Tesla’s sales in China dropped to a three-year low in October, raising concerns that Elon Musk’s EV giant could face its first full-year sales decline in the communist country.
CNBC reports that Elon Musk’s Tesla is facing mounting challenges in the Chinese market as local rivals gain ground and a slowing economy dampens consumer demand. In October, Tesla’s sales in China plummeted to a mere 26,006 units, marking the company’s lowest sales figures in the country in three years. This sharp decline has raised concerns that Tesla could experience its first full-year sales decline in China, a market that has been crucial to the company’s global…
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