Reported about 1 year ago
Tesla Inc. is projected to experience a decline in shipments from its Shanghai factory for the fourth time in 2024, with a 24.2% year-on-year decrease in deliveries of Model 3 and Model Y cars in June. This drop comes amidst a pricing competition in China's electric vehicle market, contributing to global challenges faced by Elon Musk's company, which is expected to hand over 439,302 electric vehicles in the second quarter, marking a second consecutive quarterly decline.
Source: YAHOO