In May, Tesla Giga Shanghai's wholesale vehicle shipments, including local retail sales and exports, decreased by almost 7% compared to a year ago. This decline suggests a pause in the rapid growth the factory initially experienced.
The current market conditions are challenging in China, with fierce competition leading to the need for price cuts to maintain sales volume. Tesla's total wholesale sales of Model 3 and Model Y so far this year are 7% lower compared to the previous year.
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