Tesla's sales in China drop nearly 50%, stock declines
Photo: Xinhua
U.S. automaker Tesla (TSLA) sold 30,688 China-made electric vehicles in February, down 49.2% from a year earlier, data from the China Passenger Car Association (CPCA) showed on Tuesday.
Tesla's stock was down over 1% before the bell on Tuesday, News.Az reports, citing Reuters.
Deliveries of China-made Model 3 and Model Y vehicles fell 51.5% from the previous month.
Chinese rival BYD, with its Dynasty and Ocean series of EVs and plug-in hybrids, recorded a 161.4% increase in passenger vehicle sales to 318,233 units last month.
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