Reported 27 days ago
Tesla's sales of China-made electric vehicles dropped 8.4% in July compared to the same month last year, reversing a slight increase from June. This decline comes amidst heightened competition from rivals like BYD, which maintained stable sales. Tesla delivered 67,886 vehicles in July, a decrease from June, and despite efforts to innovate with new vehicle offerings, the company faces challenges in a competitive market. Additionally, Tesla's recent quarterly sales report marked its largest decline in over a decade.
Source: YAHOO