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Benzinga
Benzinga
World
Shanthi Rexaline

Tesla Bounces Back With Strong May Sales In China, Clocking 2000% Sequential Rise

China Nasdaq NYSE

Tesla, Inc. (NASDAQ:TSLA) has bounced back big in China in May after a grossly underwhelming performance in the previous month.

What Happened: Tesla's wholesale sales of China-made vehicles totaled 32,165 units in May, Reuters reported, citing data from the China Passenger Car Association. This represented a 3.8% year-over-year decline from the 33,463 cars sold in May 2021.

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