Source: Tesla

Tesla’s China-made vehicle sales declined in October, according to preliminary data released on November 4, 2025. The China Passenger Car Association (CPCA) reported that the company delivered 61,497 vehicles produced at its Shanghai plant, a year-on-year decrease of nearly 10%.

This also represents a 32.3% month-on-month drop from the 90,812 wholesale units in September heading into the final quarter of the year.

October results include exports to global markets, which suggests that domestic China sales were possibly below 50,000 units. Of the 90,000 deliveries last month, 19,287 units were export sales.

The reduction in output reflects growing expectations that Tesla (NASDAQ: TSLA) will face demand pressure across several key markets during the remainder of 2025.

The company’s Shanghai facility serves as a core global export hub, but the CPCA data did not specify the split between domestic deliveries and overseas shipments. Through the third quarter, Tesla China has exported 72,596 electric vehicles from its Shanghai plant.

Tesla’s global sales trajectory has slowed amid weaker consumer demand in Europe and reduced clarity in the U.S. market, where federal tax credit incentives that supported record deliveries in the third quarter have expired.

To support volume, Tesla recently introduced affordable versions of the Model Y and Model 3. These configurations are listed below $40,000 per vehicle.

Source: Tesla

At the current exchange rate, this places pricing below 285,000 CNY. However, these versions come with reduced battery range and fewer interior features, including the removal of certain cabin lighting elements and rear-passenger display screens.

Forecasts indicate that Tesla’s global vehicle deliveries may total approximately 1.64 million units in 2025, with an estimated 445,000 units expected in the fourth quarter. If realized, this would mark another year of lower annual shipment volume for the company.

In contrast, the broader Chinese electric vehicle market continues to expand. The CPCA reported that new energy vehicle (NEV) sales in China reached 1.61 million units in October, up 16% year-on-year.

The final months of the year traditionally represent the most active sales period in China as automakers target year-end volume objectives.

Conversion rate: 1 USD = 7.128 CNY as of November 4, 2025