Tesla sales are crashing in China, and things are about to get worse
a year ago
- #Tesla
- #EV
- #China
- Tesla's sales in China are crashing despite new Model Y and discounts.
- Competition and a new EV price war are pressuring Tesla in China.
- Tesla's Q2 performance in China is worse than Q1 and last year.
- Only 8,600 vehicles sold in China in the first week of June.
- Tesla's 2025 deliveries lag 2024 by about 20,000 units.
- May data shows 38,588 vehicles delivered in China and 23,074 exported.
- EV sales in China are up 35% in Q1, but Tesla is struggling.
- BYD triggered a new EV price war with significant price drops.
- Tesla's gross margins in China are practically nonexistent.
- Tesla may face a very difficult second half of the year in China.