Tesla China records a significant increase in exports in October, while local sales decline.
Introduction
Tesla In October, the Chinese economy recorded an impressive increase in exports although the domestic sales experienced a decline. This development is typical for Tesla, as the company shifted its focus from domestic deliveries to the export exports. Find out more about the latest figures and what they mean for the future.
Export boom in October
The latest data from the China Passenger Car Association (CPCA) show that Tesla China as a whole in October 68,280 vehicles were sold.
- Domestic sales40,485 vehicles
- Exports27,795 vehicles
This corresponds to an impressive increase in exports of 72,4 % compared to September, when 16,121 vehicles were exported.
Decline in domestic sales
Despite the export success Tesla the lowest level of domestic sales since April. Nevertheless, the 40,485 vehicles sold represent a increase of 41 % compared to October 2023, when 28,626 vehicles were sold.
- Comparison with September: A decrease in domestic sales of 43,9 % compared to the 72,200 units sold in the previous month.
Model Y remains bestseller
The Tesla Model Y continues to top the sales charts and makes 61,9 % of total October sales.
- Decline compared to the previous year10.4% less than in October 2023.
- Decrease compared to September 2024: 17.4 % fewer sales.
Model 3 records slight growth
The Tesla Model 3 carries 38,1 % to overall sales.
- Increase compared to the previous year: 4.3 % more than in October 2023.
- Decrease compared to September 2024: 30 % fewer sales.
Giga Shanghai as a global export hub
The Gigafactory Shanghai plays a decisive role in Tesla's global success:
- Production: Mainly Model 3 and Model Y.
- export marketsEurope, Australia and, until recently, Canada.
- Strategy: At the beginning of each quarter, the focus is on exports, which explains the decline in domestic sales.
Celebration of the millionth exported vehicle
Tesla China recently celebrated the delivery of the 1 millionth exported vehicle celebrated. This milestone underlines the importance of Gigafactory Shanghai for Tesla's global success.
New sales incentives
To increase the year-end sales to boost year-end sales, has Tesla a new incentive program introduced:
- Chance to win: Buyers can win a all-inclusive trip to Shanghai to visit the factory.
Conclusion
Despite a decline in domestic sales Tesla China shows strong export figures and continues its growth trajectory. The strategic focus on exports at the beginning of the quarter and innovative sales incentives strengthen the position of Tesla on the global market.
Keywords: Tesla, Tesla Model Y, Tesla Model 3, Tesla Accessories, Tesla Store, Shop4Tesla, Tesla News, Tesla China, Exports, Gigafactory Shanghai
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