Tesla sold less than 26,000 cars in China in April, plunging 27 percent from its sales in March, as Chinese EV manufacturers all enjoyed increased domestic EV sales.
The American EV maker had a run of bad publicity in China, including protests from Tesla owners about problems with their cars at an auto show in Shanghai last month.
Tesla was also questioned by five Chinese regulatory agencies about the quality of its Shanghai-made Model 3 cars.
China's military reportedly banned Tesla vehicles from entering its complexes as cameras installed onboard its cars could be used for spying.
Dan Ives, a tech analyst at Wedbush Securities, said that while it was expected that Tesla's April sales would be down sequentially, it was not to this extent. He added that sales reveal that all the issues Tesla encountered in April had an impact.
Also hurting share prices was a report that Tesla halted plans to acquire land in Shanghai to expand its plant due to uncertainty over US-China trade tensions.


Anthropic Eyes $10B-Plus Credit Line Ahead of Potential IPO
Lockheed Martin Secures $153.5 Million in U.S. Defense Contracts
UK Inflation Rises to 2.9% in July as Energy Costs Climb
OpenAI Tightens AI Safety Monitoring After Security Incidents
US Dollar Hovers Near Multi-Month Lows as Fed Rate Hike Bets Ease
Canada Faces 50% U.S. Tariffs as Trade Tensions Threaten USMCA Talks
Coty Revenue Beats Estimates as Beauty Demand Holds Firm
Alphabet Shifts AI Strategy Toward Commercial Growth, Goldman Sachs Says
European Stocks Slide as Iran War Escalation Sends Oil Higher
Oil Prices Climb as US-Iran Hormuz Tensions Rattle Markets
Wall Street Gains as Treasury Yields Fall, Fed Minutes Signal Inflation Risks
Baidu Shares Sink to One-Year Low as Ad Weakness Overshadows AI Growth
Australian Consumer Sentiment Jumps 6% in August as Rate Outlook Improves
Nvidia’s $500 Billion AI Infrastructure Push Wins Morgan Stanley Support
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback 



