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Benzinga
  • 5 minutes ago
Tesla's China-made EV sales rose 8.7% YoY to 85,670 units in March, marking five straight months of growth, with Q1 sales up 23.5%. Despite the recovery, China market share slipped to 8% from 10% as BYD intensifies pricing pressure and Tesla pursues expansion into solar, robotaxis, and humanoid robots.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla reported China-made EV sales rose 8.7% year-over-year to 85,770 units in March,
00:09marking a fifth straight month of growth, according to the China Passenger Car Association.
00:13First quarter sales increased 23.5% and accelerated from the prior quarter. Global
00:17deliveries are expected to rebound nearly 10% from last year's decline, tied to backlash against
00:22Elon Musk's political views, Reuters reported on Thursday. Tesla's China market share fell
00:26to 8% from 10% in 2024, while BYD continued to pressure pricing and demand. Tesla is expanding
00:33into solar energy, humanoid robots, and robo-taxis. The EV giant is in talks to buy $2.9 billion in
00:38solar equipment. Shares traded at $372.18 in pre-market trading, down 2.38%.
00:44For all things money, visit Benzinga.com.
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