According to data released by the China Association of Automobile Manufacturers, Tesla’s October sales of China-made EVs increased 10.3% year on year. Total deliveries, including exports to Europe, APAC and Canada, reached 67,829 units, exceeding the year-earlier level for the 12th consecutive month. Sales fell 28.9% month on month.
According to data released by the China Passenger Car Association, Tesla’s October sales of China-made EVs increased 10.3% year on year, with deliveries of Model 3 and Model Y produced at its Shanghai plant reaching 67,829 units. The total, including exports to Europe, APAC and Canada, marked a year-on-year increase for the 12th consecutive month, although it fell sharply from the previous month.
New vehicle registrations surged in several European markets, and the recovery in sales across the region continued. In South Korea, meanwhile, Tesla ranked first in the imported vehicle market, with China-made vehicles accounting for part of its exports.
In terms of corporate investment trends, Tesla cut its annual capital expenditure outlook by 20%, while its investment in AI and robotics fell well short of analyst expectations. Free cash flow turned positive in the third quarter.
The possibility of a large-scale merger between Tesla and space company SpaceX is expected to face significant obstacles from scrutiny by regulators in various countries. Concerns over national security and the transfer of data and technology could become issues.