Sales of Electric Vehicles Surge in South America — Excluding Tesla
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 17 2025
0mins
Source: Reuters
Growth of Electric Vehicles in Peru: The electric vehicle (EV) market in Peru is expanding, with sales of hybrid and electric vehicles increasing by 44% year-on-year, driven by the influx of affordable Chinese models and the establishment of local charging infrastructure.
Chinese Manufacturers' Influence: Chinese carmakers like BYD and Geely are significantly increasing their presence in South America, capitalizing on lower prices and local partnerships, which has led to a rise in their market share across various countries, including Chile and Uruguay.
Regional Distribution Hub Development: The Port of Chancay in Peru has become a key distribution hub for Chinese vehicles, facilitating faster shipping times and enabling the export of cars to neighboring countries like Chile and Ecuador.
Challenges to EV Adoption: Despite the growth in EV sales, challenges such as long distances, uneven charging networks, and economic barriers remain, which could hinder broader adoption of electric vehicles in South America.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSLA is 401.93 USD with a low forecast of 25.28 USD and a high forecast of 600.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 397.210
Low
25.28
Averages
401.93
High
600.00
Current: 397.210
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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