Tesla has significantly reduced the production of its Model Y electric car at its Shanghai plant by at least 20% from March to June 2024, according to industry data and sources. The reduction is attributed to weakening demand for the Model Y in China. In March, Model Y production was 49,498 units, but it fell to 36,610 units in April, representing a 17.7% and 33% decline year-over-year, respectively, according to CAAM data. Additionally, Tesla's latest impact report omitted its previous goal of delivering 20 million vehicles annually by 2030.
TESLA TO CUT MODEL Y OUTPUT AT SHANGHAI PLANT BY 20% MARCH-JUNE 2024 $TSLA reportedly plans to reduce Model Y production at its Shanghai plant by at least 20% from March to June 2024, according to a source. CAAM data shows Model Y output in China fell by 17.7% in March and 33%… https://t.co/yVLZN6UUQv
* TESLA PLANS TO CUT MODEL Y OUTPUT AT SHANGHAI PLANT BY AT LEAST 20% DURING MARCH-JUNE 2024, SAYS SOURCE * MODEL Y OUTPUT IN CHINA FELL 17.7% AND 33% YEAR-OVER-YEAR IN MARCH AND APRIL, CAAM DATA SHOWS @reuters $TSLA
$TSLA ❖ TESLA SLASHES MODEL Y PRODUCTION IN SHANGHAI, DATA SHOWS Tesla, opens new tab has cut output of its best-selling Model Y electric car by a double-digit percentage number at its Shanghai plant since March, according to industry data and a source. https://t.co/VKJH95Jpst
Tesla cuts Model Y production in Shanghai by at least 20% in Mar-Jun, report says https://t.co/XNj8S3Xi2U $TSLA
$TSLA 🇨🇳 Tesla's Shanghai plant plans to cut Model Y production by at least 20% from March to June, according to the news. Model Y production in March was 49,498 units, but in April it was 36,610 units, down 17.7% and 33% from the same period last year, respectively. https://t.co/6IIvBvf1Mw
Tesla has cut the output of Model Y by at least 20% at the Shanghai plant since March, to address the weakening demand for aged models in China.-Reuters #China #Tesla $TSLA https://t.co/zb9QYakCiq
$TSLA’s Shanghai is cutting Model Y output by at least 20% during March to June period, sources tell @Reuters. @Tesla has left out its goal of delivering 20 million vehicles a year by 2030 in its latest impact report published on Thursday, another sign the company was moving…
⚠️ TESLA SLASHES MODEL Y PRODUCTION IN SHANGHAI, DATA SHOWS Full Story → https://t.co/ILNqs6iZ9k Tesla has cut output of its best-selling Model Y electric car by a double-digit percentage number at its Shanghai plant since March, according to industry data and a source. https://t.co/IwdLtHmojm