- Wholesale vehicle shipments from Tesla's Chinese factory dropped 6% over the previous April, marking the seventh consecutive year-on-year drop. The nearly 58,500 cars sold at home and abroad is the lowest number overall since 2022, when the factory struggled to operate at full pace amid citywide lockdowns following an outbreak of COVID’s Omicron strain.
Tesla’s seeming reluctance to develop new EV models that can expand the brand into new segments of the global auto market, including compact cars, is coming back to haunt it.
