shanghai gigafactory

Tesla China retail sales plunge 66% in October to lowest since July 2022 as exports hit record 87% share

Tesla sold just 8,817 vehicles at retail in China in October, down 66.10% year-on-year and 86.40% from September, marking its fifth straight month of annual declines and the first sub-10,000 month since July 2022. Meanwhile, the Shanghai factory exported 59,012 vehicles, a record 87% of wholesale volume, as Tesla pivots output toward overseas markets.