In October 2024, Tesla China sold 68,280 vehicles, down 22.69% from September, marking a decline in both month-over-month and year-over-year sales. This drop raises concerns about market dynamics.
Despite the decline in wholesale sales, Tesla China's year-to-date domestic sales have increased by 6.5%, suggesting resilience in demand for its vehicles within the domestic market.
Industry estimates place Tesla's Model Y as a top contender in China's NEV segment, with approximately 373,000 units sold this year, solidifying its market position.
To match its record deliveries from 2023, Tesla would need to deliver around 515,000 vehicles in Q4 2024, a challenging yet potentially achievable target if sales pick up.
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