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Tesla (TSLA) Tumbles on China Sales Drop; Cuts Model 3 Price to Spur Demand

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The Story

News Summary

  • Tesla's China-made EV sales fell 4% year-on-year in August despite a 22.6% month-on-month jump in Model 3/Y deliveries; Tesla cut Model 3 prices and launched a six-seat Model Y L amid rising competition from BYD and Xiaomi.
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TSLA price history

365.44 -12.53% over the displayed period

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