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Tesla Inc (NASDAQ:TSLA) has set in motion the plans to expand battery production and lower prices following its battery day event. This is already being seen in a price reduction of the Model 3 in China, along with a switch to new LFP batteries.
Now it seems that customer traffic triggered by the price decrease could be overwhelming Tesla employees in China.
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Wonder how crazy MIC Model 3 sales was on the first day of price cuts. According to a sales rep, all stores were flooded with new orders and store employees hardly had time for meals & communicating with customers. Q4 will be insane. pic.twitter.com/vHN4CsrMor
— RayTesla (@ray4tesla) October 1, 2020
Benzinga's Take: It looks like Tesla is working on an impressive number of deliveries to kick off the fourth quarter.
Tesla is expected to announce third-quarter deliveries in the next few days and is aiming to deliver over 500,000 vehicles in 2020.
Related Links:
Tesla Analyst: China 'Star of the Show,' Automaker Set To Beat Q3 Delivery Forecast
Tesla Slashes China-Made Standard, Long Range Model 3 Prices
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.