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Are Tesla’s Sudden China Woes a Harbinger of Things to Come?

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Are Tesla’s Sudden China Woes a Harbinger of Things to Come?

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News Analysis To see the impact China’s fickle market can do to a company’s value, look no further than Tesla. On April 20, the Chinese Communist Party (CCP)’s media and regulators began a series of public rebukes against the California-based electric carmaker. The criticisms were broad, ranging from Tesla’s car safety, to data gathering practices, as well as customer service.  In early June, technology website The Information reported that Tesla’s May China orders fell by nearly half compared to April, according to internal data. Orders fell from 18,000 in April to 9,800 in May, a reflection that Chinese consumers were negatively impacted by the uproar. And all of this has erased $137 billion in market value as Tesla’s stock price declined 19.5 percent since April 21. A Series of Unfortunate Events Tesla has encountered issues all year in China. In February and March, the CCP banned Tesla from its military …

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