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Tesla Investors Await Q3 Deliveries as Chinese EV Makers Set Records
Tesla Investors Await Q3 Deliveries as Chinese EV Makers Set Records
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BTCCSquare news:
Tesla (TSLA) faces heightened scrutiny as it prepares to release Q3 delivery figures, with Chinese competitors XPeng (XPEV), Nio (NIO), and Xiaomi (XIACF) reporting record September sales. XPeng's deliveries surged 94.7% year-over-year, while Xiaomi crossed 40,000 units for the first time, directly challenging Tesla's Model 3 and Y in China.
Despite a 35% four-week rally, Tesla shares dipped 0.92% in pre-market trading amid growing competition. The EV market's intensifying battleground shifts focus to execution as legacy automakers and crypto-backed ventures alike jostle for position in the electrification race.
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