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Tesla Tumbles After-Hours As Musk Admits China Sales “Declined Significantly”

By Ilene
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Tesla Tumbles After-Hours As Musk Admits China Sales "Declined Significantly"

Courtesy of ZeroHedge. View original post here.

Tesla shares are down over 5% after-hours – and back below $200 – after CEO Elon Musk, speaking before addressing a conference in Detroit, said China Q4 sales declined significantly. As Dow Jones reports, Musk believes the sales decline is linked to consumer misperceptions regarding charging.

  • ELON MUSK SPEAKS AT AUTOMOTIVE NEWS WORLD CONGRESS
  • MUSK: CAN'T COUNT ON FUEL SCARCITY TO DRIVE EV DEMAND

Cue every analyst proclaiming this a buying opportunity and explaining how all that pent-up demand will surge in China when they understand the charging…

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