Tesla has shortened the delivery wait time for all of its Model 3 and Model Y vehicles in China. As Tesla mentions on its website, the latest delivery wait time reduction has reduced the wait time to at least a week. The U.S. electric carmaker increased its EV inventory in Shanghai at the fastest pace ever in October, according to China Merchants Bank International (CMBI). The move comes as several automakers and investors brace for a downturn in the world’s largest auto market, according to Reuters.
(Watch: Viral video of Tesla Model Y out of control, wreaking havoc in China)
Interestingly, Tesla last month announced price cuts on its Model 3 and Model Y vehicles in China in an attempt to boost sales in China, one of the automaker’s largest markets in the world. Tesla provided additional debate for Chinese buyers who picked up their shipments this month and purchased insurance from one of Tesla’s partners.
This is not the first time Tesla has announced reduced wait times in China. The electric carmaker has announced similar moves in the country several times over the past few months. This is in line with Tesla CEO Elon Musk’s announcement earlier this year to reduce wait times and significantly increase deliveries of Tesla vehicles. The automaker has increased production not only in China but also at other plants. This has helped the automaker significantly reduce wait times for customers in all major markets, especially in China, the US and Europe.
Tesla’s reduced wait times come as the auto brand is said to be dealing with a severe supply chain crisis stemming from the war between Russia and Ukraine. Tesla CEO Elon Musk has spoken on this issue several times.
First published date: November 17, 2022 at 16:30 PM CST