(Bloomberg/Linda Lew) — 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.
The slump contrasts with robust nationwide sales of new-energy vehicles, including both EVs and hybrids, which are estimated to have risen 38% to 1.24 million units, the data show.
The snapshot from China signals the downturn in Tesla’s sales across major global markets may have furt