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The letter is the first indication that Musk intends to appeal the ruling, which the billionaire has criticized on social media, saying he will seek shareholder approval to move Tesla's state of incorporation to Texas, where it has its headquarters.
Tesla Shares: The company reduced starting prices of the Model 3 sedan by 5.9% to 245,900 yuan ($34,300) and marked down the Model Y sport utility vehicle by 2.8% to 258,900 yuan, according to its website.
Tesla: The recall -- sparked by the discovery of problems with assisted driving functions and door-locking systems -- will be conducted through remote over-the-air (OTA) updates to the cars' software.
Chinese Ev Maker: BYD Co., based in the southern China tech hub of Shenzhen, dethroned Texas-based Tesla Inc. as the top seller of electric cars in the last three months of 2023, according to sales figures released by the companies this week.
Byd: Sells nearly 42000 more vehicles than Tesla in fourth qtr.