Overview
- Tesla's Shanghai Gigafactory delivered 58,459 vehicles in April, reflecting a 6% year-on-year decline and a 25.8% drop from March.
- Weekly registrations in China fell 29% in late April, underscoring weaker domestic demand despite Tesla's emphasis on local production messaging.
- Sales in Europe plummeted, with year-on-year declines of up to 81% in key markets like Sweden, France, and the UK, driven by competition and brand backlash.
- Australian deliveries dropped 76% in April compared to the previous year, though test-drive interest in the updated Model Y reached record levels.
- Tesla plans to introduce a lower-cost Model Y variant by 2026 in China to counter market share losses to domestic competitors like BYD and Xpeng.