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Tesla’s decline in China continues despite throwing everything at it
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Electrek
Tesla’s sales decline in China continues to accelerate, despite the automaker’s efforts to mitigate it, including offering discounts and introducing new variants.
As for the most important EV market in the world, China, the results are already in, and Tesla saw an even steeper decline.
Tesla’s deliveries in China, the world’s largest EV market, were down roughly 4% in the first half of the year.
Advertisement - scroll for more contentIn Q3, Tesla’s deliveries in China decreased by 8%, and they are now down 6.4% year-to-date, based on insurance data.
I think the upcoming new stripped-down Model Y should help a bit more, but the problem with these new Model Y variants is that they mostly cannabilize Tesla’s existing Model Y sales.