Tesla may be much worse off in China than anyone thought
New York Tesla's Chinese sales last month were much weaker than they originally appeared.Although Tesla does not report monthly sales or regional revenue, the China Passenger Car Association earlier this week estimated Tesla's Chinese sales were down 27% from March to just under 26,000 cars — much worse than the overall 10% decline in China's electric vehicle sales overall.But that's not the full story: The trade group later clarified that its April figure includes sales of vehicles built in Chi
Wall Street closes higher in 'buy the dip' session
NEW YORK, May 13 - Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labor market data.All three major U.S. stock indexes notched solid gains, with the Nasdaq, weighed by Tesla Inc , picking up the rear.Recent economic data has prompted inflation fears as scarcity of both materials and workers threatens to send prices surging in the face of a demand boom."If this is a footrace, supply chains are still tying th