henrysoh
2021-05-19
Seems to suggest that local EV brands will be the way to go for China.
Anyone sees it differently?
Tesla China Demand Slumps, Adding to Headaches After Protest
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Anyone sees it differently?","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/197034367","repostId":1147082881,"repostType":4,"repost":{"id":"1147082881","kind":"news","pubTimestamp":1621408475,"share":"https://www.laohu8.com/m/news/1147082881?lang=&edition=full","pubTime":"2021-05-19 15:14","market":"us","language":"en","title":"Tesla China Demand Slumps, Adding to Headaches After Protest","url":"https://stock-news.laohu8.com/highlight/detail?id=1147082881","media":"Bloomberg","summary":"Tesla stock slipped more than 2% in premarket trading.Tesla Inc.’s growth in China slowed precipitou","content":"<p>Tesla stock slipped more than 2% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/b8222f2434b953514ef24bd935d5e2ad\" tg-width=\"1302\" tg-height=\"663\"></p><p>Tesla Inc.’s growth in China slowed precipitously last month, adding to the company’s headaches after an embarrassingprotestat the Shanghai Auto Show and a run of accidents involving its electric cars.</p><p>In April, 11,949 China-built Teslas were registered in the country, according to data from state-backed China Automotive Information Net. That’s down sharply from a record 34,714 registrations in March.</p><p><img src=\"https://static.tigerbbs.com/598df4e3eb2356766e48c2db3d078f23\" tg-width=\"942\" tg-height=\"522\" referrerpolicy=\"no-referrer\"></p><p>The slump caps a poor run for Elon Musk’s EV pioneer, which until recently had enjoyed a dream stretch since breaking ground on its Shanghai Gigafactory in early 2019 -- receiving all-important support from the government and appearing to skirt the tensions between Washington and Beijing.</p><p>However, it has lately attracted unwanted publicity, with a disgruntled owner climbing atop one of Tesla’s display vehicles at last month’s auto show, shouting that her car’s brakes had failed, causing an accident. That was quickly followed by two rebukes from government entities, saying the electric-car makershould respect Chinese consumers and comply with local laws.</p><p>This week, a traffic policeman was killed and another injured in acrashinvolving a Tesla. 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That’s down sharply from a record 34,714 registrations in March.The slump caps a poor run for Elon Musk’s EV pioneer, which until recently had enjoyed a dream stretch since breaking ground on its Shanghai Gigafactory in early 2019 -- receiving all-important support from the government and appearing to skirt the tensions between Washington and Beijing.However, it has lately attracted unwanted publicity, with a disgruntled owner climbing atop one of Tesla’s display vehicles at last month’s auto show, shouting that her car’s brakes had failed, causing an accident. That was quickly followed by two rebukes from government entities, saying the electric-car makershould respect Chinese consumers and comply with local laws.This week, a traffic policeman was killed and another injured in acrashinvolving a Tesla. Another accident earlier this month is also still under investigation in China after a Tesla rear-ended a truck, killing the driver of the EV, according to a Global Times report. 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