Tesla (TSLA.US) China-produced electric car sales in July fell by 8.4%, and the slowdown in the European market continues.

According to the Wise Finance APP, Tesla's (TSLA.US) electric car sales in China in July decreased by 8.4% year-on-year due to increased competitive pressure from local competitors launching low-priced models. Data from the China Passenger Car Association (CPCA) shows that last month, Tesla's Model 3 and Model Y cars produced at the Shanghai factory (including exports to Europe and other markets) delivered 67,886 units, a 5.2% decrease compared to the previous month.