News Snapshot:
The sharp drop for Tesla comes as deals of new energy vehicles in China dramatically increased, as the world’s biggest vehicle market forcefully elevates changing to electric. Tesla (TSLA) conveyed 28,217 electric vehicles from its Shanghai manufacturing plant last month, down from June’s 77,938 units, as indicated by information delivered by the China Passenger Car Association on Tuesday. The marketing projection was down 54% from a similar period last year. The CPCA didn’t expand on the explanations for Tesla’s July deals plunge, yet the US carmaker said in its quarterly profit call last month that its Shanghai processing plant had...
