There is 'still a place' for Tesla in China, analyst says
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Shares of Tesla (TSLA) are rising as the company beat vehicle delivery estimates for its second quarter. Barclays senior autos analyst Dan Levy joins Morning Brief to give insight into Tesla's performance and whether the fear of slowing EV demand is coming to an end.
"Certainly, the competition is going to be tougher in China, but there is still a place for Tesla in China. We still see them hold share fairly steady in that high single-digit range as a percent of total EV sales. So they've actually held steady. But certainly, the competition is intense," Levy tells Yahoo Finance.
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This post was written by Nicholas Jacobino
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