The number of registrations of Tesla electric cars in China increased by 150%

the Number of registrations of American electric car company Tesla in China increased by 150% in may, reports Reuters, citing consulting company LMC Automotive.

Increased the number of imported cars — 4633 with a car in April to 11565 electric cars in may.

the Chinese Association of car manufacturers (China Passenger Car Association, CPCA) reports that sales of the sedan Model 3 reached 11095, which is 205% higher than in April.

sales Growth was helped by the resumption of production in Chinese factories, but also a significant reduction in retail prices for its electric cars to customers in the United States and China.

the Sedan Model 3 in the basic configuration costs $37 990 instead of $39 990, and Tesla Model S Long Range Plus can be purchased for $74 990, while ranges the price tag on this model was $79 990.

Experts say that a lack of competition in the premium segment of electric cars promotes the growth of the sales of Tesla.

NEWNO shares of the company Tesla has exceeded 1 thousand dollars, which made the firm Elon musk the most valuable car company in the world.

company for the production of electric vehicles is estimated at $190 billion, ahead of Toyota, and is now worth more than Ford, General Motors, Honda and Fiat Chrysler combined.