BEIJING/SHANGHAI—Tesla Inc.’s vehicle sales in China sank 70 percent last month from a year ago, the country’s passenger car association told Reuters on Nov. 27, underscoring how the Sino-U.S. trade war is hurting the U.S. electric carmaker.
Tesla’s share price fell 1.8 percent on early Nov. 27 following the report which came out during the Asian business day. Hours later, the company responded from its headquarters in California, calling the industry group’s report “wildly inaccurate.”
