Tesla China Shipments Plunge to Lowest in More Than a Year (Bloomberg)
Tesla China Shipments Plunge to Lowest in More Than a Year (Bloomberg)
archive.is /NPTmh
An Archive.is of today's Bloomberg on Tesla.
Anyone who saw TSLA stock price today noticed a -4.5% open. It seems like poor news out of China. Every year, Chinese New Year / Lunar New Year celebrations cause a major drop in sales. But even YoY (Februrary 2024 vs Februrary 2023), Chinese sales are down dramatically.
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I saw a lot of people making excuses that new year fell in Feb this year, making the YoY worse. But I was unable to find the 2023 and 2024 January numbers, since the sum in the first two months would cancel any such effect out. Anyways, you’d think those making such excuses would actually cite that data to prove their point.