Tesla trims output of cars in China amid slower EV sales growth, Bloomberg reports

By Thomson Reuters Mar 22, 2024 | 4:52 AM

(Reuters) – Tesla has reduced its car production at its plant in China, Bloomberg News reported on Friday, as the U.S. electric vehicle-maker grapples with slow demand and strong competition in the market.

The company earlier in March told employees at its Shanghai factory to lower output of both the Model Y sport utility vehicle and Model 3 sedan — the two types it makes in China — by working five days a week instead of the usual 6-1/2 days, the report said, citing people familiar with the matter.

Tesla did not immediately respond to a Reuters request for comment.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shailesh Kuber)