Telsa sold 63,238 from its plant in Shanghai, according to the China Passenger Car Association. That’s down about 11.5% year over year.

With Elon Musk being put in a position of power with the inauguration of President Donald Trump, his companies are certainly being impacted. Most notably, Tesla sales plummeted in Germany by a whopping 59 percent in January,

TheStreet’s Conway Gittens brings you the biggest news of the day, including the toll the California wildfires are taking on insurance companies.