Tesla Gets Some Good News In China Finally: Wholesale Sales Up 22.6%
1. Tesla's wholesale sales in August showed a 22.6% quarterly increase. 2. Despite growth, year-over-year sales declined by 4.0% in August. 3. China remains a challenging market, yet Model Y 6-Seater orders are strong. 4. Electric vehicles constitute 51% of new vehicle sales in China year-to-date. 5. TSLA stock is down 12.1% year-to-date amid competitive pressures.