Tesla Breaks Eight-Month Losing Streak in China EV Sales

In June, China-made EV sales of Tesla, Inc. (TSLA) rose by 0.8%, ending an eight-month decline. Model 3 and Model Y deliveries increased despite tough competition from Chinese rivals. The company’s global sales surged by 16.1% to 71,599 units, outperforming BYD’s 377,628 units sold last month.

Analysts anticipate Tesla’s EV sales to drop by 10%, while BYD’s are expected to rise by 45%. Tesla’s stock maintains investor confidence in Elon Musk’s leadership. As a Texas-based electric vehicle and energy company, Tesla is focused on accelerating the transition to sustainable energy globally.

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Read more at Yahoo Finance: Tesla China EV Sales Break Eight-Month Losing Streak