Cheddar News

Tesla China Market Share Declining Despite Record 56K September Deliveries

Gordon L. Johnson, research analyst at GLJ, joined Cheddar to break down the implications of Tesla's 56,000 deliveries in China last month, as the competition begins to heat up in the EV sector. Johnson said despite Tesla delivering on those vehicles, demand "is imploding" for Tesla in China. "Tesla had a brand new model in China in the Model Y SR plus, 20 percent lower-priced than the other Model Ys prior to them launching that model in 3Q, and they lost market share," he added.

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