Tesla's factory in Shanghai shipped 61,497 vehicles in October, marking a nearly 10% decrease compared to the same month last year. This latest figure represents the eighth month of declining shipments out of the past ten, signaling potential headwinds for the electric vehicle manufacturer in the highly competitive Chinese market. The data adds to expectations that Tesla might face a challenging final quarter for its global sales. The news follows a period of fading global momentum for Tesla after a previous record-breaking quarter for vehicle deliveries. In response to the ongoing trend and ahead of the official data release, Tesla's shares experienced a 2.2% decline in New York trading on Tuesday, November 4th. This market reaction suggests investor concern regarding the company's performance in China.
Tesla's China Shipments Decline for Eighth Time in Ten Months
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