Tesla’s US car sales slump nearly 40%

Tesla’s third-quarter revenue tumbled 39% in the US, its first drop in more than two years, but sales in China and other regions surged, the electric car maker’s break down of sales by geography have shown.

US sales, which account for the biggest share of the company’s total revenue, fell to $3.13bn (€2.82bn) from $5.13bn a year earlier. The fall sent Tesla’s share price reeling by more than 3%.