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StockWatch: Tesla’s Chinese Sales Take a Hit

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Tesla sold fewer than 26,000 cars in China in April, which is down by 27% from March.

The company was affected by protests at China’s largest auto show in Shanghai last month, with Tesla owners complaining about problems with their cars.

Volkswagen stock has slipped into reverse for the last couple of weeks. The German automobile giant posted solid earnings and strong electric vehicle sales but warned the impact of the chip shortages was set to worsen.

Will this be a sign of things to come in 2021?

Timestamps
– TSLA 02:20
– VOWG 03:50

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