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Tesla (TSLA) Sinks Over 6% in Pre-Open Trading

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Piper Sandler Said Don't Get Hung Up on Tesla's (TSLA) Weak April China Sales Numbers

May 11, 2021 12:39 PM EDT

Piper Sandler analyst Alexander Potter is agreeing with the view that Tesla (NASDAQ: TSLA) may have only sold 11,671 vehicles in China for April. As other analysts have... More

Tesla (TSLA) Sales in China 'Stagnated' in April, Wedbush Notes

May 11, 2021 8:07 AM EDT

Wedbush analyst Daniel Ives notes softness in Tesla (NASDAQ: TSLA) China sales data for April.

According to China Passenger Car Association (CPCA) data, Tesla sold 25,845 EVs in the month of April which were down sequentially from 35,478 in March and up significantly from the months of January (15,484) and February (18,318).

Importantly, Tesla also shipped out an additional 14,174 cars to Europe during the month of April as demand in Europe remains robust... More

Tesla (TSLA) Halts Plans to Buy Land in Shanghai Amid Increased Tensions with China: Report

May 11, 2021 6:15 AM EDT

Tesla (NASDAQ: TSLA) is suspending its plans to buy land next to its Shanghai plant amid renewed tensions between the United States and China, Reuters reports.

Two months ago, Tesla had a chance to bid for a piece of land across the road from its factory, but it declined to do so, according to sources cited by Reuters. Tesla decided for this course of action as it... More

Exclusive: Tesla puts brake on Shanghai land buy as U.S.-China tensions weigh - sources

May 11, 2021 3:13 AM EDT

SHANGHAI (Reuters) - U.S. electric car maker Tesla Inc has halted plans to buy land to expand its Shanghai plant and make it a global export hub, people familiar with the matter said, due to uncertainty created by U.S.-China tensions.

With 25% tariffs on imported Chinese electric vehicles imposed on top of existing levies under former U.S. President Donald Trump still in place, Tesla now intends to limit the proportion of China output in its global production, two of the four people said.

Tesla had earlier considered expanding exports of its China-made entry-level Model 3... More