Model 3 vehicles manufactured in China were seen during delivery at its factory in Shanghai, China, on January 7, 2020.
Aly Song | Reuters
Tesla sold 33,463 electric cars in May, up 29% from 25,845 units in April, data released late Tuesday show. The number, however, fell behind 35,478 cars sold in March.
The sales recovery comes despite growing negative press and regulatory control about Tesla due to customer reports on brake failures. The automotive industry has also reduced production due to global shortage of chips.
Tesla shares fell 0.25% in overnight trading in New York. The stock has fallen just over 14% so far.
In May, Tesla delivered 11,527 vehicles from its factory in Shanghai, which is less than the 14,174 cars reported for April, according to data from the passenger car association. Data for March were not available.
Total sales of purely electric cars more than doubled from a year earlier, up 186% to 162,000 units in May, the association said. Some in the Chinese auto industry are cast doubt on the accuracy of the association’s data.
Although Tesla’s cars are among the top 10 new energy vehicles sold in China, the report states that local start-ups such as Nio also performed well in May. New energy vehicles include hybrid-powered cars.
The report says Volkswagen they accounted for almost half or 48% of new energy vehicle sales from major joint ventures with foreign brands.
However, the report states that luxury electric cars of the Mercedes Benz, BMW and Audi brands have not yet recorded a significant increase in customer purchases.