Tesla(US:TSLA) Guo Ji Jin Rong Bao·2025-11-21 14:17Core Viewpoint - Tesla has initiated a lawsuit against Wuyou Media over a contract dispute related to government subsidies for electric vehicles, marking its 30th similar lawsuit since July 2025, with defendants across various provinces in China [2] Group 1: Legal Actions and Responses - Tesla (Shanghai) Co., Ltd. is suing Hangzhou Wuyou Media Co., Ltd. for a contract dispute, with the court hearing scheduled for November 24 [2] - Wuyou Media claims that Tesla advanced a subsidy of 7,761 yuan for the purchase of a vehicle, which required the vehicle to be driven 20,000 kilometers within two years to qualify for the subsidy [2] - Other companies involved in similar lawsuits have reported that the claims range from 7,000 yuan to 15,000 yuan, with some reaching settlements before court [3] Group 2: Tesla's Financial Performance - Tesla's global revenue for the first half of the year was $41.8 billion, a decline of over 10% compared to $46.8 billion in the same period of 2024, primarily due to weak delivery volumes [4] - In the third quarter, Tesla's revenue was $28.1 billion, a year-on-year increase of 12%, with global vehicle deliveries reaching 497,000 units, up 7.4% year-on-year [4] - However, net profit for the third quarter was $1.77 billion, a 29% decline year-on-year, indicating challenges in profitability despite revenue growth [4] Group 3: Recent Sales Trends - In October, Tesla's sales in China dropped to 26,000 units, a significant decline of 63.64% from September's 71,500 units and a year-on-year decrease of 35.76% [4]