Tesla’s retail sales in China rose 22.5% year-over-year in May, reversing earlier struggles and lifting TSLA shares.
Tesla’s retail sales in China increased 22.5% year-over-year in May, reaching 47,281 vehicles. The gain follows a period of weaker performance earlier this year and contributed to a rebound in TSLA stock after last week’s sell-off.
The China Passenger Car Association reported the figures, marking a sharp improvement from prior months. Analysts had anticipated a recovery as Tesla adjusted pricing and incentives in the region.
TSLA shares rose in early trading Monday, paring losses from the previous week’s broader market decline.