Automundo China

Tesla's Market Grip Weakens, Shares Dive on Sales Collapse

Tesla (TSLA) stock dropped nearly 20 points in premarket trading Tuesday after China-made EV sales fell 49% year-over-year to 30,688 units in February, with global sales of 93,926 units in the first two months of 2025 down 28.7%. Local Chinese rivals outperformed Tesla, with BYD selling 322,846 NEVs (up 164%…

Tesla shipment data out of China is not good, the latest piece of bad news for the pure EV-maker.

Despite the litany of import tariffs placed on Chinese electric vehicle exports, recent data has revealed that Chinese auto companies are making a killing. China’s EV industry is booming and some experts say that the ongoing boom is thanks to support from the West. According to one auto industry expert, China is now the largest … Continue reading "Expert Says Chinese EV Industry is Booming Due to Support from the West"

Tesla's once-dominant position in China is slipping fast--sales are plunging, competition is brutal, and the stakes couldn't be higher.

The EU’s decision to soften its automotive carbon dioxide emissions rules for 2025 was greeted with derision by environmentalists and sighs of relief by the industry.

TSLA down 4% premarket

Tesla sold 30,688 China-made vehicles in February, a 49% plunge from a year ago. The data comes shortly after figures showed a plunge in European sales.

BYD ($BYDDF) and Tesla ($TSLA) may be squaring off as fierce rivals in the world of electric vehicles, but the Chinese auto giant says it wants to work alongside it...