Chinese EV buyers are cooling on Tesla and BYD
If Tesla was hoping that decent sales in China might boost the company's fast-diminishing profits, it was a forlorn hope. For the second month in a row, the automaker has experienced a year-on-year decrease in sales in China. According to Reuters, Tesla's sales dropped by 4 percent in August compared to the same month in 2024. That's not quite as dire as July, where it saw Chinese sales decrease by 8.4 percent. Much of Tesla's Shanghai factory's slack was taken up by exporting EVs to other mark