
Tesla Records Best Week Of The Quarter With 14.3K New Registrations In China, Still Down 12% Amid Sales Woes

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Tesla Inc. recorded its best week of the quarter with 14.3k new registrations in China, a 41.3% increase from the previous quarter. However, sales are still down 12.1% year-over-year. Despite strong demand for the new Model Y L, Tesla's sales dipped over 10% in August. Additionally, Tesla's U.S. market share has fallen below 40% for the first time since 2017. The company has also reduced the price of its Model 3 Long Range sedan by 3.7% to remain competitive.
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