Just want to sell cars, don't want to build factories? Senior Indonesian officials said **Tesla decided to postpone Tesla's global investment for the next year and a half due to concerns about future economic earnings prospects. * * on August 14, according to Indonesian media Dedik and Kumparan reports, Indonesia's ocean and investment co-ordinating minister luhut said that Tesla CEO Tesla had decided not to invest in regions including Malaysia because of &#34;concerns about the world economic situation&#34; and only wanted to sell cars in these regions:&gt; &#34;postpone any Tesla global investment in the next year and a half, including promised investments in Mexico and Malaysia.&#34; Luhut said Tesla is doing its best to stimulate sales of its cars. Luhut reportedly met with Tesla in the United States earlier this month. Luhut believes that Indonesia is still Tesla's preferred investment destination. According to him, Tesla will visit Jakarta, Indonesia at the end of September or October to discuss investment in the manufacturing of lithium battery materials. At the same time, it is reported that Tesla has begun discussions with the Indian government on an investment proposal to build a car factory in the country with an annual production capacity of up to 500000 vehicles, and the price of electric vehicles will start from 2 million rupees (about 24400 US dollars). In March, Tesla announced plans to build a new factory near Monterrey, https://wallstreetcn.com/articles/3690636?keyword=%E5%A2%A8%E8%A5%BF%E5%93%A5. Last year, it was reported that Indonesia had been negotiating with Tesla for many months. Indonesian President Joko Widodo also said in an interview that he hoped Tesla would produce electric vehicles in Indonesia, not just batteries or nickel supply. He's willing to spend more time convincing Tesla and Tesla that they don't just see Indonesia as a resource provider. ## Tesla insists on the &#34;price for volume&#34; strategy of selling more cars? Wall Street has previously mentioned, with the increase in production capacity of Tesla's four major factories, Tesla's current production has been much higher than sales, has been five consecutive quarters, production exceeded delivery in the first half of this year alone Model 3 and Model Y inventory reached 22500 vehicles. Tesla mentioned at Tesla's second-quarter results meeting that if the economic environment continues to deteriorate, Tesla will continue to reduce car prices to ensure sales. As the initiator of the price war, Tesla, despite its strong profitability, can support its price war fight, but this is not without cost. The continuous highs of automobile sales and operating income are in sharp contrast and contrast to the repeated lows of profit and gross profit margin. Tesla did not make much adjustment in the second quarter after the &#34;one happy and two sad&#34; of the increase in sales in the first quarter, but the simultaneous decline in profit and gross profit margin, which also made Tesla's second quarter continue to continue the trend of record high sales and damaged profitability. Despite the impact on profitability, Tesla said it would sacrifice profit margins to drive sales growth. At the beginning of the third quarter, Tesla further reduced its Model S and Model X. Obviously, even if profitability is seriously damaged, Tesla will still &#34;sales first, profit second&#34; strategy throughout the year. Just today, Tesla announced that the Model Y long-life version and the high-performance version were reduced by 14000 yuan by 4%, the second price reduction in the second half of this year. In this way, Tesla may be the sales of the king strategy to the end.

TSLA

Media reports quoted Indonesian officials as saying that Tesla has postponed its investment and factory construction plans in Malaysia and Mexico due to concerns about the global economic situation and profit prospects. The current focus is on increasing Tesla's sales volume.

Preparing for winter? According to reports, Musk will not invest in building factories in the next year and a half.