Tesla's Global Sales Could Witness A Decline Due To Slowdown In Europe And US, Even As China Set To Rise This Year, Warns Expert

Quick Summary:

Tesla Inc (NASDAQ:TSLA) researcher Troy Teslike said on Tuesday that while the EV giant’s sales in China are slated to rise this year as compared to the last, sales in the U.S.and Europe will drop, weighing down on the company’s overall global deliveries.

While Tesla’s sales in China are expected to increase by over 48,000 units, sales in the U.S.and Europe are expected to drop by over 30,000 units, Teslike said.

What Happened: “There is no need for celebrations over the China numbers when sales are down in the U.S.and Europe,” Teslike said.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesChina

Topics: EVs Electric vehicles Tech TSLA KeyProj US88160R1014 Benzinga News Troy Teslike Equities Top Stories Markets Mobility

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 07:24:32 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 402 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24113784

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