The new Tesla Model 3+ will be launched on September 26, 2023 at Tesla stores in Hangzhou, Zhejiang Province, China.
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Tesla Shares fell about 2% on Monday after selling Chinese-made electric vehicles An annual decrease of 10.9% car sales in September, according to a report released by the China Passenger Car Association (CPCA) on Sunday.
The U.S. automaker sold 74,073 Chinese-made electric vehicles this month, the report said. Sales of Model 3 and Model Y made in China fell 12% from August to September. Tesla exports many of the cars it produces in China.
Tesla did not immediately respond to a request for comment.
News of Tesla’s sales decline comes a week after the company announced that its third-quarter vehicle deliveries were lower than the previous quarter’s delivery and production levels.
“As discussed on the most recent earnings call, the sequential sales decline is due to planned plant upgrade shutdowns,” the company said. “Our 2023 sales target of approximately 1.8 million vehicles remains unchanged.”
On October 6, the company lowered the prices of some Model 3 and Model Y in the United States.
Tesla will announce its third-quarter earnings on October 18.
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