Tesla China EV Sales Rise 10 Percent
Tesla reported a 10.3 percent year-on-year increase in China-made electric vehicle sales for October, reaching 67,829 units. Deliveries grew at a faster pace than September while exports and regional registrations showed strong momentum.
Insights:
Tesla's China-made vehicle sales rose 10.3% year-on-year to 67,829 units in October, per data from the China Passenger Car Association released Tuesday morning. The annual growth rate accelerated from a 5% increase in September, marking a 12th consecutive month of gains. For investors, the rebound signals sustained overseas demand despite a 28.9% contraction on a monthly basis.
