“Citing state-backed China Automotive Information Net, which gathers industry data based on insurance purchases, Bloomberg reported Thursday that 3,563 Tesla cars were registered in China last month, down from 6,643 in December.”
Tesla retreated 13% Thursday on news that its electric vehicle registrations in China tumbled 46% in January vs. December, largely before the coronavirus crisis ramped up. TSLA stock is down 25% this week. But that follows 12 straight weekly gains for Tesla stock.
GXY Price at posting:
89.0¢ Sentiment: Hold Disclosure: Held
