“There’s this place called Shanghai…”
…those were the famous words of Tesla CEO Elon Musk when he was asked on a conference call several quarters ago about how he planned to reach impossible robust 2019 production and sales targets set for his company. At the time, China was heralded as the answer to all of those problems but now, amidst a lack of capex and a global auto recession where EVs in China were thought to be the silver lining, it looks as though for Tesla, Chinese demand has so far remained a promise unfulfilled.
Using data from Gasgoo and its reporting of CPCA individual model sales for April, the month was not a good one for Elon Musk’s plan
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