Tesla’s China woes linger as sales slide in the aftermath of a gaffe and increased regulatory watch
Synopsis
Sales of Tesla’s Model Y wobbled last month amid unverified reports that the automaker’s Shanghai factory suspended production for two weeks for equipment upgrades. Beijing also reprimanded the carmaker for its response to a protestor at last month’s Shanghai auto show, and has reportedly also banned its cars from military complexes amid data concerns.
Matthew Walsh Tesla Inc.’s car sales in China fell by more than a quarter in April from their record high in March, as the new-energy vehicle (NEV) pioneer battled the fallout of a public relations gaffe and increased regulatory scrutiny.The slump was steeper than the 12% month-on-month decline in NEV sales in the world’s largest car market in April, which was partly caused by there being fewer working days than March, according to a monthly
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