Tesla's February sales of China-made EVs grows 32% Y/Y - CPCA
Win McNamee/Getty Images News


U.S. electric car maker Tesla (NASDAQ:TSLA) sold 74,402 China-made electric vehicles in February, according to the latest data from China Passenger Car Association (CPCA).
Sales grew around 32% Y/Y and 12.6% from 66,051 EVs delivered in January 2023, reported Reuters on Friday citing CPCA data.

The automaker had planned to operate its Shanghai plant at an average weekly output rate of 20,000 units in February and March, after announcing significant price cuts in early January that stoked demand.
However, as per the latest weekly data, retail sales in China are still lagging the pace seen in the fourth quarter, suggesting that the boost from discounted prices is waning.
On Thursday, Tesla (TSLA) shares dropped in premarket trading following the company's investor day. The company provided an outline for a new manufacturing platform in its presentation. However, shares dropped 6% as analysts were disappointed by the lack of financial details.
Shares were up over 2% in Friday's premarket hours