2/ Tesla hasn't delivered this few units since April of last year. GF3 has built up inventory this summer while domestic sales have slumped, though this is offset by GF3 recently adding all of Europe to its production allocation. pic.twitter.com/Hun0jzjVSp

— Snow Bull Capital (@snowbullcapital) August 10, 2021

4/ Fewer cars are being made for China (not just in the first month of the quarter) at GF3 as Tesla focuses more on exporting cars to Europe.

Only 65% of GF3's production has been allotted for cars sold in China this year, by our estimates. pic.twitter.com/896z7CFYbN

— Snow Bull Capital (@snowbullcapital) August 10, 2021

5/ It is no longer the case that Tesla produces more vehicles to be exported in the beginning of the quarter; Tesla produces and ships vehicles for whichever market has the highest demand month-to-month:
1. The quarterly pattern no longer exists.
2. Demand is weakening in China. pic.twitter.com/OtxTLKD5x3

— Snow Bull Capital (@snowbullcapital) August 10, 2021

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