Tesla Sales In China Explode 500% According To Insurance Data
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The weekly insurance numbers are in for the 9th-15th. Tesla's price cuts in China obviously had a huge impact as the vehicles insured jumped over 500%.
In this video I discuss how the numbers went from 2,100 to 12,600. This was a massive jump ahead of the Chinese New Year.
The first quarter is usually the worst in the auto industry, bringing down the entire sector. Seeing a jump when so many claimed sales were drying up is encouraging.
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Woo!
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