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Tesla Rebounds in China and Europe as Shanghai April Shipments Rise 36%

The rebound points to a tentative recovery constrained by a delayed China approval for Tesla’s Full Self‑Driving software.

Overview

  • Reports Thursday showed Tesla’s Shanghai plant shipped 79,478 vehicles in April, a 36% jump from a year ago and the sixth straight month of annual growth.
  • The April total was 7.2% lower than March, signaling short‑term swings even as the year‑over‑year trend improves.
  • European demand strengthened, with registrations surging in France by 112%, Sweden by 111%, Denmark by 102%, and Ireland by 100% based on local data.
  • CFO Vaibhav Taneja said on the April earnings call that China’s approval for Full Self‑Driving, Tesla’s optional driver‑assistance software, is now expected in Q3 after an earlier Q1 target.
  • Tesla reported Q1 results of $0.41 in earnings per share on $22.39 billion in revenue, and filings show insiders sold about 80,213 shares worth roughly $30.85 million over the past 90 days, including a 26,409‑share sale by director Kathleen Wilson‑Thompson on April 30.