Phate Zhang

"We expect a somewhat messy quarter due to accelerated phase-out of the Li ONE materially hurting margins," Deutsche Bank analyst Edison Yu's team said.

Zhu was in Austin this week and brought some of his engineering team from China to help oversee the Giga Texas ramp-up, according to Bloomberg.

Feel the Light!

Zhu's Tesla CEO position will be global, but the scope of responsibility may be limited to the automotive business and not include self-driving and robotics programs, according to Chinese media.

The model could be the first electric SUV from VW's Spanish sports brand Cupra -- the Tavascan -- and is expected to go into production in the second half of 2023.

As Tesla's insurance subsidy for Chinese consumers buying inventory cars was halved in December, it's offering new discounts to spur demand.

Nio at 3,141, Li Auto at 4,228 and Xpeng at 1,962 for the week. As a comparison, their numbers in the previous week were 3,759, 4,364 and 1,466 respectively.

There are no major concerns about Xpeng regarding liquidity in the near term and there is still time to win back market share, according to Edison Yu's team.

Demand in China's NEV market has held steady amid high international oil prices, the CPCA said.

This represents an 89.73 percent increase over the 52,859 vehicles sold in the same month last year and a 39.87 percent increase over the 71,704 vehicles sold in October.