Tesla shipped 78,906 China-made cars in June
Almost all production went to Chinese buyers.
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Staff or Guest writer for The Dog of Wall Street.
2022-07-08 16:54

China's Passenger Car Association said that Tesla's (NASDAQ: TSLA) factory in China made a record number of cars in June. The largest EV company in the world made almost 79,000 cars at its Shanghai plant last month, according to numbers that came out on Friday. Important to note that only 968 cars were sent abroad. In May, the company sold 32,165 cars and sent 22,340 abroad.
Tesla shipped 78,906 China-made cars in June
Last year, half of all the electric cars that Tesla made around the world came from its Shanghai Gigafactory. However, the company had trouble keeping up its production after strict COVID-19 lockdowns were put in place in the city.

China on Thursday unveiled a number of fresh initiatives to increase demand for EV cars, including plans to expand the tax benefits, increase the number of charging stations, and promote cheaper charging rates.


Disclaimer: I have no positions in any of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

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Last updated2022-07-13

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