Tesla's electric vehicle deliveries in China in October decreased by 5.3% year-on-year and dropped significantly by 23% month-on-month
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In October, Tesla delivered 68,280 electric vehicles in China, a year-on-year decrease of 5.3% and a month-on-month decrease of 22.7%. Domestic sales exceeded 40,000 units, a year-on-year increase of 41%. Tesla needs to sell at least 515,000 electric vehicles in the last three months of 2024 to achieve a slight increase in annual sales expectations. BYD's sales in the same month increased by 66.2% year-on-year, setting a new record. Tesla's third-quarter financial report showed earnings exceeding expectations, with the stock price rising nearly 22% at one point
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