Advertisement
Canada markets closed

  • S&P/TSX

    21,823.22
    +94.67 (+0.44%)
     

  • S&P 500

    5,064.20
    +45.81 (+0.91%)
     

  • DOW

    38,225.66
    +322.37 (+0.85%)
     

  • CAD/USD

    0.7322
    +0.0008 (+0.11%)
     

  • CRUDE OIL

    79.25
    +0.30 (+0.38%)
     

  • Bitcoin CAD

    80,670.00
    +1,691.40 (+2.14%)
     

  • CMC Crypto 200

    1,271.13
    +0.39 (+0.03%)
     

  • GOLD FUTURES

    2,312.30
    +2.70 (+0.12%)
     

  • RUSSELL 2000

    2,016.11
    +35.88 (+1.81%)
     

  • 10-Yr Bond

    4.5710
    -0.0240 (-0.52%)
     

  • NASDAQ futures

    17,764.00
    +114.25 (+0.65%)
     

  • VOLATILITY

    14.68
    -0.71 (-4.61%)
     

  • FTSE

    8,172.15
    +50.91 (+0.63%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • CAD/EUR

    0.6817
    0.0000 (0.00%)
     

Tesla's China car registrations plunge 64% month-on-month in April

Reuters
Updated ·1 min read
Man walks by Tesla Model 3 sedans and Tesla Model X sport utility vehicle at a new Tesla showroom in Shanghai

BEIJING (Reuters) - U.S. electric vehicle maker Tesla Inc <TSLA.O> suffered a slump of 64% in car registrations in China in April on the month, data from auto consultancy LMC Automotive showed.

Tesla's China registrations, including imported cars, fell to 4,633 units, from 12,709 in March. Its sales are usually lower in the first month of each quarter than in the remaining two.

Data from China Passenger Car Association shows sales of Tesla's Shanghai-made Model 3 sedan hit 3,635 units last month.

Tesla did not immediately respond to a request for comment.

Tesla expects to make 4,000 units a week in June and start mass production of Model Y sport utility vehicles in the first quarter next year, its vice president, Tao Lin, told the official Xinhua news agency in an interview.

(Reporting by Yilei Sun and Brenda Goh; Editing by Himani Sarkar and Clarence Fernandez)