Tesla's sales have been "continuously declining," with shipments in the Chinese market falling for the seventh consecutive month after a significant setback in the European market in April.
On Wednesday, preliminary data from the China Passenger Car Association showed that Tesla's Shanghai factory delivered a total of 58,459 Model 3 sedans and Model Y multipurpose sports utility vehicles last month, a 6% decrease compared to the same period in 2024. Breakdowns of domestic sales and exports were not disclosed.
The data indicated that, more broadly, wholesale sales of new energy vehicles (including electric vehicles and hybrid vehicles) in China in April were set to increase by 42% YoY, reaching 1.14 million units.
Due to protests in the US and Europe triggered by Musk's involvement in global political activities, people began to boycott the Tesla brand, and Tesla's global sales in Q1 fell to their lowest point in three years.
Tesla suffered a setback in the European market in April, with double-digit declines in its six major markets. Sales in the UK hit a "two-year low," while sales in Germany were nearly "halved."
In stark contrast to Tesla, BYD's sales in April soared 44.7% YoY to 313,245 units, hitting a new record high. It is worth noting that this figure includes both hybrid and pure electric vehicles.
Faced with this dilemma, Tesla CEO Musk recently stated during an earnings call that the company would accelerate the launch of cheaper car models and move full steam ahead on its next-generation EV platform. However, investors seem to be losing patience, questioning whether Tesla can maintain its leading position in the fierce global competition. Tesla's stock price has fallen by more than 27% since the beginning of the year.