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Tesla China sales plunge 70 percent in October: auto industry bodyTesla Inc's vehicle sales in China sank 70 percent last month from a year a... Sell Tesla to India. There may be something wrong with your electriccars Elon. Send me one and I'll test that sucker out. ;) Actually, is that one floating in space fair game? Fascist economy is unsustainable. Because it is not directed by the market, it’s directed by political agenda.
Source: Reuters - 🏆 2. / 97 Read more »
Tesla sales in China plunge 70 percent in October, according to auto industry bodyTesla sold just 211 cars in China last month, a sharp drop versus a year ago, the country's passenger car association told Reuters on Tuesday, underscoring how the Sino-U.S. trade war is hurting the electric carmaker. Ooh what have they realised ? Report cannot be true. A drop of year ago sales by 70% to 211 this Oct 2018 implies Tesla sold about 703 cars (Model S&X) in Oct 2017. But Tesla 2017 total sales in China was $2.0 billion At avg price of $125K (25% tariff) comes to 16K cars/yr or 1334/mth
Source: CNBC - 🏆 12. / 72 Read more »
New China tariff list creates risk of 'downward cycle' for US auto industryMore than 100 items that go into vehicles face 10 percent tariffs as President Donald Trump escalates his trade war with China. So, Trump is using Tariff as a tax revenue which compensates for the billions lost in taxes when he gave the top 5% a tax cut! This approach might look good on shoet terms but will be costly to American households in the long run.
Source: USATODAY - 🏆 100. / 63 Read more »