Tesla sold 63,000 cars in China in August, up 37% from July, as local rival BYD reported record sales.

In August, Tesla sold over 63,000 cars in China, a 37% rise from July, though still below last year's 64,694 sales. The company faces stiff competition from local rivals like BYD, which reported record sales of 370,854 vehicles. Despite a 5% sales drop in the first half of the year due to a price war and weak consumer confidence, Tesla has regained traction by offering zero-interest loans and plans to launch a six-seat Model Y by late 2025.

September 08, 2024
27 Articles