Tesla’s China Shipments Drop Again as Rival BYD Posts Gains
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Tesla Inc.’s vehicle shipments from its China plant declined for a seventh consecutive month, exacerbating the carmaker’s early-year slump.
Elon Musk’s automaker shipped 58,459 Model 3 sedans and Model Y sport utility vehicles from its Shanghai factory last month, 6% fewer than a year earlier, according to preliminary data released Wednesday. China’s Passenger Car Association didn’t yet offer a breakdown of domestic sales and exports.