Tesla Inc.’s share of global electric vehicle sales fell to the lowest in more than three years due to Shanghai’s lockdown, which cost the carmaker weeks of output from its most productive plant.
The Model 3 maker registered 39,650 vehicles in April, down 78% from the month of March, according to a report Dan Levy, Credit Suisse’s US auto analyst, published Wednesday. Tesla’s share of global EV sales dropped to 10% from 27%, Levy wrote, citing data from EV-Volumes, which tracks more than 80 markets.
Full article: https://www.bnnbloomberg.ca/tesla-s-share-of-ev-sales-hits-3-year-low-on-shanghai-lockdown-1.1776299#:~:text=(Bloomberg)%20%2D%2D%20Tesla%20Inc.,from%20its%20most%20productive%20plant%20%2D%2D%20Tesla%20Inc.,from%20its%20most%20productive%20plant).
According to Bloomberg, Tesla’s share of global EV sales fell to the lowest in more than three years due to the Shanghai lockdown. TSLA’s giga Shanghai has since resumed almost full capacity production. Will TSLA regain its market share even as competition ramps up?
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