Tesla’s (TSLA) shares are trading lower due to slow demand for electric vehicles in the crucial Chinese market. Barclays Senior Autos Analyst Dan Levy joins Yahoo Finance Live to discuss the key factors driving this trend.
Levy notes that investors are witnessing a pivot “from supply constraints to demand constraints” in the EV market. While Tesla’s demand results could have been temporarily impacted by the Chinese New Year holiday, he cites broader pressures on the company’s first quarter deliveries, such as production slowdowns related to the remodeling of the Model 3.
Despite the competition from domestic automakers like BYD (1211.HK) and uncertainty around pricing dynamics, Levy believes “there is still room for Tesla to grow” in the Chinese market.
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