PALO ALTO (CBS SF) – Tesla is getting hammered on a report that its new Model S registrations in China fell 45-percent in February from the month before.

Research firm JL Warren Capital reports that Tesla imported 63 Model S’s to China last month, which was a big rise from January’s meager total of ten, but well off the pace in the fourth quarter of 2014.

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Tesla CEO Elon Musk has chided investor reaction to monthly registration reports, and has maintained that even if his company doesn’t sell a single car in China this year, Tesla’s sales will still hit $55,000 for 2015, abut $23,000 more than what it did last year.

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TSLA was down nearly 8 percent in afternoon trading.

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