As competition heats up and more affordable electric vehicles take over the market, Tesla sales in China are declining.
At the end of 2022, Tesla sales in China, the world's largest auto market and a key factor in the company's success
Last month, Tesla sold about 56,000 vehicles in China, down 44% from the month
Roughly 40% of Tesla's sales are in China. down 44% from the month before and 21% from a year before.
Sales of hybrid vehicles by BYD increased by over twofold in December compared to the same month last year and by 2% from November.
One of the company's most effective factories, Tesla's Shanghai facility also exports vehicles to Europe
According to Gary Black, an investment company that owns Tesla shares, the fall in Tesla sales must be considered
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