Hiptoro
  • Entertainment
    • Celebrities
  • Sports
    • NBA
    • WWE
    • NFL
  • Movies
  • TV Shows
  • Anime
  • Technology
  • Gaming
No Result
View All Result
  • Entertainment
    • Celebrities
  • Sports
    • NBA
    • WWE
    • NFL
  • Movies
  • TV Shows
  • Anime
  • Technology
  • Gaming
No Result
View All Result
Hiptoro
No Result
View All Result

Auto group says Tesla’s China sales plunge; company’s shares slide

by Ketakee Srivastava
7 years ago
in News
Reading Time: 1 min read
0

According to Reuters, the sales of vehicles of Tesla Inc in China dipped by 70 percent in October, when comparing it from the data of same month from the last year. The information was told to Reuters by the passenger car association of the country.

The news was given to Reuters so as to underscore how the trade was between the United States and China is hurting the electric car-maker of the United States.

In the wake of the report which was released during the Asian Business Day on Tuesday, the share prices of Tesla witnessed a fall of 1.8 percent.

The company responded to the report from its headquarters located in California hours later, stating that the report by the industry group is “wildly inaccurate.”

Source: zonebourse

China Passenger Car Association’s official stated that the data from the automobile industry showed that in the month of October, the number of cars sold by Tesla in the world’s largest automobile market just accounted to 211 cars.

According to Reuters, the representatives of Tesla Inc in China did not respond to the repeated requests of commenting on the matter either via written letters or calls.

However, later a spokesperson from the headquarters in California issued a written letter statement stating that the data of CPCA was disputed by Tesla but no internal sales figures were provided by him.

Source: financialcontent

The spokesperson further stated that this is wildly inaccurate and that the company does not disclose either the regional or monthly sales numbers but the numbers stated in the data of CPCA were off by a great margin.

In October the company had stated that the imposition of tariffs on the import of the parts of the car in China was hammering its sales there.

Source: Reuters,TodayOnline

TRENDING NOW

John Daly

John Daly’s Bio: Early Life, Golf Career, Net Worth

August 25, 2025
Benny Safdie

Benny Safdie’s Bio: Age, Family, Career, Net Worth

August 25, 2025
Julie Bowen

Julie Bowen’s Wiki: Early Life, Movies, TV Shows, Family, Net Worth

August 25, 2025
Denis Dugan

Meet Denis Dugan: Age, Bio, Movies, TV Shows, Family, Net Worth

August 25, 2025
Lavell Crawford

Who Is Lavell Crawford? The Guy Who Played ‘Huell’ In Breaking Bad

August 25, 2025
Maxwell Friedman

Maxwell Friedman’s Age, Bio, Wrestling Career, Net Worth

August 25, 2025
hiptoro logo
  • Contact Us
  • Disclaimer
  • Copyright
  • About Us
  • Write for Us
  • Ethics Policy
  • Fact Checking Policy
  • Terms and Conditions
  • Privacy Policy


© 2023 Hiptoro Private Limited.

No Result
View All Result
  • Entertainment
    • Celebrities
  • Sports
    • NBA
    • WWE
    • NFL
  • Movies
  • TV Shows
  • Anime
  • Technology
  • Gaming