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Tesla CEO Elon Musk is “Trump was right in everything!” A hat while visiting the Cabinet of Ministers at the White House in Washington, Colombia District, USA, March 24, 2025.
Carlos Bari | Reuters
Tesla Sales of cars made in China decreased in March when the competition of local players, such as byd, intensified.
In March, Tesla sold 78,828 electric cars in China, decreasing by 11.5% compared to the previous year, according to the Chinese Car Association (CPCA) published on Wednesday. However, sales increased by 157% compared to 30 688 cars purchased in February.
The American manufacturer faces a number of winds in China, in particular, raising the problems of local competitors – which, unlike Tesla, is registered.
For example, BYD sold 371 419 so -called new energy vehicles in March, which includes hybrid battery vehicles, CPCA reports. This happened 23% compared to the year.
Sales from Geely, which owns such brands as Volvo Cars, increased by 167% last month compared to last year to 119 696 cars.
In an attempt to push off the competition, Tesla launched Updated Model Y in January. Automobile Stocks affected by it The worst quarter In the first three months of the year in terms of performance since 2022 against the background of installation pressure. On Wednesday, the company fell 3.04% to 08:04 EST in the Ganda Premarket.
Concerns have caused that President Donald Trump’s car tariffs could affect TESLA suppliers in Mexico and China, while participating the White House CEO Elon Musk also receives a backlash. Musk is part of the so -called government efficiency, which pushes for a wide reduction in government jobs. Last month is said in a billionaire billionaire What his involvement in Dogeg can hurt Tesla shares amid protests, boycotts and attacks on Tesla dealers worldwide.
