According to the China Passenger Car Association, car maker Tesla (NASDAQ: TSLA) sold in April 25 845 Chinese-made electric cars 27% less, than in March. Of them 14 174 have been exported to other countries. Association informs, that sales of electric vehicles in the country as a whole decreased by 12%.
But not all automakers saw revenue fall in April.. Chinese BYD from Shenzhen increased sales of electric cars by 6,5% - to 25 450 things. So, by the number of cars sold per month, the company caught up with Tesla.
The Chinese market is the second largest for Tesla, but first in terms of revenue growth. In the second quarter, the company increased sales by $4.4 billion year-on-year. Half of them - due to the Chinese market.
Estimating the medium-term prospects for Tesla in China will be possible only after the release of the financial report for the second quarter. Operational results for April, May and June the company will present at the end of July.
Tesla revenue dynamics in different regions for the first quarter, million dollars
| 2020 | 2021 | The change | |
|---|---|---|---|
| USA | 2768 | 4424 | 60% |
| China | 900 | 3043 | 238% |
| Other countries | 2317 | 2922 | 26% |
| Total | 5985 | 10 389 | 74% |
USA
1 kV. 2020
2768
1 kV. 2021
4424
The change
60%
China
1 kV. 2020
900
1 kV. 2021
3043
The change
238%
Other countries
1 kV. 2020
2317
1 kV. 2021
2922
The change
26%
Total
1 kV. 2020
5985
1 kV. 2021
10 389
The change
74%
