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Tesla’s China EV Shipments Decline in October, TSLA Stock Dips

Tesla’s China EV Shipments Decline in October, TSLA Stock Dips

Author:

Global Cryptocurrency

Published:

2025-11-04 15:47:02

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BTCCSquare news:

Tesla’s China-made electric vehicle sales fell 9.9% year-over-year in October, with 61,497 units sold—a sharp reversal from September’s modest 2.8% gain. The Shanghai gigafactory, which produces Model 3 and Model Y vehicles for domestic and export markets, saw demand weaken despite the recent launch of the Model Y L. Tesla shares dropped 2.5% in pre-market trading amid the sales slump and shareholder dissent over Elon Musk’s $1 trillion pay package.

The October decline marks eight out of ten months in 2025 where Tesla’s China sales have contracted year-over-year. With the fourth quarter looking increasingly challenging, the EV giant faces mounting pressure to reignite growth in its key market.

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