest auto city.
Prime Minister Datuk Seri Anwar Ibrahim said the aspiration, conveyed by the company in a letter to him last night, would create thousands of job opportunities for Malaysians.
not just geely...other China companies, GAC, Changan, SAIC all sell more cars but lower market cap than US listed Nio, Li, X peng.............................................goes to show where it is listed more important than fundamentals.
ev God got clear opinions on world car companies. VW and Toyota the two most indebted companies in the world. Ford is a disaster, GM going bankrupt. smaller car companies stellantis, Mitsubishi, Nissan even worse.
Tesla launched its official Instagram page for its Malaysian branch earlier this month. Tesla Malaysia kicked off car sales on July 7, 2023, with Model Y pre-booking at the starting price of 199,000 ringgit ($44,000). It plans to hold an official unveiling event in Kuala Lumpur on July 20, 2023.2 days ago
According to the Road Transport Department Malaysia (JPJ) Datuk Zailani Hashim, there are more than 10,000 fully-electric vehicles registered in Malaysia as of December 2022.16 Feb 2023
10000 model y in one week is far beyond imagination....but maybe possible.....200,000 ringgit cars a lot of people can buy....and these people live in bungalows.....too bad stay in condo makes no sense to buy ev.
design? model Y design is already outdated...looks very ordinary ..many Chinese EV looks far better more modern than Tesla engineering? specs?............many Chinese EV far better specs, range, charging times.
Tesla Inc.’s profitability shrank in the second quarter, showing the electric-vehicle maker’s industry-leading margins are being squeezed by months of price cuts.
Tesla fell 3.7% in premarket trading. The stock has soared more than 135% this year.
The Elon Musk-led company on Wednesday reported gross margin of 18.2% in the quarter, below the 18.8% Wall Street had expected. Still, Tesla beat earnings and revenue expectations. Its profit, excluding some items, came to 91 cents a share, more than the 81 cents analysts estimated.
Tesla already said it delivered a record 466,140 cars in the period, spurred on by the price reductions that began earlier this year — a response to tighter household budgets and a wave of new EV competitors. Revenue rose 47% to $24.9 billion, Tesla said in a shareholder letter. Analysts had expected the company to generate $24.5 billion in sales.
That’s put the Austin-based carmaker’s profits in tight focus, especially as it pours money into the development of full self-driving software and its first new product in years, the Cybertruck. In addition to price cuts, Tesla also blamed its shrinking margins on the cost of ramping up output of new battery cells, the Cybertruck and other large projects.
“While we continue to execute on innovations to reduce the cost of manufacturing and operations, over time, we expect our hardware-related profits to be accompanied by an acceleration of AI, software and fleet-based profits,” it said in a statement.
The company didn’t break out its automotive margin, a closely watched gauge of Tesla’s profitability which was more than 30% at the start of last year.
Even after months of markdowns, Tesla is still making more cars than it’s selling. The company said global inventory is now 16 days of supply, up from 15 days last quarter and four days a year ago.
The company has has offered customers special perks — like free charging — to move vehicles off the lots.
Analysts have said new models, like the Cybertruck, could help Tesla maintain its extraordinary sales-growth rate. However, the long-awaited truck likely won’t be available in large volumes until next year. The first Cybertruck rolled off the line in Tesla’s Austin factory just recently, the company said over the weekend.
design? model Y design is already outdated...looks very ordinary ..many Chinese EV looks far better more modern than Tesla engineering? specs?............many Chinese EV far better specs, range, charging times.
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Tuesday, 18 Jul 2023 1:09 PM MYT
SEKINCHAN, July 19 — Chinese automobile manufacturer Geely will invest US$10 billion (RM45.3 billion) to turn Tanjung Malim, Perak, into the region’s largest auto city.
Prime Minister Datuk Seri Anwar Ibrahim said the aspiration, conveyed by the company in a letter to him last night, would create thousands of job opportunities for Malaysians.