Tesla delivered 55,796 vehicles for the month, down 44% from November and 21% from the year prior.
Tesla's sales of China-made vehicles fell to a five-month low in DecemberTesla suspended production at its Shanghai factory from December 24 to January 2 as part of an effort to reduce production.Tesla's sales of China-made vehicles fell to a five month low in December, despite China's passenger vehicle market rebounding, according to new data from the China Passenger Car Association on Thursday.
Tesla delivered 55,796 vehicles for the month, down 44% from November and 21% from the year prior, Reuters, citing"reduced output" and price cuts amidst rising inventories, coupled with slowing demand, as reason for the fall in numbers. The report notes that the figure is the fewest monthly deliveries in China since July, when the company's key Shanghai factory purposely suspended operations in order to upgrade its production lines. For the year, however, Tesla delivered about 50% more vehicles produced in Shanghai than in 2021. As we have noted, Tesla suspended production at Shanghai from December 24 to January 2 as part of an effort to reduce production and allow demand to catch back up with supply.
"In 2022, vehicle deliveries grew 40% YoY to 1.31 million," the company's press release said. This fell short of the 50% growth figure the company had once projected for the year. Tesla commented:"We continued to transition towards a more even regional mix of vehicle builds which again led to a further increase in cars in transit at the end of the quarter.
The breakdown of vehicles included 388,131 Model 3 and Model Y deliveries, which fell short of the 405,597 estimated:
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