Tesla China registrations slump in July despite industry-wide rebound - Business Insider

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Tesla registrations slumped in China in July, even as the the world's largest auto market mounts a coronavirus comeback

Tesla CEO Elon Musk poses with Tesla China-made Model 3 vehicle owners during a ceremony in Shanghai, east China, Jan. 7, 2020.Tesla registered 24% fewer cars in China during July than it did in June, a state-backed group said.China is increasingly important to Tesla's success, but competitors are slowly beginning to encroach.

The news follows a separate report from the China Association of Automobile Manufacturers, which last week showed passenger-car sales . The group said overall sales, which include commercial vehicles and trucks, were up 16.4% after a dramatic plunge earlier this year amid the pandemic.

 

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