JL Warren Capital

JL Warren Capital LLC is a leading independent equity research firm focused on Chinese companies and listed multinationals in China. We employ a bottom-up research approach that takes great care to avoid the acquisition of material non-public information. Through investigative due diligence including channel surveys and interviews, our research helps clients to pinpoint the dislocations in the market.

Investment Advisors

Tesla, Apple and the Folly of Trying to Dominate Ecosystems

Model S/X Shipment to China and Model 3 Supply Chain Update

Tesla Up 6% on Tuesday Following a Model 3 Surprise

Tesla Q1 Deliveries Undershoot & Model 3 Output Lags

Investment Advisors, JL Warren Capital

Junheng Li

Equity Bottom-Up

<p>According to our tracking of <a href="https://www.smartkarma.com/entities/20279" target="_blank" data-smartkarma-citation="entities:20279:1">Tesla Motors Inc (TSLA US)</a> suppliers in China, ~31K Model 3 central display screens were shipped from China to California assembly between June 2017 – March 2018, among which ~18K were shipped in 2017 and ~13.5K were shipped in Q1 2018.  The supplier suspended the production of display screens last November and December as Tesla pushed out the orders.   Production and monthly shipments the screens resumed in January but did not exceed 4.5k units/month. in Q1, as…</p>

According to our tracking of Tesla Motors Inc (TSLA US) suppliers in China, ~31K Model 3 central display screens were shipped from China to California assembly between June 2017 – March 2018, among which ~18K were shipped in 2017 and ~13.5K were shipped in Q1 2018.  The supplier suspended the production of display screens last November and December as Tesla pushed out the orders.   Production and monthly shipments the screens resumed in January but did not exceed 4.5k units/month. in Q1, as…

Tesla Model 3 Component Orders Remain Choppy in Q2