Tesla reported net income of $409 million in the first quarter, down 70.58 percent year-on-year.
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Tesla reported net income of $409 million in the first quarter, down 70.58 percent year-on-year.
For details, please visit CnEVPost.
Tesla has ramped up promotions for the updated Model Y in China, as competition in the EV industry gets fiercer.
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Shanghai now allows non-locally registered vehicles to be used to apply for trade-in subsidies of up to RMB 15,000.
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Tesla has stopped taking orders for Model S and Model X in China, likely due in part to a worsening trade war that has hit both imported models.
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Tesla has stopped taking orders for Model S and Model X in China, likely due in part to a worsening trade war that has hit both imported models.
For details, please visit CnEVPost.
Tesla moved up to No. 3 in China's NEV market in March, up from No. 7 in February, as its local deliveries improved.
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Tesla sold 74,127 vehicles in the Chinese domestic market in March, up 18.80 percent year-on-year and up 176.83 percent from February.
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Nio Inc's insurance registrations last week stood at 2,500 units, down 43.18 percent from 4,400 units in the previous week.
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Counterpoint highlighted BYD's tech leadership, vertically integrated production model, and the fact that Tesla is facing multiple challenges.
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Analysts projecting BYD to maintain lead through year-end with 15.7% global market share VS Tesla's 15.3%
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