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- Last Updated
- 17 days ago
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Tesla's China sales saw a significant boost in August, selling over 63,000 cars, marking a 37% increase from July, but still slightly below last August's figures of 64,694. Despite this improvement, Tesla's performance lags behind major Chinese competitors like BYD, which achieved a record high of 370,854 sales, up 35% year-on-year. Factors contributing to Tesla's recent sales momentum include zero-interest loans, local government incentives, and regulatory approvals for data compliance. The Shanghai Gigafactory delivered 86,697 Model 3 and Model Y vehicles domestically and overseas, reflecting a 3% increase from a year ago. However, the factory's deliveries for the first eight months of 2024 are still 6% below the same period last year. The Chinese government's subsidies for EV purchases and consumer preference for electric cars are expected to sustain Tesla's sales growth in the coming months.
- Total News Sources
- 2
- Left
- 1
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- 1
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- 0
- Unrated
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- Last Updated
- 17 days ago
- Bias Distribution
- 50% Left
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