Tesla China sold 71,007 vehicles in June, including exports, down 24.20 percent from 93,680 vehicles sold in the same month last year.
Tesla's (NASDAQ: TSLA) China-made vehicle sales slipped back down last month and were significantly lower than in the same month last year.
Tesla China sold 71,007 vehicles in June, including those sold in China and those exported from China to overseas markets, according to data released today by the China Passenger Car Association (CPCA).
That's down 2.16 percent from 72,573 in May, and down 24.20 percent from 93,680 vehicles in the same period last year.
In the second quarter, Tesla China sold 205,747 vehicles, a decrease of 16.77 percent year-on-year and down 6.85 percent from the first quarter.
In the first half of the year, Tesla China sold 426,623 vehicles, down 10.47 percent year-on-year.
Tesla has a factory in Shanghai that produces the Model 3sedan and Model Y crossover, both for deliveries to local customers and as an export hub for it.
Tesla's pattern is to produce cars for export in the first half of the quarter and for the local market in the second half, it previously said.
Figures for Tesla's June sales in China and vehicles exported from its Shanghai factory are not yet available.
On May 24, Reuters reported that Tesla's Shanghai factory planned to cut Model Y production by at least 20 percent between March and June.
It's not clear if the production cuts would extend into the second half of this year or the Model 3, and if Tesla's factories in the US and Germany were taking similar production cuts, the report noted.
Two months ago, Tesla initiated its largest layoffs globally since 2017, with the China team also affected.
On June 26, local media outlet Jiemian reported that some of Tesla's China teams were rehiring some of the laid-off employees, mainly in sales and service.
Yesterday, Tesla China extended a five-year, 0 percent interest loan incentive that expired on June 30 to July 31 as part of an effort to boost sales.
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