Hyperdrive

Tesla China Shipments Expected to Slump for Fourth Time in 2024

Drop comes ahead of global second-quarter production figures
New-energy vehicle sales expected to rise 28% year-on-year

WATCH: Tesla suffered a 24.2% year-on-year fall in shipments from its factory in Shanghai. The drop comes ahead of closely watched global second-quarter production and delivery figures for Tesla, due on Tuesday. Craig Trudell reports.Source: Bloomberg

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By Bloomberg News

July 2, 2024 at 9:47 AM UTC

This article is for subscribers only.

Tesla Inc. suffered a 24.2% year-on-year fall in shipments from its factory in Shanghai, marking the fourth time this year output has fallen for the electric car leader amid a price war in China.

Deliveries of Tesla Model 3 and Model Y cars declined to 71,007 units in June, according to Bloomberg calculations based on preliminary data released by China’s Passenger Car Association on Tuesday. Shipments were down 2.2% on May.