Tesla's car sales in China in September were 74,073 units, a YoY decrease of 11%.
In September, Tesla sold 74,073 electric vehicles made in China, a YoY decrease of 10.9%.
According to a report released by the China Passenger Car Association on Sunday, Tesla (TSLA.US) sold 74,073 electric vehicles manufactured in China in September, a year-on-year decrease of 10.9%. As a result, the company's stock price was slightly affected. In September, the sales of the China-made Model 3 and Model Y decreased by 12% compared to August. Tesla exports many of its cars produced in China.
A week ago, Tesla announced that its vehicle deliveries in the third quarter were lower than the previous quarter.
The company stated, "As discussed in the recent earnings conference call, the decrease in sales compared to the previous month is due to the factory upgrade plan shutdown." "Our sales target of approximately 1.8 million vehicles in 2023 remains unchanged."
On October 6, the company significantly reduced the prices of certain Model 3 and Model Y models in the United States.
Tesla will announce its third-quarter earnings on October 18.
Tesla's stock price fell by about 2% in early trading on Monday and ultimately closed down 0.33% at $259.67.