Posted 3/5/2024, 2:33:00 PM
Tesla China Sales Growth Slows, Raising Concerns Over Q1 Deliveries and Stock Price
- Tesla China registrations fell 6% last week vs. 2023, signaling potential Q1 delivery miss
- Through 9 weeks, Tesla China 2024 registrations up just 8% vs 2023
- Wall Street expects 489k Q1 deliveries, but expert warns it will miss Q2 2022's 466k record
- February China deliveries fell 19% amid 2-week Chinese New Year holiday
- Tesla stock has fallen 7%+ last 2 days on delivery concerns, now down 24% in 2024