Tesla sells 66,051 China-made vehicles in January, +10% Y/Y - report
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EV giant Tesla (NASDAQ:TSLA) sold 66,051 China-made electric vehicles in January, data published by the China Passenger Car Association showed on Friday.
Sales were up 18.38% sequentially and 10.37% Y/Y.
On Wednesday, Reuters reported, citing a company memo, that the company plans to produce an average of 20,000 units per week at its Shanghai factory for the next two months.
This production boost news came after the company announced price cut of its best-selling models, Model Y and Model 3 earlier this month. This was the second price cut in China over the three months.
Meanwhile, in Friday's premarket session, TSLA is down ~1%, but shares are up about 74% since the start of 2023.
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