Tesla (NASDAQ: TSLA)'s Shanghai Gigafactory delivered 85,982 vehicles in May 2026, its highest monthly total of the year, according to data released by the China Passenger Car Association (CPCA) on June 2, 2026.The figure marks a 39.4% rise year-on-year and an 8.18% increase from the 79,478 units delivered in April. These are wholesale numbers, encompassing both domestic China retail sales and units exported from the Shanghai plant to other markets.The result brings cumulative deliveries from Giga Shanghai to 378,858 units for the first five months of 2026, a 29.36% increase on the same period last year. As Tesla's largest export hub, Giga Shanghai accounts for more than half of the company's global deliveries each month, supplying the domestic Chinese market and vehicle shipments across Asia-Pacific and Europe.That export weighting has grown more pronounced in recent months as several regional markets posted strong momentum. In South Korea, Tesla ranked first among imported car brands by sales in April 2026, with the Model Y finishing second among all passenger vehicles and Tesla placing third across all automotive brands.In Thailand, the brand led premium EV registrations in the first quarter of 2026. In Macau, Tesla was the top-selling EV brand in April 2026, with the Model Y heading the local EV sales chart, and in Hong Kong the brand has maintained its lead among EV labels year-to-date. Driving a portion of that export volume is the Model Y L, a six-seat large SUV produced exclusively at Giga Shanghai. The vehicle is accelerating deliveries to Singapore, Australia, South Korea, Thailand, and the Philippines. The Model Y L was also recently spotted testing at Tesla's Fremont facility, suggesting a U.S. launch is in preparation.Inside China, Tesla launched a new financing structure on May 13, 2026 called "Easy Loan," offering five years of zero-interest financing on selected models through June 30, 2026. Under the program, a base rear-wheel-drive Model 3 priced at 235,500 CNY (c. $34,800) carries a minimum down payment of 55,900 CNY (c. $8,300). The company simultaneously opened its Supercharger network to non-Tesla owners across more than 1,000 stations in mainland China at 1.5 CNY per kWh.Tesla Model X and S (Tesla)Two factory-level developments also marked the month. Tesla confirmed that the last batch of Model S and Model X vehicles from the Shanghai plant was completed in May 2026, and the S/X production line is now scheduled to be dismantled and rebuilt within four months as a dedicated humanoid robot manufacturing line, with a planned annual capacity of one million units. China was also added in May to the supported-market list for Tesla's supervised Full Self-Driving system, which the company has rebranded locally as "Tesla Assisted Driving" (TAD) — classified as an L2 driver-assistance system. Tesla has begun ramping recruitment of local test drivers to validate the software on Chinese roads ahead of a broader public rollout.Whether TAD's anticipated debut and the Model Y L's expanding Asia-Pacific footprint can sustain that momentum against increasingly aggressive domestic rivals is the central question heading into the second half of 2026.Conversion rate: 1 USD = 6.7612 CNY as of June 2, 2026