Tesla’s China woes linger as sales slide in the aftermath of a gaffe and increased regulatory watch
Synopsis
Sales of Tesla’s Model Y wobbled last month amid unverified reports that the automaker’s Shanghai factory suspended production for two weeks for equipment upgrades. Beijing also reprimanded the carmaker for its response to a protestor at last month’s Shanghai auto show, and has reportedly also banned its cars from military complexes amid data concerns.
Matthew Walsh Tesla Inc.’s car sales in China fell by more than a quarter in April from their record high in March, as the new-energy vehicle (NEV) pioneer battled the fallout of a public relations gaffe and increased regulatory scrutiny.The slump was steeper than the 12% month-on-month decline in NEV sales in the world’s largest car market in April, which was partly caused by there being fewer working days than March, according to a monthly
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Sign in to read the full article
You’ve got this Prime Story as a Free Gift
₹399/month
Monthly
PLAN
Billed Amount ₹399
₹208/month
(Save 49%)
Yearly
PLAN
Billed Amount ₹2,499
15
Days Trial
+Includes DocuBay and TimesPrime Membership.
₹150/month
(Save 63%)
2-Year
PLAN
Billed Amount ₹3,599
15
Days Trial
+Includes DocuBay and TimesPrime Membership.
Already a Member? Sign In now
Get Offer
Why ?
![]()
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
![]()
Clean experience with
Minimal Ads-
Comment & Engage with ET Prime community ![]()
Exclusive invites to Virtual Events with Industry Leaders -
A trusted team of Journalists & Analysts who can best filter signal from noise
For all the latest Automobiles News Click Here
For the latest news and updates, follow us on Google News.
