Tesla China's July sales surged by 15.3%, reversing the decline

Tesla's car delivery volume in the Chinese market achieved significant growth in July, with a year-on-year increase of 15.3%, successfully reversing the previous downward trend. The number of Model 3 and Model Y cars delivered by Tesla's Shanghai factory in July increased to 74,117 units, a month-on-month increase of 4.4%. This growth is a positive signal for Tesla, especially after the company's second-quarter earnings fell short of expectations. Compared to other Chinese automakers, Tesla has performed well in China. The Chinese government announced subsidy policies to boost electric vehicle sales, which also contributes to Tesla's growth in the Chinese market