Tesla car sales in China fall 11.5% as competition intensifies
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Tesla's car sales in China fell by 11.5% in January compared to the same month last year, selling 63,238 units. Meanwhile, Chinese competitor BYD saw a 47% increase in sales, selling 296,446 vehicles.
February 07, 2025 | 11:30 am
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Tesla's sales in China decreased by 11.5% in January, indicating increased competition from local manufacturers like BYD, which saw a significant sales increase.
The decline in Tesla's sales in China, a key market, suggests increased competition from local players like BYD. This could negatively impact Tesla's market share and revenue, potentially affecting its stock price.
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