Tesla Sends Top Executive Back to China as Sales Slump Worsens [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Tesla Inc. is sending executive Tom Zhu back to China, where he led the carmaker's entry into the country, the Wall Street Journal reported. Zhu, one of the company's three named executive officers, was promoted to senior vice president of automotive in April 2023, a role in which he oversaw global production, sales, deliveries, service and the company's factories from Tesla's Austin headquarters. He previously had been based in China, heading the carmaker's Asia Pacific operations. Article content Article content The move comes as Tesla loses ground in China's ultra-competitive electric car market. Deliveries from its Shanghai factory, which include domestic sales as well as exports, slumped 18% in April from a year ago to 62,167 vehicles, preliminary data from China's Passenger Car Association showed late Tuesday. The decline came even as over
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