Tesla has significantly reduced production of its Model Y electric car at its Shanghai factory in recent months, as per industry data and a source reportedly familiar with the matter. Reports about the topic were initially posted by Reuters.
As per the publication, Tesla reportedly planned to cut Model Y production at Giga Shanghai plant by at least 20% in the March-June 2024 period. Data from the China Association of Automobile Manufacturers (CAAM) seems to corroborate the production cuts. Compared to the same period in 2023, Model Y production in China fell by 17.7% in March and by 33% in April to 49,498 units and 36,610 units, respectively.
CAAM data also indicated that in the first four months of the year, Tesla China had produced 287,359 units of Model Y and Model 3. This…
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