Autos

Tesla’s China sales struggle to bounce back from an April slump

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Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020.

Aly Song | Reuters

BEIJING — Tesla‘s sales in China rose in May from the prior month, but failed to recover levels seen in March, according to the China Passenger Car Association.

Tesla sold 33,463 electric cars in May, up 29% from April’s 25,845 units, data released late Tuesday showed. The number still fell short of March’s 35,478 car sales.

The rebound in sales comes despite growing negative press and regulatory scrutiny on Tesla over customer reports of brake failures. The auto industry has also cut production due to a global shortage in chips.

Tesla shares fell 0.25% in…



Source cnbc.com

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