TSLA puts?
Actually I did exactly that a couple of weeks ago to protect some gains. It’s worked out pretty good so far.
TSLA is down about 20% since then.
Distrust of Tesla grows in China as state bans EVs from government areas, report says (May 24, 2021)
Tesla has some control in China because many of the vehicles built at the Shanghai Giga plant are sold outside China. If China kills Tesla, China kills the Giga plant.
From Bing ChatGPT (Searching for: tesla sales in china by year):
According to my sources, Tesla’s sales in China have been growing rapidly in recent years. In 2020, Tesla’s sales in China more than doubled, reaching $6.66 billion, which accounted for about a fifth of the company’s total sales1. In 2021, Tesla achieved a new record of sales in China, with almost half of its record year of production and deliveries coming from Gigafactory Shanghai2.The China Passenger Car Association (CPCA) released its numbers early on Tuesday and showed that Tesla sold 70,847 China-made vehicles in December – a new record2. These new 70,847 units add up to now a total of 473,078 vehicles coming from China or sold in China for Tesla in 20212. That’s roughly half of the 936,000 electric vehicles delivered by Tesla last year2. About 160,000 of those 473,000 vehicles were exported to markets outside of China2.
In November 2022, Tesla’s wholesale shipments exceeded 655,000 (up 63% year-over-year), including over 255,000 during the past three months3. If Tesla is able to maintain the rate of 100,000 units per month, the Giga Shanghai annual production rate would amount to 1.2 million units3.