In October, the overall wholesale vehicle shipments (local retail sales and exports) of Tesla Made-in-China (MIC) cars showed another warning sign.
According to the China Passenger Car Association 's initial data, the overall volume of Tesla MIC Model 3/Model Y cars last month amounted to 72,115 units, which is barely 0.6 percent more than a year ago. This result is also lower than in October , which was down by almost 11 percent year-over-year, and lower than in August . On top of that, we must remember that most of the Chinese manufacturers are expanding their EV sales, which means a reduction of Tesla's market share.
It was potentially too late to boost October, but in November there will be no excuse, especially since Tesla officially admitted that the Giga Shanghai plant is ready to produce more than 950,000 EVs a year . Tesla MIC BEV wholesale vehicle shipments last month : Model 3/Model Y: 72,115 So far this year, the total wholesale sales exceeded 770,000 units, which is 39 percent more than a year ago.
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