The China Passenger Car Association, otherwise known as the CPCA, said sales data for Tesla looked very bad for the month of October.
The China Passenger Car Association, otherwise known as the CPCA, said sales data for Tesla ( NASDAQ:TSLA) looked very bad for the month of October.
According to the CPCA, Tesla’s sales slid by a whopping 70 percent year-over-year for the month!
Related Tesla Came Within ‘Single Digit Weeks’ Of Total Collapse According to CEO Elon Musk
The report came out during normal Asian business hours, but was in the wee hours of the morning here in the West. As a result, shares of Tesla Inc. slid by as much as two-and-a-half percentage during normal trading hours, however, prices recouped most of their losses and Tesla stock ended the day just slightly negative at about half a percent down for Tuesday’s trading session.
While Tesla representatives in China remained silent when contacted for comment, but hours later in the day Tesla HQ in California came out and flatly denied the report: “This is wildly inaccurate.
