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The U.S. automaker added to its electric vehicle inventory in Shanghai at its fastest pace ever in October, data from China Merchants Bank International (CMBI) showed, at a time when automakers and investors are bracing for a downturn in the world’s largest car market.
Tesla (NASDAQ:TSLA) had cut prices for its Model 3 and Model Y cars in China last month to boost sales.
Last week, the company offered an additional rebate for buyers who take delivery this month and buy insurance from one of Tesla’s partners.
