The article says China is flooding global markets with cars, hurting rivals across the world. It also examines why GM and Lear could still thrive.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
TSLAelectric vehiclesChinaexports
Open a keyword to see other news on the same topic.
Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/29/2026 | 403.30 |
| Change that session | -0.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Tesla's Elon Musk Might Have Gone Back on His Word, but It's Working in China
Tesla once pledged to build affordable Model 3 and Y versions at Giga Shanghai for China, but plans changed amid fast-developing local rivals and a brutal price war. In the first three quarters of 2026, Tesla sold 381,088 vehicles in China, down nearly 12% and its weakest domestic retail performance in four years. Exports from Giga Shanghai more than doubled to 361,972 vehicles, rising 20 percentage points to 49% of wholesale and lifting total China wholesale volume nearly 23% to 743,060 vehicles. From April 1, 2027, China's export rebate on new energy vehicles will fall from 13% to 9%, making each Tesla export about 4% less valuable to the company.
- BYD Stock Will Benefit From Exports and Its Focus on Innovation-Driven Growth
- Why China is desperate to ship cars outside of the country
At a Beijing dealership, salesman Li Ke said this autumn's peak car-buying season, known as 'golden September and silver October', has been the slowest of his 26 years on the job apart from the Covid-19 pandemic, with only two to three deals a week now. Buyers are holding back amid an unstable job market, a continued slide in property prices and the government's scaling back of incentives such as cash-for-clunkers subsidies and EV tax breaks. Passenger car retail sales in China reached 13.33 million units through September, down 21.7% from a year earlier, and the China Passenger Car Association expects full-year 2026 sales to fall 22% to 18.5 million vehicles. New-energy vehicle sales fell 12.8% from January through September, while fierce price wars have pushed Chinese carmakers to look overseas; auto manufacturing profits shrank 22.8% in the first nine months, even as overall industrial profits rose 15.5%.
- Economic Watch : China economy sustains growth as innovation , openness gain ground
According to China's National Bureau of Statistics, GDP grew 4.6% in the first three quarters of the year, with third-quarter growth at 4.5% versus 4.3% in the second quarter. The economy added 5.7 trillion yuan (about 851.9 billion U.S. dollars) in output in January–September, the largest rise for that period in five years. International observers said China's resilience, innovation and continued opening up help it navigate global uncertainty, while modern services, the digital economy and high-end manufacturing are emerging as growth drivers. Exports of integrated circuits rose 99.1%, electric vehicles 72.3% and lithium batteries 36.4% in the period. Rhys Roberts, national president of the Australia China Business Council, said the figures give grounds for confidence that China can meet its 4.5 to 5 percent full-year growth target.
- TSLA, CSIQ Stocks In Focus As China Tightens Solar Manufacturing Technology Exports
China has proposed adding 12 photovoltaic technologies to its export-control list, including polysilicon, silicon-wafer and advanced solar-cell manufacturing, with perovskite and tandem cell technologies facing outright export bans while TOPCon, HJT and back-contact technologies face restrictions. Tesla closed 2% lower on Friday and Canadian Solar fell more than 7%. A March Reuters report said Tesla had been in talks to buy about $2.9 billion of Chinese solar manufacturing equipment, and it plans to add 100 GW of US solar capacity by 2028. Canadian Solar's Indiana HJT cell plant, with a first phase of 2.1 GW, is particularly exposed, though Beijing says only technologies meeting specific thresholds are covered. TSLA is down 21% year-to-date and CSIQ is down 59%.
- Tesla-SpaceX Merger Could Face The Biggest Regulatory Risk In China, BofA Warns
Bank of America said a potential Tesla–SpaceX merger could face its biggest regulatory challenge in China, given Tesla's reliance on its Shanghai plant and SpaceX's ties to the US defense industry. Under the all-stock deal BofA described, the Shanghai factory, which makes roughly half of Tesla's global output, would come under a major US defense contractor, raising possible national security concerns. Tesla says the plant has an installed annual capacity above 950,000 vehicles. BofA said it believes Tesla's special committee can likely negotiate a premium, and it kept its 'Buy' rating and $460 price target on Tesla. At the time of writing SPCX was down more than 5% and TSLA 1.8%, with TSLA down 9% in 2026 and SPCX near its $135 IPO price after a sharp sell-off this month.
Related markets
Latest news
- Why gold plunged to its lowest price in a year despite renewed Iran jitters
Safe-haven gold fell to its lowest price in a year. The drop came despite renewed jitters over possible fresh Middle East attacks after the U.S. midterm elections on Tuesday.
- These 3 Big Risks Could Cause the Next Bear Market. I'm Investing Anyway.
The article argues that stocks always carry risk, pointing to the 2022 bear market when the S&P 500 fell about 18% and the Nasdaq-100 about 32% on a total return basis. The author outlines three risks: heavy reliance on AI, as Goldman Sachs research from September found the largest AI hyperscalers had spent about $800 billion in capital expenditures since the start of the year; rising rates, as the Fed hiked in September and the 10-year Treasury yield has risen about 0.92% over the past year; and high valuations, with the CAPE ratio at levels not seen since 2000, just before the dot-com crash. Even so, the author says they will keep investing and buying more stocks through low-cost index funds, noting the S&P 500 has averaged 9.98% annual returns since 1928 and the Vanguard S&P 500 ETF (VOO) about 13.8% a year over the past five years, including 2022.
- Stock Market Today, Oct. 30: Intel Plunges Nearly 29% as Weak Outlook Rattles Wall Street
Intel shares plunged 28.58% to close at $65.76, one of the steepest single-day declines in decades, despite the company beating quarterly earnings expectations. Investors reacted to weak fourth-quarter guidance citing softer PC demand, manufacturing constraints and ongoing turnaround spending. Trading volume reached 447.8 million shares, about 314% above the three-month average of 108.1 million. Intel’s Data Center and AI revenue rose 78% year over year to $7.3 billion, suggesting demand for data center infrastructure remains robust. AMD fell 10.88% to $504.80 and Nvidia dropped 4.22% to $204.64, while the Nasdaq Composite closed at 25,437, down 2.86%.
- Cracks are emerging in the AI spending boom
Investors are growing nervous about AI infrastructure spending, even as Alphabet, Amazon, Meta and Microsoft plan to spend more than $740 billion on capital expenditures this year. The Nasdaq fell 2.9% on Friday, with chip stocks hit hard and Qualcomm down 11%. Alphabet plunged 12% on Thursday, wiping out $500 billion in market value, and reported negative free cash flow of $9.1 billion in the third quarter while expecting to spend up to $205 billion this year, as its Search advertising growth slowed to 12% amid the rollout of AI Mode. Amazon posted negative free cash flow of $42.4 billion over the past 12 months despite 39% AWS growth, and Meta reported negative free cash flow of $2.1 billion in the third quarter even as ad revenue rose 26%. Negative cash flow, mounting debt and doubts about whether these investments will pay off are weighing on market sentiment.
- Binance Hack Shows Why Offshore Exchanges Need US Oversight, CFTC Chair Says
CFTC Chairman Michael Selig told CNBC that the $6.4 billion Binance hack “proves our exact point” for the crypto-market rules the agency proposed this month, arguing offshore exchanges need U.S. oversight. He attributed the flaw to a vulnerability “introduced from someone’s laptop” rather than to Ethereum or its smart contracts, and proposed a “federal option” letting such venues register with the CFTC and meet U.S. cybersecurity standards. Binance, however, said its investigation had found “additional points of breach,” and that the attacker used EIP-7702 to turn a hot wallet into a “sweeper” with 50 pre-signed authorizations. Binance has set aside $6.34 billion to cover losses, while the Secret Service and FBI are investigating, and TRM Labs and Chainalysis have linked the theft to North Korea’s TraderTraitor group.
- Anthropic turns profitable but could go back into losses: Seaport analyst
Seaport Research Partners analyst Jay Goldberg views Anthropic's operating profit of almost $1 billion as likely temporary. He said the company has warned it may be profitable in the next quarter or two before returning to losses, as it shifts from leasing computing capacity by the hour from Amazon to building its own compute, which it considers a key competitive advantage and will spend heavily on. Goldberg described the relationship with Amazon (AMZN) and Google (GOOG, GOOGL) as complex, since Anthropic is both a major customer, with a large share of Amazon's AI revenue coming from it, and a potential competitor. He does not think conclusions about Anthropic can be drawn from this week's tech market moves, citing interest rates and an ongoing war. Anthropic's computing bill is falling quickly, which is good news for now, but that is expected to reverse as it starts buying its own compute.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.