Sales of Chinese-made Tesla Inc (NASDAQ:TSLA) vehicles slumped in September as a bout of price cuts failed to bolster demand amid growing competition in the region.
Volumes reduced by 10.9% year on year in September to 74,073 vehicles, while sales of Tesla’s Model Y and 3s were down 12% from August.
Rival BYD penned near-43% growth in sales to 286,903 compared to last September, China Passenger Car Association data revealed over the weekend.
A flurry of price cuts earlier…
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