Tesla sales rebound sharply in China, revving recovery – Proactive Investors USA

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The US e-vehicle company delivered 78,906 vehicles last month, more than double the 33,155 delivered last June, and up 145% month-over-month
Tesla Inc (NASDAQ:TSLA) shipped a record number of China-made cars in June ai it rebounded swiftly after restrictions to stop Covid’s spread in Shanghai crippled the electric vehicle company’s plant there.
China’s Passenger Car Association (CPCA) said the US company delivered 78,906 vehicles last month, more than double the 33,155 delivered last June and up 145% month-over-month. 
While 77,938 electric vehicles were sold domestically in June, just 968 were exported, while in May the firm sold 32,165 vehicles and exported 22,340.
Additionally, Tesla’s Shanghai plant achieved the highest monthly output in June, according to CPCA, though it did not go into detail. 
Elon Musk, CEO, had urged employees elsewhere to work harder after the lockdowns caused deeper disruptions to output than he had expected.
Model 3s and Model Ys are manufactured at the Shanghai plant, which reopened on April 19, but full production did not resume until mid-June.
CPCA said Chinese passenger car sales in June increased 22% from a year earlier as a result of government measures with car sales expected to increase by around 20% in July from last year and strengthen again in the fourth quarter.
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