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-0.000136798905608631 0 0.00615595075239398 0.00150478796169634 0.0148153214774282 -0.00606019151846778 0.0109439124487004 -0.0280803009575923
Stock impact report

Tesla's New-Car Registrations in China Hit the Brakes [TheStreet.com]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: TheStreet.com
Registrations of new Tesla ( TSLA Get Report Citing state-backed China Automotive Information Net, which gathers industry data based on insurance purchases, Bloomberg reported Thursday that 3,563 Tesla cars were registered in China last month, down from 6,643 in December. Of the January registrations, 2,605 were for cars built in China, Bloomberg said. The hefty drop illustrates Tesla’s vulnerability not only to unexpected events that impact buyers’ behavior but also broader trends in China's electric-car market, which has seen waning demand amid slowing economic growth and reduced incentives for electric vehicles. Tesla started deliveries to customers from its new Shanghai plant - its first outside the U.S. - last month. The locally manufactured models helped Tesla’s registrations in January increase from year-earlier numbers, which were only 853, according to Bloomberg. Deliveries of all new-energy vehicles in China from carmakers to dealerships tumbled 54% last month, Bloomberg sai Show less Read more
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