Tesla's China-made EV sales slightly rose in June after 8-month decline

From Yahoo Finance: 2025-07-02 05:13:00

Tesla’s China-made EV sales increased by 0.8% in June, ending an eight-month decline. Deliveries of Model 3 and Model Y rose to 71,599 units. BYD, Tesla’s Chinese competitor, saw a sales increase of 11% in June. Tesla faces pressure from rivals and a political backlash, leading to a 6.8% drop in EV sales in the April-June period.
Tesla’s China-made EVs accounted for 51.3% of its global deliveries in the first quarter. Despite fast production ramp-up, sales in China and Europe are cooling with mounting pressure from competitors. Analysts predict a 10% drop in Tesla’s global EV sales for 2025, while BYD’s sales are forecasted to grow by 45%.
Xiaomi’s new YU7 SUV, priced below Tesla’s Model Y, received strong initial orders, outselling the Model 3 since December. Tesla raised the price of the long-range Model 3 in China by 3.6% and increased its range. Analysts speculate if Tesla will further cut prices to compete with Xiaomi.

Read more: Tesla’s June China-made EV sales see first rise in 9 months, but quarterly fall continues