This article first appeared on GuruFocus.
Tesla (TSLA, Financials) saw a small but welcome rebound in China last month. After two straight months of declines, the company’s local deliveries rose 2.8% from a year earlier to 90,812 vehicles, according to the China Passenger Car Association.
The increase came as Tesla rolled out its six-seat Model Y SUV, which has caught on with family buyers, and started shipping China-made cars to India for the first time.
The uptick helped lift third-quarter deliveries to nearly 242,000 vehicles among the highest the Shanghai plant has recorded.
To keep the momentum, Tesla is offering 0% financing, paint credits, and Full Self-Driving transfers in China, while cheaper Model 3 and Model Y versions debut in the U.S. later this year.
