“Tesla’s China-made EV sales fall 18% in April; shares slip”
May 9, 2024
“U.S. automaker Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, lagging the broader market’s surge, China Passenger Car Association (CPCA) data showed on Tuesday.
Tesla shares fell 3.8% on Tuesday, amid concerns about softening demand for Tesla EVs and an intensifying price war, especially against Chinese rivals.
Tesla’s China-made cars, which accounted for over half the automaker’s global deliveries last year, are also exported to various markets including Europe and the CPCA didn’t provide a breakdown of Tesla exports by destination. Tuesday’s numbers are a prelude of full data for April due out later this week…”
https://finance.yahoo.com/news/teslas-china-made-ev-sales-085026821.html