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Tesla Motors, Inc (NASDAQ:TSLA) - How Tesla Overcame Negative Press In China To Post Strong June Sales

Tesla Motors, Inc (NASDAQ:TSLA) - How Tesla Overcame Negative Press In China To Post Strong June Sales
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Tesla China sales demand plunges, adding to headaches after protest; more disappointment for Elon Musk

Bloomberg Tesla Inc.’s growth in China slowed precipitously last month, adding to the company’s headaches after an embarrassing protest at the Shanghai auto show and several headline-generating crashes involving its electric vehicles. In April, 11,949 China-built Teslas were registered in the country, according to data from state-backed China Automotive Information Net. That’s down sharply from a record 34,714 registrations in March. A Shanghai-based Tesla representative said in a WeChat message the sequential decline was linked to a two-week adjustment to an assembly line for the Model Y SUV and increasing export volume. The company is accelerating production to get cars delivered to customers as soon as possible.

Tesla China demand slumps, adding to headaches after protest

Tesla s growth in China has hit a slump following a spate of accidents involving the electric car brand and increasing public scrutiny in the country. Reuters Tesla Inc’s growth in China slowed precipitously last month, adding to the company’s headaches after an embarrassing protest at the Shanghai Auto Show and a run of accidents involving its electric cars. In April, 11,949 China-built Teslas were registered in the country, according to data from state-backed China Automotive Information Net. That’s down sharply from a record 34,714 registrations in March. Separate data released last week showed Tesla sold 25,845 Chinese-made vehicles in April, down from 35,478 units in March, according to China’s Passenger Car Association. Of the April sales, 14,174 EVs were exported, due in part to demand from the European market, PCA said

Tesla s March Sales In China DOUBLED Over The Prior Month And Almost TRIPLED The Prior Period Last Year

Tesla s March Sales In China DOUBLED Over The Prior Month And Almost TRIPLED The Prior Period Last Year Views : 776 | Category: Auto Sales | Source: | SOURCE: www.bloomberg.com SHARE THIS ARTICLE Tesla Inc.’s growth in China is powering on, with registrations of its electric cars rising to a record last month. In March, 34,635 China-built Teslas were registered in the country, according to data from state-backed China Automotive Information Net. That’s almost double the 18,155 registrations in February, when the week long Lunar New Year holiday slowed sales, and almost triple the number a year earlier, when the nation was the in the grip of coronavrius lockdowns.

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