Tesla Price Cuts a “huge success.” The market share is growing in China.

Investors can see the positive effect of Tesla’s price cuts on vehicles

it is

share – and now research shows that the move has increased sales and market share.

Tesla

(ticker: TSLA) cut vehicle prices in China no later than Jan. 6. So Wedbush analyst Dan Ives conducted a survey of 500 Chinese electric car buyers in mainland China to gauge the impact of the cuts.