Tesla Stumbles In China As Local Market Favors Home Grown Competitor

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Tesla sold 64,285 China-made electric vehicles for the month of July, down 31% from the month prior, according to data from the China Passenger Car Association, reported by Reuters.  The number is the lowest Tesla has posted so far this year in China.  Sequentially, the numbers were lower but year-over-year, thanks to the benefit of a 2022 Shanghai shutdown for production line improvements, sales of the Model Y and Model 3 were actually up 128%. One of Tesla’s largest competitors in China, BYD, posted 261,105 EV sales in July, up…      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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