Tesla starts China sales of two new Model 3 variants

Tesla starts China sales of two new Model 3 variants

Tesla sold 10,160 vehicles in China in March, versus 3,900 in February, marking its highest-ever monthly sales in the world's largest auto marke. Tesla sold 10,160 vehicles in China in March, versus 3,900 in February, marking its highest-ever monthly sales in the world's largest auto market, industry data showed.. The company forecast an operating profit of 145 billion yen ($1.33 billion) in the full year through end-August, down from a previous forecast of 245 billion yen and 44 percent lower than a year earlier. The pandemic disrupted Uniqlo's supply chain throughout China and forced it to shut over half of its 750 stores in the country, the company's biggest growth market in recent years.. Most stores in China have reopened and business has started to recover, the company said.. Yanai said the company had enough funds to keep operating and had not abandoned plans to open more stores.. For the current fiscal year it forecast losses in both the North American and European markets as stores remained shut.. The company also cut its full year dividend outlook to 480 yen per share from a previous 500 yen forecast..