XIACY - Tesla's China Sales Plunge: Can Musk's Electric Giant Rebound Amid Fierce Competition? | Benzinga
Tesla Inc's (NASDAQ: TSLA) sales of China-made electric vehicles (EVs) declined by 17.8% in November compared to last year, totaling 82,432 cars.
This decrease marks the most significant drop since December 2022, when sales fell by 21% due to reduced production and price cuts in response to rising inventories and weakening demand.
Despite the year-over-year decline, Tesla's deliveries of Model 3 and Model Y in China increased by 14.3% compared to October.
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