Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Nvidia Develops New Location-Verification Technology for AI Chips 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
SK Hynix Shares Surge on Hopes for Upcoming ADR Issuance 
Tesla's delivery centers in China were bustling with activity over the holiday weekend as new incentives and zero-interest loan offers drew large crowds. The Beijing Crab Island Delivery Center, among others, saw a customer surge, highlighting Tesla's continued success in the Chinese market.
Tesla's Beijing Delivery Center Overflows with Customers as Holiday Incentives Boost Sales Activity
Video footage captured a Tesla Delivery Center in China bustling with customers taking deliveries over the weekend. Recent incentives and the holiday bolstered this activity.
On August 10, TslaChan, an X user, shared images and videos from Tesla's Beijing Crab Island Delivery Center, captured during China's Valentine's Day festivities. The center is nearly full of couples and families awaiting delivery on the holiday, as evidenced by the media. This development follows Tesla's recent extension of new incentives and loan offers in the country.
In the photographs and videos, a multitude of individuals are depicted sitting.
Chan observes that the Beijing Crab Island Delivery Center can accommodate over 100 vehicles simultaneously when its entrances are fully stocked. He also shared images of Tesla's Hangzhou Delivery Center on August 10, demonstrating that the lounge areas were similarly crowded with purchasers.
Tesla Sees Record Deliveries in China, Extends Zero-Interest Loan Offer on Model 3 and Model Y
In recent weeks, Tesla has also experienced a surge in delivery volumes in China. The automaker delivered 46,227 vehicles domestically in July from its Gigafactory in Shanghai. The figure is Tesla's most successful first month in a quarter in China, although the company exceeded it in June with 59,261 domestic deliveries to conclude Q2.
Tesla China has recently extended its offer for a five-year, zero-interest loan on Model 3 and Model Y units. The offer will now be available until the end of the month, in addition to the holiday on August 10. The automaker initially extended the offer in late June, and it was scheduled to expire at the end of July.
Tesla's Model Y solidified its position as China's most successful new energy vehicle during the first half of the year. With an impressive 207,817 units sold, the Model Y outperformed the second-best-seller by approximately 30,000. This success is not limited to the local market, as Tesla's Giga Shanghai factory also exports vehicles to neighboring countries, including Australia, New Zealand, and Asia.
