Tesla Fails To Take Advantage As China's Car Sales Rebound

China is finally seeing its new vehicle sales go back up for the first time in nearly two years, with all segments, including electric cars bouncing back, while Tesla experienced a steep drop in sales last month. Tesla Model 3 sales in China fell over 64 percent last month compared with March 2020. That fall happened despite a 9.8 percent month-on-month increase in “new energy vehicle” sales in China last month. All of this is happening as the Covid-19 crisis impact has started softening in China's economy and the world's largest…