Tesla Shanghai deliveries fall 9.9% in October as China demand cools

Tesla’s deliveries from its Shanghai factory fell sharply in October, underscoring a cooling in its China business that could complicate a critical final quarter for the automaker. Data from the China Passenger Car Association showed the Shanghai plant shipped 61,497 vehicles in October, a 9.9 percent decline from the same month last year and a 32.3 percent drop from September.

The October decline reverses a modest uptick in September and continues a trend of weakening wholesale shipments from Shanghai, which have fallen in eight of the past 10 months. The factory produces Model 3 and Model Y vehicles for both domestic sales and exports to markets including Europe and India, and the month over month fall suggests pressure on both home-market demand and shipments abroad.

Through September, Tesla had sold roughly 438,000 vehicles in China year to date, down about 5 percent from the same period in 2024. China accounted for roughly 36 percent of Tesla’s global vehicle sales through the first three quarters of the year and generated more than 20 percent of the company’s revenue in 2024, making the market a key pillar of Tesla’s overall performance.

The weakening in Tesla’s China...