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Just now! Tesla, speaking out

Market IntelThursday, Nov 28, 2024 5:20 am ET
2min read

【Lead】Tesla's Tao Lin: Now the payment cycle for supply chain companies is only about 90 days

On the afternoon of November 28, Tesla's Vice President Tao Lin released a Weibo post saying: "In 2024, the payment cycle for the company's supply chain companies is further shortened to about 90 days compared to last year."

Tao Lin said that the company can go further and the industry can be more prosperous only by working with suppliers and partners to achieve technological innovation and cost reduction.

Emphasizing the growth of partners

Not responding to whether annual negotiations with suppliers

Tao Lin introduced in her Weibo that 95% of the parts of the Tesla Shanghai Super Factory come from Chinese local suppliers. The achievements of Tesla in China and the world are inseparable from these partners.

Tao Lin has mentioned the data several times. For example, Tao Lin released a Weibo post on September 6, 2023, saying: "95% above domesticization rate, China's manufacturing is going to the world, I am proud to grow with Chinese partners."

Recently, some leading carmakers confirmed annual negotiations with suppliers and proposed a price cut target, attracting market attention.

Regarding the above situation, the reporter interviewed Tesla and asked whether it had annual negotiations with suppliers and whether it had proposed a price cut target, but as of the time of publication, Tesla had not responded.

Emphasizing technological innovation to increase efficiency and reduce costs

Recently launched a new promotion

Tao Lin mentioned in her Weibo that Tesla increases efficiency and reduces costs through technological innovation.

On November 25, Tesla announced a limited-time preferential policy, offering a discount of RMB10,000 on the delivery tail payment for Model Y, and can be combined with a 5-year 0 interest policy.

The above preferential policies apply to Model Y rear-wheel drive and long-range all-wheel drive models, with a duration from November 25 to December 31.

At present, the price of Model Y rear-wheel drive is RMB239,900. If consumers choose a 5-year 0 interest financial plan, the monthly installment is RMB2667.

To achieve the annual sales target for 2024, Tesla has recently launched a series of promotional activities worldwide.

For example, Tesla has launched preferential policies in the US market, offering 3 months of free supercharging and FSD (Full Self-driving) to consumers who take delivery of Tesla by December 31.

In the third quarter of 2024, Tesla delivered about 463,000 electric vehicles worldwide, setting a new quarterly delivery record. In the earnings call, Tesla expects a slight increase in annual deliveries in 2024 and a 20% to 30% year-on-year growth in 2025.

As of the time of publication, Tesla's stock price was US$332.89 per share, with a total market value of US$1.07 trillion.

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Puginator
11/28
$TSLA Just got a text from Elon Musk. His number is 420. 🤷‍♀️🤦‍♀️ $MSFT 12345ABCDE
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abdul10000
11/28
$TSLA Check out the latest update on Tesla's Autopilot software at https://x.com/tesla_optimus/status/1862116407594377698?s=46&t=OoryW0dPfYsDKqfpoQWuJw
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911Sheesh
11/28
$TSLA Tesla (TSLA) is running end-of-year promotions to bolster Model Y sales: https://www.gurufocus.com/news/2618195/tesla-tsla-launches-yearend-promotions-to-boost-model-y-sales
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Medical-Truth-3248
11/28
$TSLA 420🥸 ya turkeys
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caollero
11/28
$TSLA $TSLA FSD v13 is being released to employees. Prepare yourselves!!!!
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zarrasvand
11/28
Holding $TSLA long-term, future looks bright
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joe4942
11/28
90-day cycle, Tesla's supply chain efficiency on 🔥
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MirthandMystery
11/28
90-day payment cycle is tight, but it shows Tesla's confidence in growth. 🚀
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whoisjian
11/28
90-day payment cycle is a game-changer for suppliers. Tesla's efficiency is next level.
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pellosanto
11/28
Model Y discounts, Tesla's sales game strong
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Inevitable-Candy-628
11/28
Techno innovation key, cost reduction is crucial
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GoStockYourself
11/28
Tesla's partnerships are the real MVP. 95% local suppliers in Shanghai is no joke.
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