Autos

Tesla Model 3 sales in China plunge 64% in April

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Elon Musk, chief executive officer of Tesla Inc., speaks during an event at the site of the company’s manufacturing facility in Shanghai, China, on Monday, Jan. 7, 2019.

Qilai Shen | Bloomberg | Getty Images

Sales of Tesla’s Model 3 sedan in China fell over 64% in April compared with the previous month, despite a recovery in the electric car market, according to data from an industry body released on Monday.

Tesla sold 3,635 Model 3 cars in April — down from 10,160 in March, the China Passenger Car Association (CPCA) said. 

That fall comes despite a 9.8% month-on-month rise in electric car sales in China in April. The CPCA reported that it is also seeing a bounce back in demand…



Source cnbc.com

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