Tesla’s China woes linger as sales slide in the aftermath of a gaffe and increased regulatory watch


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

  • SAVE

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Already a Member?

Special Offer on ET Prime

Subscribe to ET Prime – Get Flat 20% Off

View Plans

Special Offer on ET Prime

Subscribe to ET Prime – Get 25% Off

View Plans

Special Offer on ET Prime

Subscribe to ET Prime – Get 25% Off

View Plans

Why ?

  • Sharp Insight-rich, Indepth stories across 20+ sectors

  • Access the exclusive Economic Times stories, Editorial and Expert opinion

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Automobile News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More