Tesla New Vehicle Registrations Surge In China, Gary Black Says It Should Provide Investors Some Relief

Benzinga
2025.05.20 10:35
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Tesla Inc. experienced a significant increase in new vehicle registrations in China, with 11,130 insurance registrations recorded for the week of May 12-18, 2025. This surge comes as the company faces declining sales globally, particularly in the U.S. and Europe. Gary Black from Future Fund LLC noted that this growth should provide some relief to investors after a disappointing previous week of only 3,100 registrations. Despite this positive news, Tesla is struggling with an inventory of unsold Cybertrucks and overall sales challenges.