Tesla's EV Sales in China Decline Amid Increased Competition

Reported 1 day ago

In November, Tesla's sales of China-made electric vehicles fell by 4.3% year-on-year, totaling 78,856 units, despite a monthly increase in Model 3 and Model Y deliveries. Meanwhile, rival BYD achieved record sales, with a 67.2% year-on-year increase to 504,003 units. To counter declining sales and competition, Tesla has introduced incentives including discounts and extended financing options.

Source: YAHOO

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