Market Chatter: Tesla's China-Made EV Sales Drop in November-February 2024-www.financetom.com

Market Chatter: Tesla's China-Made EV Sales Drop in November

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Market Chatter: Tesla's China-Made EV Sales Drop in November

Dec 3, 2024 3:54 AM

06:36 AM EST, 12/03/2024 (MT Newswires) -- Tesla's (TSLA) sales of China-made electric vehicles decreased 4.3% year-over-year to 78,856 in November, Reuters reported Tuesday, citing data from the China Passenger Car Association.

Model 3 and Model Y deliveries in China posted a 16% increase from October, the report said.

Meanwhile, the company's Chinese competitor BYD posted a 67% year-over-year increase in passenger vehicle sales to 504,003 units for the month, the report added.

Tesla and BYD did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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