Tesla's China-Made EV Sales Drop Y/Y in May: Is Price War a Suspect?

Key Takeaways TSLA's China-made EV sales dropped 15% Y/Y in May, continuing an 8-month downward trend. Price wars and Elon Musk's political image are weighing on TSLA demand in China and Europe. TSLA added incentives like FSD transfer and rural EV inclusion to revive China sales.Tesla's (TSLA) sales of China-made EVs continued to decline for the eighth consecutive month in May due to intensifying price wars in the world's largest auto market. Per the China Passenger Car Association data, combined domestic ...