Tesla’s second quarter is starting off with tanking sales in some of its biggest markets
Another day, another report of declining Tesla sales. Most recently, data from the China Passenger Car Association showed that Tesla sales declined 6% there in April, compared to a year earlier, to 58,459 vehicles.
This is the seventh straight month of China declines. Meanwhile, sales for local rival BYD jumped 19% year on year to 372,615 vehicles.
Outside the US, China is Tesla’s biggest market. Europe is its next biggest, and sales have been dropping there too in April, meaning the EV maker’s second quarter isn’t starting off better than the first, which saw unprecedented sales declines.
While it’s too early for US data, discounts on the company’s new Model Y don’t suggest heavy demand.
Outside the US, China is Tesla’s biggest market. Europe is its next biggest, and sales have been dropping there too in April, meaning the EV maker’s second quarter isn’t starting off better than the first, which saw unprecedented sales declines.
While it’s too early for US data, discounts on the company’s new Model Y don’t suggest heavy demand.
