Transportation
Tesla China Shipments Drop for the Eighth Time in 10 Months
Source: Bloomberg
Tesla Inc.’s China factory shipments resumed their decline last month, adding weight to expectations the Elon Musk-led carmaker faces a challenging final quarter for global sales.
The company shipped 61,497 vehicles from its Shanghai plant in October, down almost 10% from a year earlier, according to preliminary data from China’s Passenger Car Association. Wholesales from the factory have fallen in eight of 10 months this year.