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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\u00a0about the topic\u00a0were initially posted by Reuters<\/em>.\u00a0<\/p>\n As per\u00a0the publication, Tesla reportedly planned to cut Model Y production at Giga Shanghai plant by at least 20% in the March-June 2024 period.\u00a0Data from the China Association of Automobile Manufacturers (CAAM)\u00a0seems to\u00a0corroborate\u00a0the production cuts.\u00a0Compared to the same period in 2023, Model Y production in China fell by 17.7% in March and\u00a0by\u00a033% in April to 49,498 units and 36,610 units, respectively.<\/p>\n CAAM data also indicated that in the first four months of the year, Tesla China\u00a0had\u00a0produced 287,359 units of Model Y and Model 3. This…<\/p>\n<\/div>\n