Tesla Chinese Rivals Have Some Bad News

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The Street

By Kirk O’Neil Tesla’s July delivery and production totals are likely to be thousands higher than its rivals. Elon Musk’s Tesla (TSLA) – Get Tesla Inc. Report remains the king of the electric vehicle makers as delivery and production results from its rivals still pale in comparison. While Tesla’s July deliveries and production numbers are expected in the next day or so, it’s totals for the month will likely be thousands higher than its rivals. Tesla on July 2 reported an 18% decline in production for the second quarter mainly as a result of April plant shutdowns in China caused by the covid-19…

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