The plan to cut production comes after delivered more than 100,000 from its Shanghai plant for the first time in November.
Last month, the Shanghai factoryAccording to the Reuters report, inventory levels at the Shanghai factory—which were upgraded earlier this year—have risen sharply while China faces an economic slowdown and slump in demand.
The Model Y crossover is a derivative of the Model 3 sedan and both cars are two of Tesla’s top-selling models globally.that Tesla was preparing to build a lower-cost version of the popular Model 3 in Shanghai starting next year.more than 40% of its global production capacity and 50% of the carmaker’s total profits.
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