Tesla Stock Drops 2%
Follows double-digital declines in sales of China-made vehicles.
Follows double-digital declines in sales of China-made vehicles.
Improved offering positioned to compete better with rival EV makers.
Kia and Volvo will lead the way with introductions of SUVs with third-row seating in coming months.
Experian data shows Tesla captured six out of 10 EV sales, slowing deliveries of other automakers’ EVs.
The Denza N7 all-electric SUV has comparable costs and features.
Still, rising competition and an uncertain economy threaten EV maker's quarter-on-quarter sales growth.
Tesla plans to increase production of Model Y and Model 3 EVs in Q4 and keep growth going as newer factories in Austin and Berlin come online in 2023.
In January, Tesla Inc. lead U.S. luxury market sales, lapping segment leader BMW in new vehicle registration, finds Experian data.
Tesla’s Model Y could overtake BMW as the top-selling luxury model when its plant opens in Texas.
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