TSLA
📉 Tesla’s China sales fell nearly 50% year-over-year in February.
⚠️ Intense competition in the Chinese market is impacting Tesla’s market share.
🚗 Deliveries are down for the fifth consecutive month despite government subsidies.
🆚 BYD is significantly outperforming Tesla in sales growth.
@bernardodegarcia:
“Tesla’s vehicle sales manufactured in China fell almost 50% year-on-year in February, as intense competition in the market continues to alter the automaker’s share of the electric vehicle market in China. The carmaker with a plant in Texas sold 30,600 Model 3s and Model Ys manufactured in China, according to data from the China Passenger Car Association. These deliveries fell almost 51.5% from the 63,000-plus units sold in January. Deliveries are now down for the fifth consecutive month compared to last year, despite an increase in Chinese government subsidies to attract more consumers.”
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