From Yahoo Finance: 2024-04-03 06:38:08

Tesla’s global electric vehicle demand slowdown led to its biggest quarterly sales miss, impacting Elon Musk’s presence in China. Market share in China decreased to 6.7% in December, down from 10.5% the previous year. Local shipments fell 6.6% in the first two months of this year. Tesla’s sales in China have been consistently stronger in the third month of each quarter. Despite Tesla’s technology, it struggles to compete with rivals in China offering newer, tech-packed vehicle lineups. Globally, Tesla delivered 386,810 vehicles in the first quarter, missing estimates by the largest margin in seven years.



Read more at Yahoo Finance: Tesla’s Shrinking China Market Share Compounds Global Woes