Tesla(US:TSLA) Sou Hu Cai Jing·2025-11-26 04:10Core Viewpoint - Tesla's global supply chain strategy is based on strict and objective standards, focusing on quality, total cost, technological maturity, and long-term supply continuity, regardless of the geographical origin of suppliers [1][2]. Group 1: Supply Chain Strategy - Tesla's Vice President, Tao Lin, emphasized that the supplier selection process is consistent across the U.S., China, and Europe, with no exclusion based on the country of origin [1][2]. - The localization rate of parts produced at Tesla's Shanghai Gigafactory for Model 3 and Model Y has exceeded 95%, contributing to competitive pricing in the Chinese market [2]. Group 2: Financial Performance - In Q3, Tesla reported revenues of $28.1 billion, a 12% year-over-year increase, while net profit fell by 29% to $1.77 billion (non-GAAP) [2]. - The core automotive business revenue grew by 6% in Q3, reaching $21.2 billion compared to $20 billion in the same period last year [2]. Group 3: Production and Delivery Data - Tesla's global production in Q3 was 447,400 vehicles, a 4.8% year-over-year decline, while global deliveries reached 497,000 vehicles, a 7.4% increase, surpassing market expectations [4]. - In the Chinese market, Tesla's sales for the first half of 2025 totaled 263,400 vehicles, a decrease of approximately 5.4% compared to the same period last year, but Q3 sales showed a turnaround with 169,200 vehicles sold, a 31% increase from the previous quarter [4].