Tesla July China Deliveries Drop 33% as Shanghai Exports Hit Record

• Tesla's Shanghai plant exported 295,324 vehicles in the January-July period, up 130.12% year-on-year and already more than in all of 2025.
• Tesla delivered 27,249 vehicles in China in July, down 32.91% year-on-year.

Tesla (NASDAQ: TSLA) saw its China deliveries fall almost 33% year-on-year in July, while exports from its Shanghai plant hit a record high. The contrast underscores how the company's China operations are becoming more reliant on overseas markets.

Tesla delivered 27,249 vehicles in China in July, down 32.91% year-on-year and 48.51% from June, according to CnEVPost calculations based on data from the China Passenger Car Association (CPCA).

That marks the second consecutive month of year-on-year declines in Tesla's China deliveries.

Exports from the Shanghai plant, meanwhile, came in at 66,330 vehicles in July, up 143.24% year-on-year and 83.38% from June. The figure tops the 54,504 units of October 2022, setting a monthly export record.

Exports accounted for 70.88% of Tesla China's wholesale sales in July, the highest share since the 73.26% seen in January this year.

Driven by exports, Tesla China's wholesale sales reached 93,579 vehicles in July, up 37.85% year-on-year and its strongest July ever.

By model, the Model Y saw 25,158 deliveries in China in July, down 18.23% year-on-year, accounting for 92.33% of the local total.

Model 3 deliveries in China were just 2,091 units, down 78.77% year-on-year.

The export mix was more balanced. Of the vehicles shipped abroad in July, 31,652 were Model 3s and 34,678 were Model Ys, up 159.51% and 130.08% year-on-year, respectively.

In the first seven months of the year, Tesla delivered 266,204 vehicles in China, down 12.44% year-on-year. Model Y deliveries were 197,671 units, down a slight 2.27 percent, while Model 3 deliveries were 68,533 units, down 32.66 percent.

The Shanghai plant exported 295,324 vehicles over the same period, up 130.12% year-on-year and already more than the 226,034 units for all of 2025.

China's retail sales of new energy vehicles (NEVs) were 951,000 units in July, including 647,000 battery electric vehicles (BEVs).

Tesla's share of the NEV retail market slipped to 2.87 percent, while its share of the BEV market was 4.21 percent, both the lowest since October 2025.

The Shanghai plant is Tesla's largest and most utilized production base globally, with annual capacity of about 1 million vehicles.

Late in July, The Wall Street Journal reported that Tesla was considering spinning off its China business, though CEO Elon Musk later denied it, saying the claim "has never even come up in a discussion ever."