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Autonomous Vehicles Asia

Tesla’s China Sales Plunged in October

Tesla’s sales in China fell 70% in October from the year-ago period due to the U.S.-China trade war, Reuters reported, citing a Chinese auto-industry association.

Tesla sold 211 cars in China last month, Reuters said, citing an official from the China Passenger Car Association. Tesla disputed the figure, calling it “wildly inaccurate” but did not provide specifics.

Tesla currently imports all of its vehicles into China and said last month that Chinese tariff increases, which rose in July to 40% on its cars, were hurting sales, according to Reuters.

Tesla is building a factory near Shanghai to avoid future tariffs. However, the Chinese facility isn’t expected to open for years, meaning the company will continue to feel the pain until the trade dispute is resolved.

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