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Tesla China Shipments Rise 9% as BYD January Sales Fall 30% [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
the country's electric vehicle market better than many of its peers. Preliminary figures from the China Passenger Car Association show Tesla shipped 69,129 vehicles from its Shanghai factory in January, representing a 9% increase from a year earlier and marking a third consecutive month of rising wholesale volumes. This performance stands out in a market where overall EV and hybrid wholesale volumes were largely flat, rising just 1% to around 900,000 units. Warning! GuruFocus has detected 8 Warning Signs with TSLA. Is TSLA fairly valued? Test your thesis with our free DCF calculator. The contrast with domestic competitors has been notable. BYD Co. ( BYDDF ), which recently surpassed Tesla as the world's largest seller of pure-electric vehicles, reported a sharp January sales decline of nearly 30% as government incentives faded. Other Chinese EV makers also struggled, with Xpeng Inc. seeing deliveries fall 34% and Li Auto Inc., often viewed as one of the more resilient startups d
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