Tesla's China-made EV sales fall 9.9 percent y/y in October

Tesla's China-made electric vehicle sales fell 9.9 percent to 61,497 units in October from a year earlier, reversing a 2.8 percent increase in September, data from the China Passenger Car Association showed on Tuesday.

Sales of the US automaker's Model 3 and Model Y vehicles made at its Shanghai "gigafactory", including exports to Europe, India and other markets, dropped 32.3 percent from September.

Its biggest Chinese rival, BYD (1211), posted a 12 percent drop in global vehicle sales last month, a second consecutive month of decline and the steepest fall in nearly two years amid hyper-competition in the home market.

Reuters