The global slowdown in electric vehicle demand that contributed to -bsp-bb-link state=»{«bbHref»:»bbg://securities/TSLA%20US%20Equity/BICO»,»_id»:»0000018e-a39f-dfc4-a3fe-b3bfb0ca0000″,»_type»:»0000016b-944a-dc2b-ab6b-d57ba1cc0000″}»>Tesla Inc.’s biggest-ever quarterly sales -bsp-bb-link state=»{«bbDocId»:»SBC0H7T0AFB4″,»_id»:»0000018e-a39f-dfc4-a3fe-b3bfb0ca0001″,»_type»:»0000016b-944a-dc2b-ab6b-d57ba1cc0000″}»>miss is hurting
Confronted with unprecedented local competition and weakened consumer sentiment in Asia’s largest economy, Tesla’s market share shrank to around 6.7% for the quarter ended in December, from 10.5% in the first quarter of last year, according to Bloomberg calculations based on China’s Passenger Car Association data.
A Tesla showroom in Beijing.
Source: Bloomberg
While the PCA has yet to provide a breakdown of how many vehicles leaving Tesla’s Shanghai factory were shipped locally in March, figures …
