Automobile Technology Top 5

Tesla reported massive sales in China, from April to May!

Graham Rapier writes that U.S. electric vehicle maker Tesla sold 11,095 Shanghai-made Model 3 vehicles in China in May, more than triple the volume seen in April, according to the China Passenger Car Association.

Tesla sold 3,635 vehicles in April, down from around 10,160 units in March, CPCA data showed. CPCA uses a different counting method than Tesla’s deliveries, Business Insider reported.

Tesla did not immediately respond to a request for comment.

According to Business Insider, the jump comes as China, the world’s largest automotive market, posted its first month-over-month sales gain in almost a year. Sales of cars, SUVs, and other vehicles jumped hit 1.64 million in May, a 1.9% uptick from a year earlier, and the first increase since Jun 2019, the CPCA said.

Tesla’s stock price jumped as much as 5.4% to a new all-time high in trading Monday following the data’s release.

Related Articles

Netflix shares fall as competitors prepare to launch services..

Ruba Shah

Tesla breaks deliverance record in 2020.

Shamoon Rasool

Forward-looking mindsets entrepreneurs should have about AI (artificial intelligence)

Uneeb Khan Yousufzai