Tuesday, 02 January 2024 12:17 GMT

Tesla's China-Made EV Sales Reportedly Rise 10% In November Offering Relief Amid Tough Month In Europe


(MENAFN- AsiaNet News)

Tesla Inc.'s (TSLA) China-made electric vehicle sales reportedly rose 10% year-on-year in November, after registering a decline in October.

According to a CnEVPost report citing data from the China Passenger Car Association (CPCA), Tesla's China-made EV sales stood at 86,700 units in November, compared to 78,856 units during the same period a year ago.

On a sequential basis, Tesla's China-made EV sales rose 41%, from 61,497 units in October.

This comes at a time when the company is struggling in several key European markets. Tesla's registrations in Europe declined in several key markets in November. Tesla car registrations fell by 58% in France, 59% in Sweden, 49% in Denmark, and 44% in the Netherlands.

However, the company bucked the trend in Norway. Its sales rose 34.6% year-to-date to 28,606 cars in the country, eclipsing the previous record of 26,575 cars set by Volkswagen in 2016, the report added.

Tesla shares were up 0.44% in Tuesday's pre-market trade. Retail sentiment on Stocktwits around the company trended in the 'bullish' territory at the time of writing.

Get updates to this story developing directly on Stocktwits.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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