Industry dynamics

Tesla China sells 71,007 cars in Jun, down 2.16% from May

Publishtime:1970-01-01 08:00:00 Views:11

Tesla China sold 71,007 vehicles in June, including exports, down 24.20 percent from 93,680 vehicles sold in the same month last year.

In the first half of the year, Tesla China sold 426,623 vehicles, down 10.47 percent year-on-year.

Tesla has a factory in Shanghai that produces the Model 3sedan and Model Y crossover, both for deliveries to local customers and as an export hub for it.

Tesla's pattern is to produce cars for export in the first half of the quarter and for the local market in the second half, it previously said.

Figures for Tesla's June sales in China and vehicles exported from its Shanghai factory are not yet available.

On May 24, Reuters reported that Tesla's Shanghai factory planned to cut Model Y production by at least 20 percent between March and June.

It's not clear if the production cuts would extend into the second half of this year or the Model 3, and if Tesla's factories in the US and Germany were taking similar production cuts, the report noted.

Two months ago, Tesla initiated its largest layoffs globally since 2017, with the China team also affected.

On June 26, local media outlet Jiemian reported that some of Tesla's China teams were rehiring some of the laid-off employees, mainly in sales and service.

Yesterday, Tesla China extended a five-year, 0 percent interest loan incentive that expired on June 30 to July 31 as part of an effort to boost sales.

Tesla extends 5-year 0-interest loan incentive in China