The letter is the first indication that Musk intends to appeal the ruling, which the billionaire has criticized on social media, saying he will seek shareholder approval to move Tesla s state of incorporation to Texas, where it has its headquarters.
Tesla Shares: The company reduced starting prices of the Model 3 sedan by 5.9% to 245,900 yuan ($34,300) and marked down the Model Y sport utility vehicle by 2.8% to 258,900 yuan, according to its website.
Tesla: The recall sparked by the discovery of problems with assisted driving functions and door-locking systems will be conducted through remote over-the-air (OTA) updates to the cars software.
Chinese Ev Maker: BYD Co., based in the southern China tech hub of Shenzhen, dethroned Texas-based Tesla Inc. as the top seller of electric cars in the last three months of 2023, according to sales figures released by the companies this week.