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Tesla Keeps Momentum Going in China [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Warning! GuruFocus has detected 6 Warning Signs with TSLA. Is TSLA fairly valued? Test your thesis with our free DCF calculator. The company shipped 85,670 cars built in China during the month, which is an 8.7% increase from the same month last year. This is the company's fifth month in a row of growth. The increase was much more clear on a monthly basis, with sales going up more than 46% from February. Those numbers include both sales in China and exports from Tesla's Shanghai facility, which is still a major center for shipping goods to Europe and other countries. Not only is there growth here, but it is also steady. China's electric vehicle market is now one of the most competitive in the world, with local companies aggressively lowering prices and releasing new models. Tesla is still holding its position, though, and is slowly gaining momentum again. The Model 3 and Model Y still do most of the work, and recent improvements seem to be helping maintain demand steady. T
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