Thursday, May 29, 2025

Latest

Tesla’s China Sales Fall 27% in April, Worrying Investors

It appears that Tesla’s recent string of bad publicity has hurt its sales figures in China, causing some concern among investors.

According to figures published by the China Passenger Car Association, Tesla sold less than 26,000 vehicles in China in April, marking a decrease of 27% from the previous month. The latest decline comes amid an improvement in domestic sales among other Chinese EV manufacturers, including Nio, Epeng, and Li Auto. Tesla accounted for approximately 17% of all electric vehicles sales in April, a drop of 21% from the previous month.

The poor sales figures are likely the result of recent bad publicity in China that has plagued Elon Musk’s company. Last month, Tesla was the subject of a protest at China’s biggest vehicle show in Shanghai, after disgruntled customers complained of brake failures and other problems with their Tesla models. At the same time, Tesla is also the target of numerous quality control probes, as regulatory agencies question the quality of Shanghai-made Model 3 vehicles.

In addition, reports have surfaced that the Chinese military had banned Tesla cars from entering its facilities, after raising concerns that the vehicle’s cameras could be used for spying. Tesla’s stock also took a further tumble after Reuters reported that the EV maker refrained from bidding on a piece of land near its Shanghai factory that was initially slated for expansion into a global export hub.


Information for this briefing was found via the China Passenger Car Association and Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

Related News

Battery Day Bombs, But Don’t Count Tesla Out Just Yet

Tesla (NASDAQ: TSLA) is off -10% on a day that the broader markets continue an...

Wednesday, September 23, 2020, 07:38:38 PM

US Senator Shorts Tesla Via Puts, Musk Shot Back At “Gluttons For Punishment”

Tesla, Inc. (NASDAQ: TSLA) shares have experienced a challenging period, with sporadic attempts at recovery....

Friday, November 17, 2023, 03:11:00 PM

Is China Working With Taliban?

Afghan central bank governor Hidayatullah Badri held a clandestine meeting with Chinese envoy Wang Yu,...

Monday, June 19, 2023, 04:54:00 PM

Gold Soars to Highest Since February Amid Reports of Upcoming Chinese Imports

Gold prices soared to a new seven-week high, amid a decline in bonds and reports...

Friday, April 16, 2021, 04:08:00 PM

Tesla Yields Lowest Operating Margin In Three Years, Misses Estimates In Q3 2023

Tesla’s (NASDAQ: TSLA) financial results for the third quarter fell short of expectations, as the...

Thursday, October 19, 2023, 08:44:30 AM