Elon Musk's electric car company reported sales of $3.11 billion in China in the third quarter, or 48.5% of the $6.41 billion U.S. sales during that time, according to a filing Monday.
China's share in Tesla's overall sales rose to 22.6% in the third quarter, up from just under 20% a year ago. Tesla shares hit a record high — and a $1 trillion market cap — in New York trading Monday after rental company Hertz announced it would buy 100,000 Tesla cars by the end of next year.Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020.Elon Musk's electric car company reported sales of $3.11 billion in China in the third quarter, or 48.5% of the $6.41 billion U.S.
honeymoon still going on
That’s because of the Giga Shanghai manufacturing facility. Just wait until Giga Texas ramps up production starting in the next few months.
nice
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »