Sales from Tesla Inc.’s China plant rose in February as price cuts lure buyers and consumer spending rebounded.
US electric car maker Tesla sold a total of 74,402 vehicles from its Shanghai facility last month, according to preliminary data released by the China Passenger Car Association.
Accordingly, there was an increase of 31.65 percent compared to the same period of the previous year and an increase of 13 percent compared to the previous month. However, Tesla did not provide specific documents regarding the vehicles it exports to other parts of Asia or Europe.
Tom Zhu, the company’s second most authoritative name after Elon Musk, explained that he is not worried about declining demand amid increasing competition in the world’s largest auto market. “As long as you offer a good product at an affordable price, you don’t have to worry,” Zhu said.
On the other hand, Tesla said in a statement earlier this week that they are “not concerned” about the political and trade tensions between Washington and Beijing.