Tesla chief executive Elon Musk said that China, Tesla’s second largest market, was in a “recession of sorts"
The US electric vehicle maker surpassed Toyota's profit despite the Japanese maker selling seven times more cars
Buyers who order a Tesla EV this month will get an 8,000 yuan insurance incentive, but that offer will be slashed next month.
The drop-off followed a record month when the US EV maker delivered 83,135 cars, setting a record for Tesla’s Shanghai factory
Tesla recently outlined plans to shift its Chinese stores to lower-cost suburban areas which also offer repairs
Group cuts prices by up to 9%, which a CMBI analyst said "underscores the possible price war which we have been emphasising since August."
Tesla posted record delivery figures of 343,830 vehicles in the third quarter, up from 254,695 delivered in Q2. But its shares fell as its revenue was slightly below expectations
Taiwan's politicians felt Musk's views were driven by his business interests in China, Taiwan News said.
Taiwan's military will no longer buy Tesla cars after Elon Musk proposed China should "figure out a special administrative zone for Taiwan"
Tesla delivered 83,135 China-made EVs in September, an 8% increase from August, and topping the previous high of 78,906 in June
Auto market observers say Tesla’s premium pricing could limit the US firm’s ability to cope when demand dips
Elon Musk said people may be able to buy one for less than $20,000 "within three to five years", but robotics experts felt Tesla was nowhere close to making robots that can do useful things