Tesla Struggles in Key Markets
$Tesla Motors(TSLA)$ 1Q sales were pretty abysmal in Europe, down 25% to 50% in most markets. This is a market where Tesla faces competition from China brands.
China sales hardly grew in 1Q YoY but jumped 18.8% in March due to new Model Y launch. I expect trade war tensions to hurt demand in China as consumers opt for local brands.
In the US, Tesla sales fell 8.6% in 1Q despite the overall market growing 10%. Elon already ceased order-taking of Model S & X in China shipped from the US. Could face delivery delays in US due to unavailability of China parts.
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