Sales of Tesla's Model 3 sedan in China fell over 64% in April compared with the previous month.
China's coronavirus lockdown measures earlier this year forced the U.S. automaker to temporarily shut down its Shanghai factory and stores.
Source: News Formal (newsformal.com)
Most likely this is going by insurance registration, not actual sales numbers, just like previous calculations. Of course, this doesn't account for insurance registration delays. 🤷♂️
A lot of business took a hit in April..
Elon tried to warn you with that tweet about Tesla's stock price being too high, which he posted shortly after a visit to China
By the reverse logic these days $TSLA should hit ATH at the opening bell
China also suffer economic loss from Covid. Probably more so in the future as supply chain be leaving their country.
So is Tesla a good buy or not!! I like a man elonmusk who stands up for himself against corrupt governor Newsom and corrupt LorenaSGonzalez
Bwahahahaha NO ONE IS BUYING THIS WHACK JOBS CARS. Tesla isn’t worth $450!!!
TilmanWinkler
Elon's recent rage explained
Moving from California to China. 😇
Do think closing down the factory for weeks due to a pandemic would cause a 64% decrease in sales? Maybe I’m overthinking it.
Doesn't this have to do with them waiting for the long range model to come out mostly?
GO TO AMERICA
Great, the China boycott is working. Let’s sanction China and speed up the decoupling. FreeHongKong
womp womp
elonmusk your right should be $300 stock
I wonder what the problem was.....
Slaves don't buy cars.
Electric vehicles are a scam
SanderK54317391 Tesla Model 3 sales in China plunge 64% in April despite electric car market recovery in May! Ok?
FakeNews
FYI....Numbers have been removed
Cash subsidy starts on May. Who in their right mind (unless the crazy rich) will not want to wait for a few weeks more and purchase during April?
Now wait for May deliveries. People are driven by subsidies unfortunately. 🤷♂️
If you believe anything this lamestream media source writes, YOU are part of the problem.
Bullish. Tesla to the moon! $10,000 soon.
More fud
About that $1.2B A/R for a company that sells 🚘 🤔?
Tesla stock price is too high imo
The world is not about Elon Musk. Really getting sick of all the attention he is getting with his BS Trump style tweets.
Wow good journalism, not!
Down pre-market Monday. Look for support at $773.
That's not the full picture!
Somebody tell Cramer
Hence Musk believing that Covid 19 is overblown. Because its hurting his company. Thats the only reason.
Hatred created by Donny.
Salt_Nole Bullish...Rally to $1000 tomorrow fo sho.
Lies
This should be a wake up call for all the Tesla bulls elonmusk
“That fall comes despite a 9.8% month-on-month rise in electric car sales in China in April”. GerberKawasaki elonmusk thirdrowtesla TashaARK GeneMunsterSays Tesla jimcramer
Over 11000 MIC M3 produced in April. With EV subsidies kicking on May 1 China and traditional slow sales numbers in first month of “every quarter” while Tesla ramp production, this report is pointless compared to quarterly sales. Production numbers is a huge positive for 2Q $tsla
You people seems forget that Tesla always delivers more than 50% of their production in the last month of the Q. Thank you.
Good
FYI Lora Kolodny contributed to this report but she never corrected her story about the Supercharger fire that was proven false. Her track record is pretty bad and anything she writes should be taken with a grain of salt.
Don’t focus on short term
eddiemac3356 oops
Duh
If you missed this tonight it's a MUST watch. Find it on You Tube
“Recovery”
Is a 64% decline much? $TSLAQ
Their market recovered, but their health still hasn't, despite the word of the CCP
could go wrong despite this boss with psychopathological tendencies needed to bring forward business
People are buying nio. Half the price
Lmaooooooooooooooooooooo Hey elonmusk see what happens when you piss off the deep state? Don’t bite the hand that feeds you dude.
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
Tesla has had a negative balance sheet since 2016. It clearly is a very overvalued company.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: BuzzFeed - 🏆 730. / 51 Read more »
Source: InStyle - 🏆 103. / 63 Read more »