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Tesla may be much worse off in China than anyone thought

Premarket stocks: Investors may have misjudged the recovery summer

Tesla s weak sales in China worry investors

Tesla s weak sales in China worry investors CNN 3 days ago By Chris Isidore, CNN Business © Qilai Shen/Bloomberg/Getty Images The Tesla Inc. Gigafactory in this aerial photograph taken in Shanghai, China, on Friday, Dec. 25, 2020. Tesla is coming to the end of its first year selling China-made cars with a commanding position in the world s biggest electric-vehicle market, but Elon Musk shouldn t rest on his laurels. Photographer: Qilai Shen/Bloomberg via Getty Images Tesla s recent run of bad publicity in China is apparently hurting its sales there, raising investor concerns. The electric car leader sold fewer than 26,000 cars in China in April, down 27% from March, according to figures released by the China Passenger Car Association. The drop came as Chinese electric vehicle manufacturers such as Nio, Xpeng, and Li Auto, all reported improved domestic sales.

The latest area of competition between the US and China: Saving the world

The latest area of competition between the US and China: Saving the world With Washington rejoining international efforts against climate change under President Joe Biden, the United States and China now have a new area of competition leading the world in staving off environmental catastrophe. On Wednesday, Biden hosted a virtual two-day climate summit attended by 40 other world leaders, including Chinese leader Xi Jinping, who just three days earlier criticized the US for “bossing others around” at another forum. Relations between the US and China have plummeted rapidly in recent years. But compared with technology, trade, geopolitics, defense and other areas of increasingly intense face-offs, climate change is an issue where decoupling is least likely and allows most room for agreement, cooperation and potentially even joint leadership on the world stage.

The latest area of competition between the US and China: Saving the world

The latest area of competition between the US and China: Saving the world
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