A drop in sales at in China manufactured vehicles sets the US car maker Tesla Further under pressure. The company’s papers gave up by almost 5 percent on Wall Street on Tuesday and fell back to $ 270. Mid-December, three weeks before the inauguration of US President Donald Trump (78), the share had noted at $ 480. Since Trump’s start of office on January 20, the stock has lost more than a third of its stock market value. More than $ 400 billion in the stock market value have resolved, the current market value is still around $ 800 billion.
The reason for the new wave of sales: The US group sold vehicles manufactured in China in January and February-a minus of 28.7 percent in the annual comparison of how data from the China Passenger Car Association (CPCA) industry association show. The February sales with 30,688 cars have fallen to the lowest level since August 2022. Tesla is exposed to a strong local price competition in the People’s Republic: The Chinese rival Byd Around the past month, a increase in sales by 90.4 percent to 614,679 vehicles. In addition, Tesla exports its electric cars manufactured in China to other markets-for example to Europe, where sales collapsed by 45 percent in January.