- Elon Musk’s electric car company reported sales of $3.11 billion in China in the third quarter, or 48.5% of the $6.41 billion U.S. sales during that time, according to a filing Monday.
- China’s share in Tesla’s overall sales rose to 22.6% in the third quarter, up from just under 20% a year ago.
- Tesla shares hit a record high — and a $1 trillion market cap — in New York trading Monday after rental company Hertz announced it would buy 100,000 Tesla cars by the end of next year.
BEIJING — Tesla’s sales in China are now nearly half the size of what the automaker sells in the United States.
Elon Musk’s electric car company reported sales of $3.11 billion in China in the third quarter, or 48.5% of the $6.41 billion U.S. sales during that time, according to a filing Monday.
That ratio is up from 41.4% a year ago, and less than 10% in 2018, filings show.
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Source: Business - cnbc.com
