Chinese sales of Tesla cars dropped by 70% YoY in October, according to figures from the China Passenger Car Association. Tesla sold just 211 vehicles to Chinese buyers in the month, highlighting the impact the ongoing US-China trade war is having on the electric vehicle manufacturer. The company has particularly been hit by an increased 40% tariff on US car imports introduced in July. In a statement sent to Electrek today, Musk said that he was “disappointed” with Tesla’s performance and would be looking at ways “to improve our business going forward.”
Chinese sales of Tesla cars dropped by 70% YoY in October, according to figures from the China Passenger Car Association. Tesla sold just 211 vehicles to Chinese buyers in the month, highlighting the impact the ongoing US-China trade war is having on the electric vehicle manufacturer. The company has particularly been hit by an increased 40% tariff on US car imports introduced in July. Earlier in November, Tesla revealed plans to reduce the Chinese price of its Model X and S vehicles to make them more affordable.