Tesla Inc. (NASDAQ:TSLA) reported growth in its Chinese retail sales and exports during May as the Elon Musk-led EV giant tries to regain sales dominance.
Sales Grow In China
In a post on X on Monday, influencer Tsla Chan cited data released by the China Passenger Car Association (CPCA), which showed that Tesla reported selling 47,821 units via retail sales in May, up 22.6% YoY when compared to May 2025, when Tesla sold 38,588 units.
Tesla’s exports also grew 68% to 38,701 units, compared to May 2025’s 23,074 units. The automaker reported wholesale sales of 85,982 units during May 2026.
Tesla Records European Growth
Tesla reported a 655% surge in French car registrations during May to 5,446 vehicles, while also reporting a 71% growth in Sweden to 858 vehicles sold. Sales grew 136% to 1,750 in Denmark and 113% to 1,690 in Spain.
Meanwhile, investor Ross Gerber earlier said that the war in Iran could have had a positive impact on Tesla’s sales as surging fuel costs could prompt customers to shift towards EVs.
Notably, Musk recently hit back at critics of the Tesla brand, who said that the EV giant's sales would be damaged following Musk's right-wing political activism and his association with President Donald Trump as the Model Y SUV emerged as a top-seller across multiple markets.
According to Benzinga Edge Rankings, Tesla offers excellent Growth and Quality, but fails to provide a favorable price trend in the Short, Medium and Long term.
Price Action: Tesla shares were up 1.33% at $396.20 during premarket trading on Monday.
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