Hyperdrive
Tesla China Demand Slumps, Adding to Headaches After Protest
- China-built car registrations dropped below 12,000 in April
- Company shares fall as much as 5.2% in early New York trading
This article is for subscribers only.
Tesla Inc.’s growth in China slowed precipitously last month, adding to the company’s headaches after an embarrassing protest at the Shanghai auto show and several headline-generating crashes involving its electric cars.
In April, 11,949 China-built Teslas were registered in the country, according to data from state-backed China Automotive Information Net. That’s down sharply from a record 34,714 registrations in March.