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Tesla South Korea Sales Jump in March [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 U.S. automaker registered 11,134 vehicles in South Korea during the month, up 330% from a year earlier, according to market researcher Carisyou. The gain marks a significant rebound in one of Asia's more competitive electric vehicle markets. Tesla lowered the cost of certain of its Model Y and Model 3 cars made in China, which led to the rise. The cutbacks seem to have helped boost demand while putting more pressure on other electric vehicle manufactures in Korea, where prices are becoming more competitive. The rise in sales in March is important because it shows that Tesla can still utilize price to gain market share, even while competition is growing and demand for electric vehicles is uneven around the world. Stronger registrations in South Korea may help make investors feel better by showing that lowering prices can lead to more sales. Inv
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