Tesla's weak sales in China worry investors

CNN2021-05-12

New York (CNN Business)Tesla's recent run of bad publicity in China is apparently hurting its sales there, raising investor concerns.The electric car leader sold fewer than 26,000 cars in China in ...

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精彩评论

Leeverp001
2021-05-12
Leeverp001
Nio is better
Styr
2021-05-12
Styr
Ok
PeiYi99
2021-05-12
PeiYi99
Good to know for investment plan
ohty0308
2021-05-12
ohty0308
Time to load up on TSLA 👍🏻
BLMJ
2021-05-12
BLMJ
I mean they’re already sold out for the quarter so 🤷🏼‍♂️
WeeNi
2021-05-12
WeeNi
Like & comments pls
- 林癸源:
  [微笑]
- Dssummer:
  [Great]

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The drop came as Chinese EV manufacturers such as Nio (NIO), Xpeng, and Li Auto, all reported improved domestic EV sales.Tesla was the target of a protest at China's largest auto show in Shanghai last month by Tesla owners who complained about problems with their cars. The company also has five Chinese regulatory agencies questioning the quality of its Shanghai-made Model 3 cars. And there were reports that China's military had banned Tesla vehicles from entering its complexes, expressing concerns that cameras equipped onboard could be used for spying, a charge Tesla CEO Elon Musk denied.\"It was expected that its April sales would be down sequentially, but not to this extent,\" said Dan Ives, a tech analysts at Wedbush Securities. \"China is a lynchpin to the Telsa bull story. The sales numbers show that all the issues in April had an impact.\"Also hurting share prices Tuesday is a story from Reuters that Tesla has halted plans to buy land to expand its Shanghai plant into a global export hub due to uncertainty over U.S.-China trade tensions. The report cited unnamed sources familiar with the company's thinking.Tesla did not respond to a request for comment on either its April sales in China or its Shanghai plant plans. The company reports its global sales quarterly, not in particular markets or for particular months. 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