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If they normally sell more than a thousand a month in South Korea, then 'only one car in January' sounds like a supply constraint. As I recall, they had a slow
by rootusrootus 3y ago
If they normally sell more than a thousand a month in South Korea, then 'only one car in January' sounds like a supply constraint. As I recall, they had a slow month in Australia for that reason.
- tempsy 3y agoThere's no supply constraints for Tesla right now. The article doesn't say anything about supply being the issue.
- bryanlarsen 3y agoThe supply constraint is shipping, not production.
- PedroBatista 3y agoAre you sure the constraint is shipping? That industry is very volatile but I had the impression the boom was 2020 and 2021 when everybody went on a buying spree but governments forgot quite a lot of people need to get out of the house in order to make this work. Also the infrastructure is not elastic to that point. Now my impression was of "excess capacity" and rates going to the ground because the spree is over and inflation is the hangover. Probably it's a bit of everything, including people realizing EVs are far from being a panacea and the math doesn't add up for their finances. The type of people who usually are or follow the early adopters already have an EV, the rest of the market seems to not be that convinced. ( for many valid reasons )
- bryanlarsen 3y agoA ship holds ~6,000 cars. So until Tesla is selling > 6,000 per month, they're going to get less than one ship per month.
- brandonagr2 3y agoIn most months yes, in January no, they sold 0 cars January last year also, the government publishes incentives in Feb for the year, so everyone waits for that before buying
- soco 3y agoOr maybe the article meant North Korea? Then it would be surprising news for completely different reasons. But the Bloomberg title doesn't really match, does it.