Tesla’s vehicle exports from its Shanghai factory have reached their highest quarterly total ever, even as domestic sales in China dropped by nearly a fifth. The surge in overseas shipments contrasts sharply with weakening demand at home, where economic pressures and shifting consumer preferences appear to be affecting electric vehicle purchases. Analysts suggest the shift reflects Tesla’s strategic focus on expanding its global market presence amid slowing growth in its largest single market. The development underscores the company’s ability to pivot production toward international demand while navigating challenges in China’s EV sector.
Tesla’s Shanghai Exports Hit Quarterly Record as China Sales Fall 16% Electric Vehicles
