Tesla Sales in China Drop by 66% and Hit Lowest Level Since July 2022

Tesla's sales in the Chinese market in October 2026 decreased by 66.1% compared to the same month last year, reports CarNewsChina, citing the China Passenger Car Association (CPCA). Sales have declined year-on-year for the fifth consecutive month and fell below 10,000 vehicles for the first time since July 2022.

Tesla's Shanghai factory exported 59,012 vehicles, a 66.3% increase compared to the previous year. The total volume of Tesla China's wholesale deliveries, including domestic sales and exports, grew by 10.3% and reached 67,829 vehicles.

In September, Tesla sold 64,837 vehicles in China and exported 30,529. Compared to September, domestic sales in October dropped by 86.4%, while exports increased by 93.3%. The previous record for the share of exports in wholesale deliveries was 76%, set in October 2022.

On October 30, Tesla launched a five-year, 0% interest credit program in China for select versions of the Model 3 and Model Y. The minimum down payment was reduced from 79,900 yuan (approximately $11,900) to 39,900 yuan (approximately $5,940). The offer applies to orders placed by November 30. Buyers can choose a scheme with a large final payment or without it.

The base rear-wheel-drive Model 3 starts at 235,500 yuan (approximately $35,300), and the rear-wheel-drive Model Y starts at 263,500 yuan (approximately $39,500). For orders eligible under the promotion by November 30, the starting prices are reduced to 225,500 yuan (approximately $33,800) and 259,500 yuan (approximately $38,900), respectively.

From January to October, Tesla sold approximately 390,000 vehicles in China, 15% less than in the same period last year. Exports over the ten months increased by 101%, reaching 421,000 vehicles. The total volume of Tesla China's wholesale deliveries reached 811,000 vehicles, an increase of 21.4% year-on-year.