BEIJING (April 2): Tesla's China-made electric vehicle sales rose for a second consecutive quarter, holding up despite intensifying competition as the US automaker broadened its focus beyond EVs. That marked a fifth straight month of rising sales, driven by recovering European demand. Analysts also said Tesla and other EV makers could benefit from higher oil prices triggered by the Iran crisis. For the January-March period, sales increased 23.5% year on year, accelerating from a 1.9% rise in the fourth quarter. Facing intense competition especially from Chinese rivals, Tesla lost nearly half its European market share last year, while its share of China's EV market fell to 8% from 10% in 2024.

Source: The Edge Markets April 02, 2026 10:37 UTC