Hyperdrive
Tesla China Shipments Slumped in December Amid Production Cuts
- US EV maker shipped just 55,796 cars from Shanghai last month
- Tesla voluntarily limited output on demand, line upgrades
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Deliveries from Tesla Inc.’s Shanghai factory slumped in December after a record November as production was temporarily suspended due to equipment upgrades and lackluster consumer demand.
The Texas-based company shipped just 55,796 China-made vehicles last month, almost half the month prior, according to preliminary data released by China’s Passenger Car Association on Thursday. The PCA didn’t provide a breakdown as to how many cars went into the domestic market versus how many were exported.