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Tesla Keeps China Growth Going With Record Registrations

  • Almost 15,000 cars registered in June, up 32% from prior month
  • Competition to intensify with BMW, Mercedes rolling out models
Tesla Stock Could Reach $2000, Says Wedbush's Ives
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Tesla Inc. kept growing in China last month, with registrations of its electric vehicles jumping to a record in the world’s largest market as the coronavirus outbreak receded.

In June, 14,976 China-built Teslas were registered in the country, according to data from state-backed China Automotive Information Net. That’s a 32% increase from May and the highest monthly number so far for the carmaker, which is ramping up output after starting deliveries from its Shanghai plant around the beginning of the year.