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Tesla Retail Sales in China Fall 12.4% in August

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Tesla’s retail sales in China fell 12.4% in August, as demand in the world’s largest EV market remained weak. Shanghai exported 36,119 vehicles, a positive sign, but EV industry sales cratered 24% to 1.54 million units. Tesla needs to ramp output and deliveries worldwide while EU and UK demand may not fully offset US weakness.

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