Tesla

Tesla plans to start shipping parts from China to the US for the production of Cybercab and Semi trucks from the end of this month, Reuters reported.

Tesla's ranking in China's NEV market fell to No. 8 in April from No. 3 in March, as its local deliveries slipped.

In the January-April period, Model Y retail sales in China stood at 101,873 units, down 19.61 percent year-on-year.

In the January-April period, Tesla's retail sales in the Chinese domestic market decreased by 0.31 percent year-on-year to 163,338 vehicles.

Tesla's Shanghai Gigafactory completed the capacity ramp-up for the updated Model Y in six weeks, setting a new record for it.

That's down 5.96 percent from 62,167 vehicles sold in the same month last year and down 25.84 percent from 78,828 units in March.

A three-row version of the Model Y with an extended wheelbase will likely begin production after the upcoming Labor Day holiday in China.

Tesla reported net income of $409 million in the first quarter, down 70.58 percent year-on-year.

Tesla has ramped up promotions for the updated Model Y in China, as competition in the EV industry gets fiercer.

Tesla has stopped taking orders for Model S and Model X in China, likely due in part to a worsening trade war that has hit both imported models.