Tesla's China Registrations Sink in July

Registrations of China-built vehicles from Tesla (NASDAQ: TSLA) fell 24% in July compared with June, a fresh sign of the growing threat posed by rapidly increasing competition in that market.

There were 11,456 Shanghai-built Teslas registered in China in June, down from 14,976 in June. The comparison was a tough one, as June was a record month for Tesla in China, but investors were hoping for continued momentum.

Image source: Tesla.

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Source Fool.com