Tesla car sales in China fall as competition heats up, CNBC says

Tesla’s (TSLA) car sales in China fell in January as competition from domestic rivals continued to heat up, Arjun Kharpal of CNBC reports. The company sold 63,238 units in January, which was down 11.5% from the 71,447 cars sold in December. Meanwhile, Chinese rival BYD (BYDDF) sold 296,446 pure electric and plug-in hybrids last month.

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