Tesla's struggling in another foreign market - and this one is important

Dow Jones

Feb 07, 2025

MW Tesla's struggling in another foreign market - and this one is important

By Steve Goldstein

Tesla Inc. sales are skidding in another foreign market - China's.

Tesla $(TSLA)$ sales in China fell 11% in January to 63,328, according to the China Passenger Car Association.

That's in a market where new-energy passenger vehicles jumped 31% year-over-year. BYD Co. Ltd. (HK:1211), the market leader, saw sales surge 48%.

China is Tesla's second-largest market, and the U.S. automaker faces intense competition from a range of competitors. XPeng Inc. $(XPEV)$ and Nio Inc. $(NIO)$ sales rose from last year's levels, according to CPCA data.

Tesla shares slipped 1% in premarket trade. The stock has slumped 7% this year but nearly doubled over the last 52 weeks.

Tesla has seen vehicle sales dive in Europe, where Chief Executive Elon Musk has become a divisive figure, backing the anti-immigration AfD party ahead of Germany's federal elections.

Tesla sales in Germany fell by 60% and Tesla sales in France dived 63% in January, according to local trade groups there.

The German business daily Handelsblatt reported that business customers are avoiding Tesla for image reasons, while private buyers are waiting for a new Model Y.

-Steve Goldstein

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 07, 2025 08:00 ET (13:00 GMT)

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BYD Co. Ltd. (HK:1211), the market leader, saw sales surge 48%. \n</p>\n<p>\n     China is Tesla's second-largest market, and the U.S. automaker faces intense competition from a range of competitors. XPeng Inc. <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> and Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a> sales rose from last year's levels, according to CPCA data. \n</p>\n<p>\n     Tesla shares slipped 1% in premarket trade. 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MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 07, 2025 08:00 ET (13:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla's struggling in another foreign market - and this one is important</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla's struggling in another foreign market - and this one is important\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-07 21:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Tesla's struggling in another foreign market - and this one is important\n</p>\n<p>\n  By Steve Goldstein \n</p>\n<p>\n     Tesla Inc. sales are skidding in another foreign market - China's. \n</p>\n<p>\n     Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> sales in China fell 11% in January to 63,328, according to the China Passenger Car Association. \n</p>\n<p>\n     That's in a market where new-energy passenger vehicles jumped 31% year-over-year. BYD Co. Ltd. (HK:1211), the market leader, saw sales surge 48%. \n</p>\n<p>\n     China is Tesla's second-largest market, and the U.S. automaker faces intense competition from a range of competitors. XPeng Inc. <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> and Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a> sales rose from last year's levels, according to CPCA data. \n</p>\n<p>\n     Tesla shares slipped 1% in premarket trade. The stock has slumped 7% this year but nearly doubled over the last 52 weeks. \n</p>\n<p>\n     Tesla has seen vehicle sales dive in Europe, where Chief Executive Elon Musk has become a divisive figure, backing the anti-immigration AfD party ahead of Germany's federal elections. \n</p>\n<p>\n     Tesla sales in Germany fell by 60% and Tesla sales in France dived 63% in January, according to local trade groups there. \n</p>\n<p>\n     The German business daily Handelsblatt reported that business customers are avoiding Tesla for image reasons, while private buyers are waiting for a new Model Y. \n</p>\n<p>\n     -Steve Goldstein \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 07, 2025 08:00 ET (13:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4598","symbol_name":"佩洛西持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2509743598","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509743598","pubTimestamp":1738933200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Tesla Inc. sales are skidding in another foreign market - China's.Tesla  sales in China fell 11% in January to 63,328, according to the China Passenger Car Association.That's in a market where new-energy passenger vehicles jumped 31% year-over-year. BYD Co. Ltd. , the market leader, saw sales surge 48%.China is Tesla's second-largest market, and the U.S. automaker faces intense competition from a range of competitors. XPeng Inc.  and Nio Inc.  sales rose from last year's levels, according to CPCA data.Tesla shares slipped 1% in premarket trade. The stock has slumped 7% this year but nearly doubled over the last 52 weeks.Tesla has seen vehicle sales dive in Europe, where Chief Executive Elon Musk has become a divisive figure, backing the anti-immigration AfD party ahead of Germany's federal elections.Tesla sales in Germany fell by 60% and Tesla sales in France dived 63% in January, according to local trade groups there.The German business daily Handelsblatt reported that business custom","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4598":"佩洛西持仓","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4604":"机器人概念","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","TSLA":"特斯拉","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","BK4532":"文艺复兴科技持仓","NIO.SI":"蔚来","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4543":"AI","TSLL":"2倍做多TSLA ETF-Direxion","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4099":"汽车制造商","09866":"蔚来-SW","BK4511":"特斯拉概念","BK4526":"热门中概股","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU0052750758.USD":"富兰克林中国基金A Acc","XPEV":"小鹏汽车","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","BK4555":"新能源车","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","LU0823414478.USD":"法巴经典能源转换基金","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","TSYW.SI":"TESLA 3xLongSG261006","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4505":"高瓴资本持仓","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1861215975.USD":"贝莱德新一代科技基金 A2","NIO":"蔚来","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4588":"碎股","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC"},"translate_title":"特斯拉正在另一个外国市场苦苦挣扎——这个市场很重要","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EVS.SI":0.6,"09866":0.6,"NIO":1,"TSLL":1,"NIO.SI":0.6,"TSLA":1,"XPEV":1,"TSYW.SI":0.6},"content_text":"MW Tesla's struggling in another foreign market - and this one is important\n\n\n  By Steve Goldstein \n\n\n     Tesla Inc. sales are skidding in another foreign market - China's. \n\n\n     Tesla $(TSLA)$ sales in China fell 11% in January to 63,328, according to the China Passenger Car Association. \n\n\n     That's in a market where new-energy passenger vehicles jumped 31% year-over-year. BYD Co. Ltd. (HK:1211), the market leader, saw sales surge 48%. \n\n\n     China is Tesla's second-largest market, and the U.S. automaker faces intense competition from a range of competitors. XPeng Inc. $(XPEV)$ and Nio Inc. $(NIO)$ sales rose from last year's levels, according to CPCA data. \n\n\n     Tesla shares slipped 1% in premarket trade. The stock has slumped 7% this year but nearly doubled over the last 52 weeks. \n\n\n     Tesla has seen vehicle sales dive in Europe, where Chief Executive Elon Musk has become a divisive figure, backing the anti-immigration AfD party ahead of Germany's federal elections. \n\n\n     Tesla sales in Germany fell by 60% and Tesla sales in France dived 63% in January, according to local trade groups there. \n\n\n     The German business daily Handelsblatt reported that business customers are avoiding Tesla for image reasons, while private buyers are waiting for a new Model Y. \n\n\n     -Steve Goldstein \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 07, 2025 08:00 ET (13:00 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}