Tesla sales slump in China, raises Model X prices by $5,000 in US
In This Article:
Tesla’s (TSLA) January sales in China dropped 11.5% year-over-year, while domestic EV rival BYD (1211.HK, BYDDY) saw a 47% surge annually. Despite cost cuts on its electric vehicles in the Chinese auto market, Tesla is struggling to capture the US market.
Yahoo Finance Senior Reporter Alexandra Canal sits with Catalysts host Seana Smith to discuss how Tesla’s strategic pricing approach differs between regions, as prices for the Model X sold in the US have risen by $5,000.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
This post was written by Josh Lynch
Related Videos
Terms and Privacy Policy