Tesla’s Shanghai plant smashed records in July with 93,579 deliveries — its best month ever and a 37.85% year-over-year surge — but the real story is exports: for the first time, more cars shipped out than sold domestically in Q2, with exports making up over 40% of July production. Meanwhile, China’s domestic demand dips for the fifth straight quarter, dropping Tesla’s local market share below 30% for the first time since late 2020. The Model 3 tanked while the Model Y held steady, as rivals like BYD and Leapmotor surge ahead — Leapmotor even topped Tesla’s Shanghai output for two months running. Rumors of Tesla spinning off or selling its China operations were swiftly denied by Elon Musk, though the plant remains the company’s largest globally, producing nearly a million cars annually with almost all parts made in China.
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