Tesla continues its skid in China as August sales and market share fall

Tesla is gradually losing its appeal in China’s premium electric vehicle (EV) segment as its sales and market share fall. The US carmaker handed 57,152 Shanghai-made Model 3 and Model Y vehicles over to customers on the mainland last month, down 9.9 per cent from a year earlier, according to the China Passenger Car Association (CPCA). That meant Tesla’s losing streak has extended to six months in a row, despite its efforts to woo consumers away from rivals like Xpeng and Xiaomi with price cuts,...