Tesla saw a decline in its China-made vehicle sales in October, breaking a three-month streak of sequential gains, according to data released by the China Passenger Car Association (CPCA) on Monday.
Tesla’s Shanghai factory produced and sold 68,280 vehicles last month, including those for local markets and exports, marking the lowest monthly figure since April. The October sales reflect a 22.7% drop from the 88,321 units sold in September and a 5.3% decline year-over-year from 72,115 units sold in October 2023.
In total, Tesla China has sold 744,038 vehicles in the first ten months of 2024, down 3.5% compared to the same period last year, CPCA data showed.
While the Shanghai plant produces Tesla’s Model 3 sedan and Model Y crossover, specific figures separating domestic sales from exports were not disclosed by the company.
The dip follows strong domestic competition in China’s EV market, where local manufacturers continue to report robust growth.
