Tesla

Tesla China retail sales in June were 28,138 units and exports were 5,017 units, the CPCA said.

Tesla's China website today launched the lower-priced Model Y Standard Range version, which is available for pre-order immediately, with deliveries expected to begin in August.

The first phase of Tesla's Shanghai Gigafactory project has been fully built, Beijing News said Wednesday, adding that it could mean the company's new lower-priced models will begin mass production.

Tesla wants to use as many local parts in China as possible to reduce costs. Now, motors, one of the most critical components of electric vehicles, are also being supplied locally.

The ability to use a vehicle via a mobile app is an important feature of smart cars, but it can also cause a lot of inconvenience if the app's network connection is lost.

That was below analyst estimates of 204,160 in a Bloomberg survey and the FactSet consensus of 207,000, but above the 200,258 in a Reuters poll.

Emmanuel Rosner said he lowered the estimate for Tesla's deliveries in the second quarter to 200,000 units from 207,000 in reaction to softer China volumes.

Wall Street is starting to worry about Tesla's valuation amid the rapid rise of Chinese electric car companies including Nio, Xpeng Motors, and BYD.

CATL signed an agreement with Tesla to supply lithium-ion power battery products to it from January 2022 to December 2025.

Tesla said the issue does not exist in Model S/X, which have different cruise control lever positions and have a very small probability of false activation.