Tesla

Tesla China exported 17,358 vehicles in May, down 50.67 percent year-on-year and down 43.54 percent from April.

“No Model Y 'refresh' is coming out this year,” Musk said.

The last time a Tesla model's delivery wait time in China was reduced to as low as 1 week was on December 26, 2022.

BYD's battery making unit FinDreams will be Tesla's new supplier of energy storage cells outside of CATL, securing more than 20 percent of orders for the Megapack product line, according to local media.

In the January-May period, Tesla China sold 355,616 vehicles, down 7.12 percent from 382,859 in the same period last year.

Formal sales of the updated Model 3 Performance in China is priced at the same RMB 335,900 ($46,380) as when pre-sales began at the end of April, but the delivery date has been moved up.

The lady, who protested by getting on top of a Tesla show car during the 2021 Shanghai auto show, was ordered to apologize to Tesla and pay damages of RMB 172,275 ($23,810) in a first instance ruling.

Tesla will be able to let its employees test its FSD internally on public roads once it successfully registers it with Chinese authorities, and then offer it as an upgrade to Chinese users in the coming months, according to Reuters.

Chinese customers who complete their vehicle deliveries between May 25 and June 30 will have the chance to win a free tour of Tesla's Fremont factory in the US.

The production cut is aimed at addressing weakening demand for Tesla's aged model in China, Reuters said.