May 08, 2024 03:18 AM
BUSINESS
Tesla China Shipments Sink in April Amid Broader Sector Growth
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Tesla’s April deliveries, which includes cars for sale domestically as well as for export, came in at 62,167 units, down 18% from April 2023
(Bloomberg) — Tesla Inc. shipments from its Shanghai factory dropped year-on-year in April despite growth in the overall market for new-energy cars, another sign of the pressure Elon Musk’s company is under in China’s hyper competitive automobile sector.
Tesla’s April deliveries, which includes cars for sale domestically as well as for export, came in at 62,167 units, down 18% from April 2023, preliminary data from China’s Passenger Car Association (CPCA) released Tuesday showed.
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