The automotive giant Tesla is overcoming market challenges in the Asia-Pacific region, demonstrating signs of recovery. The Shanghai production center marked a remarkable jump of 3.7% in June, putting an end to the eight-month downward trend.

Monthly statistics reveal impressive dynamics – month-on-month growth reaches an impressive 59%, with the volume of delivered Model 3 and Model Y electric vehicles reaching 61,000 units. However, quarterly results still show a decline of 6.8%.

In contrast, competitor BYD demonstrates stronger market performance with an 11% growth and an impressive 377,628 electric vehicles sold during the same period.

As a strategic response to increasing competition, the company undertook price adjustments and technical improvements. The long version of Model 3 was slightly increased in price by 3.6%, while simultaneously increasing the range by an additional 40 kilometers.