Tesla has reported an upturn in quarterly production and sales, helped by higher orders in China and a surge in output at its Shanghai plant.
Although some media reports suggested it fell short of analyst estimates, Tesla Q3 production was 469,796 units – versus 411,000 in Q2. Deliveries were up to 462,890 units – versus 444,000 in Q2. The rises followed two successive quarters of declines.
Analysts note that Tesla has faced tougher competition in China – which accounts for around a third of its global sales – this year from BYD and other domestic makers with lower priced BEVs. The company introduced a range of offers in the spring designed to lift sales in China.
The Chinese government also increased incentives for BEVs in China earlier this year.
“Tesla sales and production up in Q3” was originally created and published by Just Auto, a GlobalData owned brand.
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