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2023-01-05

Wow......full of -ve stories.... Time to add

Tesla's Dec Sales of China-Made Cars Fall to the Lowest in Five Months

SHANGHAI, Jan 5 (Reuters) - Tesla Inc delivered 55,796 China-made electric vehicles in December, the

Tesla's Dec Sales of China-Made Cars Fall to the Lowest in Five Months

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Time to add","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9959341633","repostId":2301232175,"repostType":2,"repost":{"id":"2301232175","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1672914549,"share":"https://www.laohu8.com/m/news/2301232175?lang=&edition=full","pubTime":"2023-01-05 18:29","market":"us","language":"en","title":"Tesla's Dec Sales of China-Made Cars Fall to the Lowest in Five Months","url":"https://stock-news.laohu8.com/highlight/detail?id=2301232175","media":"Reuters","summary":"SHANGHAI, Jan 5 (Reuters) - Tesla Inc delivered 55,796 China-made electric vehicles in December, the","content":"<html><head></head><body><p>SHANGHAI, Jan 5 (Reuters) - Tesla Inc delivered 55,796 China-made electric vehicles in December, the lowest level in five months, according to data from the China Passenger Car Association (CPCA) on Thursday.</p><p>That was a 44% drop from November and 21% fewer than a year earlier as the U.S. automaker reduced output and cut prices to deal with rising inventories amid weakening demand.</p><p>It also marks the fewest monthly deliveries since July when most production at Tesla&#39;s Shanghai plant was suspended due to an upgrade to its production lines.</p><p>For the whole of 2022, the U.S. automaker delivered 50% more vehicles produced in its Shanghai plant compared with 2021, the CPCA data showed.</p><p>Globally, the electric vehicle (EV) maker&#39;s deliveries rose by 40% last year, missing CEO Elon Musk&#39;s 50% annual target.</p><p>Tesla suspended production at its Shanghai plant, its most productive manufacturing hub, from Dec. 24 to Jan. 2 as part of the output reduction efforts, Reuters reported previously.</p><p>Chinese rival BYD still led all brands in China&#39;s December EV sales with 234,598 electric cars including plug-in hybrids and pure EVs, more than quadruple Tesla&#39;s sales in the same month, the CPCA data showed.</p><p>SAIC-GM-Wuling Automobile Co, the joint venture of General Motors in China making small budget EVs, also outsold Tesla by 53%, according to the association.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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