The Tesla brand is becoming very dependent on China
- The Californian brand of battery electric vehicles, Tesla has produced nearly 4.5 million cars worldwide since its creation in 2012 and just over 1.3 million cars in 2022, including 727,000 units in China (which has been the brand's leading producer since 2021), 548,000 units in the United States and 41,000 units in Europe (which just started last year).
- For 2023, Inovev forecasts a global production of 1.65 million Tesla cars, broken down as follows: 843,000 units in China, 656,000 units in the United States and 150,000 units in Europe.
- China will remain the brand's leading producer this year, although some of the cars that were exported to Europe will no longer be, because Tesla has decided to produce in Europe most of the Model Y sold in Europe. A good part of the Tesla models sold in Europe came from China in 2022 and all of them in 2021, when production in Europe had not started.
- Under these conditions, Tesla depends a lot on China, and the construction of a Tesla factory in Mexico can be interpreted, among other things, as a desire to depend less on China.
- In terms of sales, it is interesting to note that in 2022 Tesla's leading market remains the United States ahead of China, but in 2023, we should see these two countries buying as many Teslas. Europe is the third market for the Californian brand, buying half as many Tesla cars as China or the United States in 2022, but the year 2023 should see the gap between the three countries narrow. Canada is Tesla's fourth largest market.