Tesla delivered fewer China-made electric vehicles in December than the month or year prior, according to data from the China Passenger Car Association on Thursday.
Its main Chinese EV rival BYD 1211,
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For the whole year, Tesla delivered 50% more cars from its Shanghai gigafactory than in 2021.
The U.S. automaker had suspended production at its Shanghai plant in December and is set to run a reduced output at the factory in January, Reuters reports.
Amid reduced output and cut prices to deal with weakening demand, Tesla is facing plenty of pressures from investors. Short bets against the luxury car manufacturer have soared.
Tesla stock is trading 1% down in premarket action. Tesla shares have dropped 68% over the last 52 weeks.