10,160 deliveries in March from about 3,900 in February.
Tesla decided to restart production early and it’s paid off.
China has been a huge newsmaker for so many reasons in the last few months. As it begins to recover from the Coronavirus outbreak, factories and buyers are eager to get life back to normal. None were more eager than Tesla to get its Shanghai factory back online in mid-February and it seems to have paid off as they took a 30% chunk of the EV market in March, in China.
Late last year, the yet-to-be-declared pandemic force the closure of many factories and businesses in China. Tesla went ahead with idling its Shanghai factory in late January after only two months of operation. The COVID-19 virus also nearly curbed all car sales. Despite this, Tesla still managed to deliver 2,620 new Model 3 cars in January and roughly 3,900 in February.
In March, Tesla managed to deliver 10,160 new cars despite an overall 40.8% downturn in sales. The $2 billion Shanghai factory is said to dole out 150,000 cars per year. As the country continues to recover, might it now have a stranglehold on the EV market? Will these results entice Musk to push to reopen his factory in California in the hopes the same will happen in North America?
Either way, the new Tesla Model Y is destined for great things and big volume.