Tesla sold 8,621 cars in China in July, accounting for just 3.9 percent sales of battery electric vehicles in the country, down nearly 70 percent from its 12.6 percent share in June, according to the China Passenger Car Association.
Analyst Gordon Johnson said that Tesla overbuilt Chinese capacity when compared to domestic demand, which will result in further price cuts and margin pressure.
But Tesla investors seemed unfazed by the sales decline, with shares dropping less than 2 percent in early trading Tuesday.
Last month, Tesla exhibited that its declining numbers in China didn't stop it from posting better than expected global sales for the full quarter, according to Wedbush Securities tech analyst Dan Ives. He noted that its numbers in China had not been the best indicator of Tesla's success.
Nonetheless, Ives warned that if Tesla's sales in China don't improve, it could eventually face serious problems.
Meanwhile, the export of Tesla cars built at its Shanghai plant soared to 24,347 for July, compared with 5,017 in June.


South Korea Factory Activity Hits 18-Month High as Export Demand Surges
Sam Altman Reaffirms OpenAI’s Long-Term Commitment to NVIDIA Amid Chip Report
Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions
S&P 500 Rises as AI Stocks and Small Caps Rally on Strong Earnings Outlook
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom
Indian Rupee Strengthens Sharply After U.S.-India Trade Deal Announcement
Disney Board Nears CEO Decision as Josh D’Amaro Emerges as Leading Candidate
Panama Supreme Court Voids CK Hutchison Port Concessions, Raising Geopolitical and Trade Concerns
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist
SpaceX Seeks FCC Approval for Massive Solar-Powered Satellite Network to Support AI Data Centers
Tesla Launches New Model Y Variant in the US Starting at $41,990
U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data
Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure
CSPC Pharma and AstraZeneca Forge Multibillion-Dollar Partnership to Develop Long-Acting Peptide Drugs 



