Tesla (TSLA) China Sales Actually Fell 67% MoM in April - GLJ's Johnson

May 11, 2021 12:15 PM EDT
Get Alerts TSLA Hot Sheet
Price: $609.89 -0.04%

Rating Summary:
    21 Buy, 22 Hold, 11 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 7 | New: 31
Trade Now! 
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Tesla's (NASDAQ: TSLA) China sales numbers of 25,845 for April were misleading because they included exports, according to GLJ Research analyst Gordon Johnson.

The company actually sold just 11,671 cars in China, given that it exported 14,174 China-made units during the month, Johnson notes.

On an apples-to-apples basis, this is down 67% month-over-month, according to the analyst, given that the 35K March number did not include China-made exports.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Trader Talk

Related Entities

Tesla, Gordon Johnson