Tesla's China Shipments Extend Slump, Bucking Broader Sales Boom
Tesla Inc. 's vehicle shipments from its China factory fell for an eighth straight month, extending a global sales slump as Chief Executive Officer Elon Musk pledges to renew his focus on the automaker.
The EV maker shipped 61,662 Model 3 sedans and Model Y sport utility vehicles from its Shanghai plant in May, down 15% from the same time last year, according to preliminary data from China's Passenger Car Association. The group didn't provide a breakdown of domestic sales and exports.
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