Tesla’s domestic sales in China collapsed 45% year-over-year in January, falling to just 18,485 units — the automaker’s lowest monthly retail figure in the country since November 2022. The data, released today by the China Passenger Car Association (CPCA), paints a grim picture of Tesla’s demand in the world’s largest EV market.
The figure represents an 80% plunge from December’s record-high 93,843 domestic deliveries. While seasonal declines between December and January are normal in China, a 45% year-over-year drop is not.
Tbh I’m more surprised that their market share hasn’t dropped more, considering the much higher quality:price ratio that Chinese EVs have these days
Tesla out spends them on marketing. And Chinese consumers continue to be as big a bunch of suckers for the All American Status Symbol as everyone else in the world.
Still won’t save them from other luxury EVs flooding the market. Or the repeated bad press they get when their shitty vehicles malfunction.
But you can carry a lot of water just by blasting people’s eyeballs with marketing material.
“All American status symbol”. You mean a sign of trash built by prison labour.
We talking about the American or the Chinese cars here?
American obviously.
What $37,000 heavily subsidized car gets you in China.
So ford EVs will also be super cheap?
Unlike Tesla in the US …?
The higher the industry-volatility, the less-sense it makes to BUILD, & the more-sense it makes to SUBCONTRACT.
“Buy, don’t Build” startup-maxim, GENERALIZED 1 degree.
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