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Tesla
’s
exports of automobiles made in China fell to 60 items in March as home deliveries greater than doubled from February, in line with knowledge from the China Passenger Automotive Affiliation launched on Monday.
Tesla (ticker: TSLA), the U.S. electric-vehicle maker, delivered 65,814 China-made automobiles in March, up 16% from the earlier month, in line with knowledge from the CPCA.
Tesla’s Shanghai manufacturing facility was closed for the ultimate days of March — it has been shut since March 28 — as the town tackles the unfold of rising Covid instances.
General, gross sales of passenger automobiles in March in China totaled 1.58 million, down 10.5% from a yr earlier, the affiliation stated. Quarterly gross sales fell 4.5% to 4.92 million automobiles.
Gross sales of electrical and plug-in hybrid automobiles within the January-March quarter had been 1.07 million automobiles, greater than double from a yr earlier.
Tesla shares declined 3.4% in premarket buying and selling Monday to $990.49. The inventory has fallen virtually 3% in 2022.
Write to Lina Saigol at lina.saigol@dowjones.com
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