Tesla's sales of China-made electric vehicles have continued to decline, marking an eight-month downturn with a 15% year-on-year drop in May.

Although Tesla is increasingly viewed as an AI company, roughly three-fourths of its revenue and gross profit come from selling cars.

A decline in Tesla's China-made electric vehicle sales extended to an eighth month in May, as the U.S. automaker's sales woes were compounded by brutal price wars in the world's largest auto market. Deliveries of China-made Model 3 and Model Y vehicles,