Tesla Tsla Was Right To Cut Prices Of Its Evs In China As The October 2022 Delivery Numbers Reflect Growing Demand Weakness
Tesla (NASDAQ:TSLA) gave an early indication of a demand slowdown in China when it cut prices of its EVs by up to 9.4 percent in late October. The full extent of this demand weakness has now become evident with the latest report published by China’s Passenger Car Association. — TradeTheNews.com (@Trade_The_News) November 3, 2022 To wit, Tesla delivered 71,704 EVs in China in October 2022, corresponding to an annual increase of 422 percent but a sequential decline of 13....