Tesla (TSLA) China sales were up in June,
and the automaker also unveiled a lower-cost version of its made-in-China Model Y crossover. According to the China Passenger Car Association, Tesla sold 33,155 EVs in June, including 21,532 locally manufactured Model 3 sedans and 11,623 Model Y crossovers. Tesla set a quarterly delivery record, roughly meeting Q2 forecasts. The EV manufacturer reported last week that it delivered 201,250 vehicles worldwide in the second quarter, up from 184,800 in the first quarter and 90,900 a year ago. In the midst of a market sell-off, Tesla stock fell below key moving averages on Wednesday. However, its shares rose 1.27 percent on Thursday, while the broader markets fell about 1%.