FILE PHOTO: Cars are seen in a traffic jam during evening rush hour in Beijing, as the country is hit by an outbreak of the novel coronavirus , China April 8, 2020. REUTERS/Tingshu Wang
BEIJING - China’s passenger car retail sales in April fell 5.6% from a year earlier to 1.43 million, the China Passenger Car Association said on Monday, as the country gradually recovers from the coronavirus. The association said during an online briefing that the overall passenger car sales trend is showing a quick recovery from the virus-induced low.
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only 5.6,not bad.
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Tesla Model 3 sales in China plunge 64% in April despite electric car market recoveryTesla sold 3,635 Model 3 cars in April — much lower than 10,160 in March, data from the China Passenger Car Association showed. Tesla has had a negative balance sheet since 2016. It clearly is a very overvalued company. Well gee, I wonder why?! Do you really think that people are particularly interested in buying new cars right off the bat? or paying off debt accrued after living in quarantine after some time. This will take some time to restabilize before things could come back to fully normal Lmaooooooooooooooooooooo Hey elonmusk see what happens when you piss off the deep state? Don’t bite the hand that feeds you dude.
Source: CNBC - 🏆 12. / 72 Read more »