<div id="readability-page-1"><div><div>Tesla Inc.‘s TSLA Chinese sales have gone down in the third week of June after experiencing steady growth in the country in May.Check out the current price of TSLA stock here.What Happened: Tesla recorded over 13,800 new insured registrations in the Chinese domestic market for the week of June 16 to June 22, according to data shared by influencer Roland Pircher on X on Tuesday.The registrations fell almost 11% compared to the previous week's 15,500 new registrations and almost 21% year-on-year. Data shared by Pircher also showcased that the company's sales went down 7.6% year-to-date.Why It Matters: The news comes in as Tesla had recently topped the sales charts in China with the company's Model Y emerging as the best-selling SUV in the country during the month of May.Tesla had also exported the Model Y Juniper out of China for the first time recently and had registered over 38,588 units sold in May, which was a 34% increase compared to the previous month.Elsewhere, Elon Musk's company had recently penned down a deal with the local government in Shanghai to set up a grid-scale energy storage facility in the city with the company's Megapacks as part of a $550 million investment.Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for Benzinga Edge Stock Rankings today!Check out more of Benzinga’s Future Of Mobility coverage by following this link.<ul> <li>Elon Musk’s Tesla Faces Wrongful Death Lawsuit Over Model S Crash Which Claimed 3 Lives: Plaintiffs Call Car’s Design ‘Defective And Unreasonably Dangerous’</li> </ul>Photo courtesy: Ken Wolter / Shutterstock.com</div></div></div>

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Tesla's sales in China have declined by nearly 11% in the third week of June, following a strong performance in May. The company recorded over 13,800 new insured registrations, down from 15,500 the previous week and a 21% drop year-on-year. Year-to-date sales are down 7.6%. Despite this, Tesla's Model Y was the best-selling SUV in China in May, with 38,588 units sold, a 34% increase from April. Additionally, Tesla has made a $550 million investment in a grid-scale energy storage facility in Shanghai.

- Tesla Inc. experienced a decline in Chinese sales during the third week of June, with over 13,800 new insured registrations, down nearly 11% from the previous week.  
- This drop follows a strong performance in May, where Tesla's Model Y was the best-selling SUV in China, and the company exported the Model Y Juniper for the first time.  
- Additionally, Tesla has made a $550 million investment in Shanghai to establish a grid-scale energy storage facility using its Megapacks.

Tesla's China Sales Slip Over 10% in Mid-June After Strong May Surge