BYD more than doubled Tesla’s China sales in October as Tesla’s sales slipped on a month-over-month basis, while new energy vehicle (NEV) startups showed . READ MORE
Elon Musk s Tesla has prioritised sales over earnings, particularly in China, where the US EV giant has come under growing pressure from local rivals. Aggressive discounts have battered its margins but failed to boost its market share.
Tesla Shanghai Industrial Park: In a report by Reuters last year, it was disclosed that Tesla was contemplating the closure of several showrooms located in prominent shopping centers within cities such as Beijing.