Tesla's China-made EV sales drop 15% Y/Y in May - report

June 04, 2025 03:37 AM PDT | By EODHD

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Tesla's China-made EV sales drop 15% Y/Y in May - report — Image source: Kalkine Media

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[Tesla Service Center] Tesla’s (NASDAQ:TSLA [https://seekingalpha.com/symbol/TSLA]) China-made electric vehicle sales fell 15% Y/Y in May 2025, totaling 61,662 units, _Reuters_ reported, citing data from the China Passenger Car Association (CPCA). This figure includes both domestic sales and exports of the Model 3 and Model Y vehicles manufactured at its Shanghai plant. The decline in Tesla’s China-made EV sales marks the eighth consecutive month of year-on-year declines for the company in the world’s largest auto market. Deliveries of China-made Model 3 and Model Y vehicles were up 5.5% from the previous month. Tesla's (NASDAQ:TSLA [https://seekingalpha.com/symbol/TSLA]) overall EV sales rout continued across most parts of Europe.

[https://seekingalpha.com/news/4454253-tesla-sales-surge-in-norway-but-continue-to-face-headwinds-across-europe] The automaker faces intensified competition from local manufacturers, especially BYD (OTCPK:BYDDF [https://seekingalpha.com/symbol/BYDDF]), which reported a 14.1% Y/Y increase in passenger vehicle sales, reaching 376,930 units in May 2025. The Chinese EV market is currently experiencing aggressive price wars, with more than 40 brands participating. Tesla (NASDAQ:TSLA [https://seekingalpha.com/symbol/TSLA]) initiated significant price cuts since 2023 and remains under pressure from lower-priced, high-performance local rivals. MORE ON TESLA * Tesla: Robotaxi Execution Likely To Disappoint [https://seekingalpha.com/article/4791828-tesla-robotaxi-execution-likely-to-disappoint] * Tesla: Elon's Back - So Am I (Rating Upgrade) [https://seekingalpha.com/article/4791712-tesla-elon-back-so-am-i-rating-upgrade] * Tesla: Despite 'Woke Mob,' Musk To Better U.S. Again [https://seekingalpha.com/article/4791324-tesla-despite-woke-mob-musk-to-better-us-again] * Magnificent Seven power ahead as earnings outpace rest of S&P 500 by nearly 3-to-1 [https://seekingalpha.com/news/4455091-magnificent-seven-power-ahead-as-earnings-outpace-rest-of-s-and-p-500-by-nearly-3-tominus-1] * Elon Musk's xAI seeks $5 billion in debt financing - report [https://seekingalpha.com/news/4454675-elon-musks-xai-seeks-5-billion-in-debt-financing---report]

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