A Tesla showroom with its logo and electric vehicles on performance, including models 3 and model Y, is seen on January 12, 2025 in Chongking, China.
Cheng Shin | Getty images
Sales of TeslaCars for China collapsed in January, as competition from domestic rivals continued.
Tesla sold 63,238 units of its electric cars in January, which was 11.5% from 71,447 cars sold in the same month last year.
Tesla’s shares were about 1.5% below in premarket trading.
Chinese rival Bide Meanwhile, 296,446 pure electric and plug-in hybrid vehicles were sold last month, which was 47% year-on-year.
Other Chinese rivals of Tesla, including Changan Automobile and Xpeng, also posted an increase in sales.
Tesla has tried to use value deduction as an incentive to maintain the interest of sugar buyers in its car. Last year end, Tesla Reduced price Its model Y car and zero-blessing five-year loan scheme by the end of January also increased.
Last month, the US giants also announced a model Y-K model Y-K model Y-K a revised version in China. It also came with 0% interest scheme.
Tesla has not introduced a new model as it began distributing the cybercatka at the end of 2023, which begins at about $ 80,000. Investors are craving for a new mass-market model to resume sales from the company.
Tesla has said that a new affordable model can be launched in the first half of 2025.
Meanwhile, the automaker is emphasizing to launch its driver Assist system, which it brings to the market as “full self -driving” in China this year, as rivals have also rolled out similar characteristics. .
