Tesla loses crown as world’s favourite electric car maker
11 months, 3 weeks ago

Tesla loses crown as world’s favourite electric car maker

The Telegraph  

BYD, which has pledged to “demolish” Western incumbents, has recently expanded beyond China by selling cars in the UK and Europe. The company had already overtaken Tesla in total sales, which include plug-in hybrid cars. Tesla’s delivery numbers last year were only slightly higher than market expectations of around 483,200 cars. Tesla has embarked on a price war to boost sales as rising interest rates increase financing costs and tighter rules around US subsidies threaten to make electric cars less affordable. It comes despite the EU opening an investigation into what it called a “flood” of cheap Chinese electric cars boosted by state subsidies.

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History of this topic

Honda, Nissan deal could be important for a comeback against China’s BYD
5 hours, 8 minutes ago

Honda, Nissan deal could be important for a comeback against China’s BYD

Hindustan Times  

A Honda Motor Co. and Nissan Motor Co. combination could give the two struggling Japanese brands the scale to take on China’s BYD Co., sales figures released Wednesday show. China’s biggest automaker BYD sold 3.76 million vehicles over the same period, a clear illustration of how weak Nissan and Honda are alone, but how together, they may stand a fighting …

British car production plunges to its lowest level in more than four decades - as automakers struggle to deal with falling demand
5 days, 15 hours ago

British car production plunges to its lowest level in more than four decades - as automakers struggle to deal with falling demand

Daily Mail  

British car production has plunged to its lowest level in more than 40 years as automakers struggle to deal with falling demand. Around 64,216 new cars rolled off UK production lines last month, down 30 per cent from last year, according to industry body the Society of Motor Manufacturers and Traders. So far this year, car production is down nearly …

Not only Volkswagen and Nissan, automakers world over are struggling after a rewarding pandemic
1 week, 2 days ago

Not only Volkswagen and Nissan, automakers world over are struggling after a rewarding pandemic

Firstpost  

A few years ago, automakers were celebrating record profits as the pandemic caused new car shortages, allowing them to raise prices. Now, the industry is facing a harsh reality, according to a report A few years ago, automakers were celebrating record profits as the pandemic caused new car shortages, allowing them to raise prices. Competition from China is “starting to …

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China
2 weeks, 2 days ago

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China

Firstpost  

By the end of November, BYD had already delivered 3.76 million vehicles, including over 500,000 units in November alone, putting it on track to surpass its 4 million sales goal for the year The robust performance in China—where over 90 per cent of BYD’s sales occur—places the company ahead of Honda and Ford in global rankings for 2024. Image Credit: …

BYD prepares to go for the kill in Chinese EV market, leaked letter shows plans to intensify price war
3 weeks, 6 days ago

BYD prepares to go for the kill in Chinese EV market, leaked letter shows plans to intensify price war

Firstpost  

BYD’s aggressive pricing strategy appears to be paying off — the Chinese EV maker recently overtook Tesla in revenue for the first time, reporting a gross margin of 21.9 per cent, its highest in a year Unlike some of its rivals, BYD has not only weathered the price war but emerged stronger. The leaked email highlights BYD’s readiness to further …

China’s EV price war is so brutal that BYD is trying to pinch its suppliers
3 weeks, 6 days ago

China’s EV price war is so brutal that BYD is trying to pinch its suppliers

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — China’s top maker of electric vehicles wants to pay a lot less for car parts in the new year, a demand that signals there is no end in sight …

The withering dream of a cheap American electric car
1 month, 1 week ago

The withering dream of a cheap American electric car

Live Mint  

The dream of a $25,000 electric vehicle for U.S. drivers is in trouble. Musk isn’t alone in taking a sour view of making a cheap EV for the U.S. “That market sucks,” Peter Rawlinson, chief executive of Lucid Motors, told me and my colleague Christopher Mims for our new podcast, called “Bold Names.” Lucid which has begun taking orders for …

Tesla shares soar 14% as Trump win sets stage for Elon Musk's electric vehicle company
1 month, 2 weeks ago

Tesla shares soar 14% as Trump win sets stage for Elon Musk's electric vehicle company

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Chinese EV maker BYD’s revenue beats Tesla for first time
1 month, 3 weeks ago

Chinese EV maker BYD’s revenue beats Tesla for first time

CNN  

Beijing — Chinese electric vehicle maker BYD posted an 11.5% rise in third-quarter net profit on Wednesday as it maintained strong sales momentum helped by government trade-in incentives. With third-quarter revenue up 24% on year to 201.1 billion yuan, BYD’s quarterly revenue for the first time outpaced Tesla, whose revenue for the July-September quarter reached $25.2 billion. BYD, whose cars …

Tesla suffers first drop in UK sales since 2013
2 months, 1 week ago

Tesla suffers first drop in UK sales since 2013

The Telegraph  

Tesla’s UK revenues have fallen for the first time in more than a decade as Elon Musk’s electric car company grapples with a slowdown in demand. The drop in sales brings the company’s recent momentum to a halt in the UK, where it has enjoyed constant sales growth since 2013. Mr Musk’s business is also facing questions about its ageing …

The wheels have come off Britain’s car industry – here’s how to get it back on the road
3 months, 2 weeks ago

The wheels have come off Britain’s car industry – here’s how to get it back on the road

The Independent  

Ask anyone involved in the British motor industry or the car trade what their biggest challenges have been over the past few years and for most, three words will immediately come to mind: Brexit. As Nowak points out, the “reset” could “ease pressures on supply chains, which is really important in sectors like automotive and aerospace … Because nobody builds …

Glory days for automakers like Ford, General Motors in China are over
3 months, 3 weeks ago

Glory days for automakers like Ford, General Motors in China are over

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. The rapid rise of China’s homegrown electric vehicle makers, such as BYD and Xpeng, is upending the largest passenger car market on the planet and leaving the world’s biggest carmakers on the losing …

Chinese EV giant BYD posts 24.4% rise in profit
3 months, 3 weeks ago

Chinese EV giant BYD posts 24.4% rise in profit

Hindustan Times  

Leading Chinese automaker BYD posted on Wednesday a 24.4 percent rise in net profit for the first half of 2024, boosted by continuing strong demand for electric cars in its home and overseas markets. Chinese EV giant BYD posts 24.4% rise in profit The company posted a net profit of $1.91 billion in the January-June period, up from $1.54 billion …

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed
4 months, 1 week ago

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed

Associated Press  

HANOI, Vietnam — In April 2016, Elon Musk invited Indians to preorder the upcoming Tesla Model 3. To woo automakers like Tesla while also protecting domestic carmakers like Mahindra and Maruti Suzuki, India reduced its import duties to 15% from 70%-100% in March 2024 for EVs cheaper than $35,000 — as long the automaker commits to building a factory in …

Tesla cancels factory plan in ASEAN
4 months, 1 week ago

Tesla cancels factory plan in ASEAN

China Daily  

Potential car buyers seen at a Tesla showroom in Shanghai. Quoting an anonymous official source, the Nation said last week that Tesla had pulled out the team overseeing the project late last year. While the ASEAN region has the potential for a vibrant EV market, it is currently dominated by Chinese companies have a strong grip on the sector and …

Tesla cancels factory plan in ASEAN
4 months, 1 week ago

Tesla cancels factory plan in ASEAN

China Daily  

Potential car buyers seen at a Tesla showroom in Shanghai. Quoting an anonymous official source, the Nation said last week that Tesla had pulled out the team overseeing the project late last year. While the ASEAN region has the potential for a vibrant EV market, it is currently dominated by Chinese companies have a strong grip on the sector and …

Electric cars: EV sales are slumping—but that doesn’t mean they're dead.
5 months, 1 week ago

Electric cars: EV sales are slumping—but that doesn’t mean they're dead.

Slate  

It’s tough to gauge how well the United States’ burgeoning electric vehicle industry is faring in 2024. EV ownership is increasingly politicized, in both directions—liberals horrified by Elon Musk’s far-right turn are fueling the Tesla sales slump, while right-wingers fearmonger over foreign EV companies and want to get electric cars off the road altogether. You can see this in the …

Tesla shares rally over 10% as quarterly deliveries beat estimates
5 months, 3 weeks ago

Tesla shares rally over 10% as quarterly deliveries beat estimates

Hindustan Times  

Tesla's global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company's products and electric vehicles overall. For the first half of the year, Tesla sold 830,766 electric vehicles worldwide, handily beating China's BYD, which sold 726,153 EVs. Tesla also sold over 33,000 more vehicles during the second …

Tesla sales fall in Q2 despite price cuts
5 months, 3 weeks ago

Tesla sales fall in Q2 despite price cuts

Associated Press  

DETROIT — Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company’s products and electric vehicles overall. AP AUDIO: Tesla sales fall for second straight quarter despite price cuts, but decline not as bad as expected AP correspondent Tom Krisher reports Tesla sale numbers may be …

Electric car sales tumble across Europe as demand plummets in Germany
6 months ago

Electric car sales tumble across Europe as demand plummets in Germany

The Telegraph  

Sales of electric vehicles plunged across Europe last month, fuelled by a sharp drop-off in demand in Germany. Official figures show that sales for new EVs fell by 30pc in Germany last month, which led to a broader fall of 12.5pc across the Continent. The European Commission unveiled a raft of new trade tariffs of up to 48pc on EVs, …

Tesla to raise prices in wake of EU crackdown on Chinese electric cars
6 months, 1 week ago

Tesla to raise prices in wake of EU crackdown on Chinese electric cars

The Telegraph  

Tesla has warned it will be forced to raise prices in European Union countries after Brussels announced a raft of new trade tariffs on electric cars imported from China. The warning referenced the decision by the European Commission on Wednesday to propose extra duties of between 17pc and 38pc on Chinese-made electric vehicles that are imported to the Continent. The …

The brutal truth about the West’s war on Chinese electric cars
6 months, 1 week ago

The brutal truth about the West’s war on Chinese electric cars

The Telegraph  

Which companies will be hit the hardest by the European Union’s crackdown on Chinese electric vehicles? Western manufacturers such as Tesla and BMW – which make cars in China and then ship them to Europe – risk being the biggest losers from the EU’s tough new tariffs crackdown on EV imports. At least, that’s the counter-intuitive conclusion being drawn by …

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry
6 months, 1 week ago

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry

Associated Press  

FRANKFURT, Germany — The European Union moved Wednesday to hike tariffs, or import taxes, on electric vehicles made in China. The European Commission, the EU’s executive arm, said the preliminary results of its ongoing investigation into Chinese EV subsidies show that the country’s battery electric vehicle “value chain” benefits from “unfair subsidization” that hurts EU rivals. The commission took aim …

China's new-energy sector draws interest of global investors
7 months ago

China's new-energy sector draws interest of global investors

China Daily  

Tesla showcases its charging piles and electric vehicles at the 2023 Consumer Technology and Innovation Show on May 30 in Shanghai. Experts said China's fast-growing green technologies and its thriving new-energy market have heightened the country's magnetism for foreign investors, particularly auto firms keen on turbocharging the electrification trend. "The influx of investments by international carmakers has shed light on …

Tesla clears hurdles in China's electric vehicle market
7 months, 2 weeks ago

Tesla clears hurdles in China's electric vehicle market

China Daily  

A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China on Jan 7, 2019. For Tesla, "it's a good thing, because it's one more domino knocked down, in order for them to be able to potentially get the data from those cars out to America," Mark Rainford, an influencer in the automotive industry and …

Tesla’s China-made EV sales fall 18% year on year in April
7 months, 2 weeks ago

Tesla’s China-made EV sales fall 18% year on year in April

The Hindu  

U.S. automaker Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, China Passenger Car Association data showed on May 7. China's new-energy vehicle sales including battery-powered EVs and plug-in hybrids were estimated to hit 8,00,000 units in April, up 33% on the year and a 2% drop from the month before, according to CPCA data. …

Tesla CEO Musk visits China as competitors show off new electric vehicles at Beijing auto show
7 months, 3 weeks ago

Tesla CEO Musk visits China as competitors show off new electric vehicles at Beijing auto show

Associated Press  

BEIJING — Tesla CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show. Chinese Premier Li Qiang told Musk that he hopes the U.S. will work more with China on “win-win” cooperation, citing Tesla’s operations in China as …

How Beijing buried Western industry under a wave of cheap electric cars
8 months ago

How Beijing buried Western industry under a wave of cheap electric cars

The Telegraph  

China’s EV industry is benefiting from low labour costs, economies of scale from a large home market and a command economy that made battery and EV production a focus of China’s five-year plan introduced in 2021. BYD, which last year briefly eclipsed Tesla as the world’s biggest EV maker, plans to start production in Thailand this year with an annual …

Tesla cuts prices amid global challenges
8 months ago

Tesla cuts prices amid global challenges

China Daily  

This file photo taken on Jan 12, 2018, shows a Tesla logo seen in Los Angeles, California, the US. The world's largest EV maker by volume, which is owned by the technology billionaire Elon Musk, said it would reduce prices in all of its major markets, which include the US, Germany, and China. The Chinese smartphone maker Xiaomi has also …

Tesla shares tumble below $150 per share, giving up all gains made over the past year
8 months ago

Tesla shares tumble below $150 per share, giving up all gains made over the past year

Associated Press  

Tesla’s stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers. Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. Dan Ives, …

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn
8 months, 1 week ago

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn

Live Mint  

Tesla share price extended fall for 2024, pushing its market valuation briefly below $500 billion amid a round of job cuts this week underscoring that the company’s growth has slowed. Tesla shares have not closed with a market value under $500 billion since late April last year and stayed narrowly above the mark as of Tuesday’s close, Bloomberg News reported. …

Is the global EV bubble bursting? As global demand starts to slow, share prices tank and Tesla cuts 10% of the workforce....are car giants ready to slam the brakes on electric revolution?
8 months, 1 week ago

Is the global EV bubble bursting? As global demand starts to slow, share prices tank and Tesla cuts 10% of the workforce....are car giants ready to slam the brakes on electric revolution?

Daily Mail  

Elon Musk's announcement that Tesla will lay off ten percent of its workforce shocked many but it may be inline with figures that suggest the global demand for electronic vehicles is slumping across the world. In the first quarter of 2024, the two biggest manufacturers of electronic vehicles, Tesla and its Chinese rival BYD reported dramatic sales drops compared against …

Tesla to cut more than 10% of global workforce
8 months, 1 week ago

Tesla to cut more than 10% of global workforce

China Daily  

Tesla, facing increasing competition and declining sales of its electric vehicles, said Monday that it would lay off more than 10 percent of its global workforce to cut costs. "As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity," Tesla CEO …

Volkswagen sees strong growth of cars delivery in China: FT
8 months, 2 weeks ago

Volkswagen sees strong growth of cars delivery in China: FT

China Daily  

A Volkswagen car is on display during an expo in Shanghai. BRUSSELS - German carmaker Volkswagen recorded an unexpectedly strong growth in its deliveries of electric and combustion engine cars in China in the first quarter, against a sharp drop for electric vehicles in Europe, reported Financial Times. "Volkswagen Group China's e-offensive is taking effect," the report quoted Volkswagen China …

Tesla reports drop in auto sales, while Toyota sees US surge
8 months, 3 weeks ago

Tesla reports drop in auto sales, while Toyota sees US surge

Hindustan Times  

Tesla reported sharply lower first-quarter auto sales on Tuesday amid an underwhelming demand outlook for electric vehicles, while legacy players including Toyota rode improved US inventories to higher sales. Elon Musk's auto giant reported 386,810 global deliveries over the period, down 8.5 percent, reflecting in part a weak sales market in China, where it faces heavy competition from local electric …

Tesla sales tumble nearly 9%, most in 4 years, as competition heats up and demand for EVs slows
8 months, 3 weeks ago

Tesla sales tumble nearly 9%, most in 4 years, as competition heats up and demand for EVs slows

Associated Press  

DETROIT — Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to lure more buyers. But TD Cowen Analyst Jeffrey Osborne wrote in a note to investors that weaker March sales indicate that incentives, including discounts and a free trial of “Full Self Driving” software, “did not work as demand …

Tesla sales fall short of estimates in first drop since 2020
8 months, 3 weeks ago

Tesla sales fall short of estimates in first drop since 2020

LA Times  

Tesla sales fell short of estimates in the first three months of this year. Tesla Inc. suffered its first year-over-year sales drop since the early days of the COVID-19 pandemic. Wall Street had rapidly lowered projections for the Austin-based company’s deliveries as the first quarter came to a close, including some analysts who correctly predicted that the tally would come …

Why Tesla’s electric car bubble is threatening to burst
8 months, 3 weeks ago

Why Tesla’s electric car bubble is threatening to burst

The Telegraph  

The drop, the first since 2020, was far below even the most gloomy expectations of investment analysts. The company blamed the tough start to the year on teething problems with the production of its updated Model 3 at its Californian factory and “factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory …

BYD’s rise challenges Tesla—and its valuation
8 months, 3 weeks ago

BYD’s rise challenges Tesla—and its valuation

Live Mint  

BYD and Tesla, the world’s top two electric-vehicle makers, have a lot in common these days—except in terms of market value, where the U.S. company is roughly seven times as big. BYD’s Hong Kong-listed shares fell 6% Wednesday following the publication of its annual report, giving it a market value equivalent to roughly $86 billion, or 15 times forward earnings. …

Apple, Tesla love affair with China ending as sales decline after users are told to shun Western products
9 months, 2 weeks ago

Apple, Tesla love affair with China ending as sales decline after users are told to shun Western products

Hindustan Times  

Tesla and Apple may lose millions of customers in China as the country is urging people to choose domestic products over Western technology. Tesla's Chinese competitor BYD recently overtook the Elon Musk company in worldwide sales of electric vehicles. At China’s annual Communist Party, Zhan Wenlong, a nuclear physicist and party delegate, told the outlet, “For people coming here, they …

EVs were once luxury vehicles. Now, they're for every driver
9 months, 2 weeks ago

EVs were once luxury vehicles. Now, they're for every driver

BBC  

EVs were once luxury vehicles. Tesla may have elevated the perception of EV through splashy, luxury vehicles – but today, many North American drivers hungry to adopt EVs amid a growing market aren't looking for a status symbol. But even though Tesla dominated the market share and became synonymous with EVs, something else was happening in the background: other automakers …

Detroit may be making the same mistake on EVs that it made with Japane
10 months ago

Detroit may be making the same mistake on EVs that it made with Japane

Live Mint  

Once upon a time, Japanese cars were seen as exotic vehicles that could never take on the might of Ford and General Motors. “Corolla, New Economy Car, Is Shown Here by Toyota," the New York Times yawned in a 1968 headline, introducing history’s best-selling automobile to the US market. With designers focused on large, powerful gas-guzzlers that earned better margins …

What is BYD? How a battery maker beat Tesla to become the world's largest EV company
10 months, 1 week ago

What is BYD? How a battery maker beat Tesla to become the world's largest EV company

ABC  

This is the story of a young company that took a risky bet on electric vehicles and grew into a giant. The company is the Chinese car maker BYD, which recently overtook Tesla as the world's largest EV company. "In the EV space, the only two players that have any scale are Tesla and BYD," Mr Le says. Late last …

Tesla Vs BYD: CEO Elon Musk warns of fierce competition from Chinese automakers
10 months, 4 weeks ago

Tesla Vs BYD: CEO Elon Musk warns of fierce competition from Chinese automakers

Live Mint  

Tesla CEO Elon Musk stated on January 24 that the "Chinese automakers will 'demolish' global rivals without trade barriers," underscoring the intense competition faced by the US electric vehicle market leader from companies like BYD, which are aggressively expanding worldwide, according to a report Reuters. Elon Musk's comments followed the recent achievement of Warren Buffett-backed BYD, whose more affordable models …

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call
10 months, 4 weeks ago

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call

Firstpost  

The stock value of Tesla saw a significant dip of just over 12% on Thursday following remarks by CEO Elon Musk highlighting the challenges posed by Chinese electric-car manufacturers, whom he referred to as “the most competitive car companies in the world.” During Tesla’s earnings call on Wednesday, Musk praised Chinese carmakers such as BYD, Geely, and SAIC, emphasizing their …

Tesla hit by first ever drop in annual profits amid electric car price war
11 months ago

Tesla hit by first ever drop in annual profits amid electric car price war

The Telegraph  

Tesla has recorded its first ever drop in annual profits as it suffers the effects of an electric vehicle price war orchestrated by its chief executive, Elon Musk. It caps a challenging year for Tesla and Mr Musk, in which the company has been overtaken as the world’s best-selling electric car manufacturer by China’s BYD and its chief executive has …

This carmaker overtakes Volkswagen as China's best-selling car brand
11 months ago

This carmaker overtakes Volkswagen as China's best-selling car brand

Hindustan Times  

BYD Co. officially overtook Volkswagen AG as China’s best-selling car brand in 2023, clear evidence its all-in bet on electric vehicles in the world’s biggest automobile market is paying dividends and helping it pass some of the world’s biggest legacy names. Shenzhen-based BYD chalked up 2.4 million new domestic car insurance registrations last year, data from the China Automotive Technology …

A Lamborghini-style EV: BYD goes upmarket to outmaneuver Tesla
11 months ago

A Lamborghini-style EV: BYD goes upmarket to outmaneuver Tesla

Live Mint  

HONG KONG—BYD overtook Tesla as the world’s top electric-vehicle seller by pumping out a range of affordable cars that gave Chinese drivers what they wanted: choice. In China, the world’s biggest EV market, Tesla’s market share has been shrinking: BYD now sells five cars to every one that the U.S. automaker does. BYD is estimated to have sold around 13,000 …

Elon Musk’s Tesla loses $94 billion in market valuation as global EV market slows down
11 months, 1 week ago

Elon Musk’s Tesla loses $94 billion in market valuation as global EV market slows down

Firstpost  

Tesla, after a stellar 2023 where its shares more than doubled, is facing a rocky start to 2024, marking its worst beginning to any year in its history. Tesla’s market capitalization has taken its biggest hit since going public in 2010, with a 12% drop since the start of January, the largest in percentage terms since 2016. Despite Tesla’s recent …

Tesla slashes prices in China, struggling to keep a competitive edge in luxury EVs segment in booming market
11 months, 1 week ago

Tesla slashes prices in China, struggling to keep a competitive edge in luxury EVs segment in booming market

Firstpost  

Tesla has implemented price cuts of up to 6 per cent on its Shanghai-manufactured vehicles as it seeks to maintain its dominant position in the premium segment of the world’s largest electric vehicle market. These adjustments follow Tesla’s month-on-month sales growth of 15.7 per cent to 75,805 units in mainland China in December, according to data from the China Passenger …

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