© Reuters.

Investing.com -- Tesla's sales of China-made electric vehicles fell by 6.6% to 72,573 in May compared to a year ago, Reuters reported on Tuesday, citing data from the China Passenger Car Association.


Versus the prior month, deliveries of the U.S. carmaker's Model 3 and Model Y vehicles made in China jumped 16.7%, the news agency added.


The figures come as Tesla (NASDAQ:TSLA) and its rivals in China have been slashing prices in the face of intensifying competition to secure a foothold in the country's lucrative EV market.


Chinese group BYD (SZ:002594) -- a key competitor with Tesla -- sold 330,488 passenger vehicles in May, an increase of 38.2% year-on-year, Reuters reported.


Dollar finds a footing after tumbling on weak economic data

EUR/USD-GBP/USD-USD/JPY-USD/CHF-DX- By Harry Robertson and Kevin Buckland LONDON/TOKYO (Reuters) -Th

Oil falls more than $1 on worries of supply rising later in 2024

By Paul Carsten LONDON (Reuters) -Oil prices fell more than $1 on Tuesday, extending losses from a f

Unilever's US, European market share slips as private label booms

© Reuters. FILE PHOTO: The logo of Unilever is seen at the headquarters in Rotterdam, Netherlands Au

Nikkei soars while traders wait to see if US inflation slows

© Reuters. Passersby walk past an electric monitor displaying the Japanese yen exchange rate against

U.S. spot bitcoin ETFs could win approval next week after last-minute application updates

© Reuters. FILE PHOTO: U.S. Securities and Exchange Commission logo and representations of cryptocur

UAW reaches agreement with auto parts maker Allison Transmission

© Reuters. An American flag flies in front of the United Auto Workers union logo on the front of the

How cybercriminals are using Wyoming shell companies for global hacks

2/2© Reuters. FILE PHOTO: 30 North Gould Street is pictured in Sheridan, Wyoming, U.S., November 3

Chinese battery giant CATL hits back at Duke Energy disconnecting batteries

© Reuters. A staff member cleans a display showing the locations of battery maker CATL's production

China's exports grow for first time in 6 months in relief for factories

© Reuters. FILE PHOTO: An aerial view shows containers and cargo vessels at the Qingdao port in Shan

China trade balance grows in Nov on improved exports, but imports fall

© Reuters. HK50-0.89%Add to/Remove from WatchlistAdd to Watchlist

Why food discount stickers may be a thing of the past

Image source, Getty ImagesImage caption, Fans of hunting out food with discounted stickers may soon

US Coast Guard seeks source of some 1.1 million gallons of crude oil in Gulf of Mexico

© Reuters. The Mississippi River Long Distance Sediment Pipeline Project is seen in Plaquemines Pari