Tesla Records 13.4K New Registrations In China From August 4-10, July Sales Down 12%
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Tesla Inc. recorded over 13.4k new registrations in China from August 4-10, marking a 71% increase from the previous quarter, despite a 12% year-over-year decline in July sales. In July, Tesla sold 40,617 units in China, with significant drops in Model Y and Model 3 sales. The company also faced declining sales in Europe, including a 60% drop in the UK. Tesla's average transaction price fell 9.1% year-over-year, reflecting ongoing challenges in the EV market.
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