Transportation
Tesla Sees Record Quarterly China Shipments on EV Subsidy Boost
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Tesla Inc. enjoyed its best-ever quarter for China shipments, as vehicles delivered from its Shanghai factory rose for a third consecutive month.
The automaker shipped around 88,321 Model 3 sedans and Model Y sport utility vehicles in September, rising 19% compared to the same time last year, according to preliminary data from China’s Passenger Car Association released Wednesday. This brought the total for the third quarter to 249,135, higher than the previous peak of 248,686 seen in the last quarter of 2023, based on Bloomberg calculations.