[TechWeb] On September 9, according to foreign media reports, Tesla CEO Musk responded on Social networks to “Tesla has been ignored by Chinese consumers and Tesla’s market share in China has declined.
” 
,” an organization posted a message on Social networks saying that Chinese consumers are snubbing Tesla because the Chinese market is full of competitors and there are more advanced electric vehicles than Tesla.
Moreover, Tesla’s share of the Chinese electric vehicle market has dropped from 9% a year ago to 6.
5% this year.
Moreover, Tesla has not released a new electric vehicle in China since 2019.
, Musk responded that it would be foolish to believe the news and that Tesla’s Shanghai superfactory was operating at maximum production capacity.
However, Tesla’s sales in China have indeed declined.
Data from the Passenger Transport Association shows that Tesla’s wholesale sales in China in the first seven months of this year were 500740 units, down 7.
41% year-on-year.
Recently, Tesla announced good news.
It expects to launch the “Fully Autonomous Driving”(FSD) advanced driving assistance system in China and Europe in the first quarter of next year, and will still need regulatory approval.
The launch of FSD may help Tesla’s sales in China, but in the face of fierce competition from domestic car companies, it remains to be seen how the specific situation will be.
At the close of last Friday, Tesla (NASDAQ:TSLA) shares fell 8.
45% to US$210.
73, with a total market value of approximately US$673.
207 billion.
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