Tesla's Shanghai factory exported 59,012 vehicles in October 2026, marking a 66.27% year-on-year increase. Exports accounted for a record 87% of the company's total wholesale sales in China for the month.
Domestic retail sales in China dropped to 8,817 vehicles in October, a 66.10% decline year-on-year and an 86.40% decrease from September. This is the lowest monthly figure since July 2022.
Tesla's share of China's new energy vehicle market fell to 0.80% in October, while its share of the battery electric vehicle market decreased to 1.15%. Both figures are the lowest since April 2022.
For the first 10 months of 2026, Tesla recorded 389,905 retail sales in China, down 15% year-on-year. During the same period, the Shanghai factory exported 420,984 vehicles, a 101.28% increase.
To stimulate demand, Tesla introduced a financing program on October 30, reducing the minimum down payment for 5-year interest-free loans on specific Model 3 and Model Y variants to ¥39 900.
