Tesla Reduces Output at Chinese Plant Due to Declining Electric Vehicle Demand
Friday, 22 March 2024, 12:53
Tesla Trims Car Output in China as EV Sales Growth Slows
Tesla Inc. has reduced production at its plant in China, amid sluggish growth in electric-vehicle sales and intense competition in the world’s biggest auto market.
According to people familiar with the matter, the shift in strategy at the plant reflects Tesla's response to current market conditions and competitive pressures.
- Key Points:
- Tesla trims car output in response to slowing EV sales.
- Intense competition in China's auto market poses challenges for Tesla.
- Strategic adjustments are made to navigate the evolving EV sector landscape.
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