Elon Musk was able to work his magic during Tesla’s Q1 2024 earnings call, giving the bulls enough ammunition to pull up the beaten-down stock from its 1-year nadir. However, the recent recovery in Tesla shares is likely to be ephemeral if the EV giant is not able to revive the margin-critical demand for its vehicles in China. $TSLANEWS: Tesla China sells 62,167 vehicles in Apr. – 2023 (Jan~Apr) : 305,164 – 2024 (Jan~Apr) : 283,043 pic.twitter.com/4MsIQ7qdAo — Tsla Chan (@Tslachan) May 7, 2024 Today, China’s CPCA disclosed that Tesla’s insured units for April – a close approximation for the […]
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