Tesla’s China Shipments Drop Again as Competition Heats Up

(Bloomberg) — Tesla Inc. shipments from its Shanghai factory fell for a third time this year in May, contrasting with robust growth for rivals and adding to signs of the fierce competition for customers playing out in China.

Tesla’s shipments, which include cars for domestic sale as well as for export, dropped 6.6% from a year earlier to 72,573 vehicles, according to preliminary data from China’s Passenger Car Association on Tuesday. Still, that represents a 17% increase compared with April, the data show.