Tesla's electric vehicle sales in China fell by 8.4% in July, and the downturn in the European market continues
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Tesla's electric vehicle sales in China in July fell by 8.4% year-on-year, mainly affected by competitive pressure from low-priced models of local rivals. According to data from the China Passenger Car Association (CPCA), the delivery volume of Model 3 and Model Y from Tesla's Shanghai factory was 67,886 units, a decrease of 5.2% month-on-month. Compared to competitors like BYD, Tesla's sales are still significantly lagging. Tesla is also facing pressure in the European market, with registration numbers dropping sharply in several countries. Nevertheless, Tesla's stock price rose by 2.10% in pre-market trading on Monday
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