financetom
Business
financetom
/
Business
/
Tesla's Oct China-made EV sales fall 5.3% y/y
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tesla's Oct China-made EV sales fall 5.3% y/y
Nov 4, 2024 11:34 AM

BEIJING (Reuters) -U.S. automaker Tesla sold 68,280 China-made electric vehicles in October, down 5.3% from a year earlier, data from the China Passenger Car Association (CPCA) showed on Monday.

Deliveries of China-made Model 3 and Model Y vehicles fell 22.7% from the previous month.

Chinese rival BYD, with its Dynasty and Ocean series of EVs and plug-in hybrids, hit another monthly record, with a 66.2% year-on-year increase in passenger vehicle sales to 500,526 units last month.

Overseas shipments made up 6% of total sales, according to a BYD filing.

The U.S. EV company's third-quarter earnings beat estimates after one-offs for layoffs in the prior quarter and it posted the first annual gain in deliveries this year owing to sales promotions.

It still outsold BYD in EV shipments last quarter, but was bested by the Chinese rival in revenue terms.

In late October, Tesla extended a zero-interest financing scheme it first introduced in China in July for some Model 3 and Model Y cars by another month to the end of November.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BOXABL Announces New Contracts: 51-Unit Deal With Grace Bible Church-Rialto and 20-Unit Contract With Gateway Christian via Innovate ADU, Strengthening Its Market Penetration With Faith-Based Organiza
BOXABL Announces New Contracts: 51-Unit Deal With Grace Bible Church-Rialto and 20-Unit Contract With Gateway Christian via Innovate ADU, Strengthening Its Market Penetration With Faith-Based Organiza
Oct 14, 2025
LAS VEGAS, Oct. 14, 2025 /PRNewswire/ -- BOXABL Inc., a pioneering leader in revolutionary modular housing solutions, which is currently in a S-4 registration process for its previously announced merger with FG Merger II Corp. ( FGMC ) , proudly announces two new contracts with Innovate ADU, one of its preferred builders in California. These include a 51-unit agreement with...
What's Going On With Opendoor Technologies Stock Tuesday?
What's Going On With Opendoor Technologies Stock Tuesday?
Oct 14, 2025
Opendoor Technologies Inc ( OPEN ) shares are trading higher Tuesday as investors weigh the polarized debate surrounding the iBuyer’s future. Here’s what investors need to know. OPEN is demonstrating bullish strength. Check the fundamentals here. What To Know: The movement higher in Opendoor ( OPEN ) shares on Tuesday follows a period of significant volatility for the real estate technology...
Market Chatter: Goldman Sachs Plans New Job Cuts Amid AI Push
Market Chatter: Goldman Sachs Plans New Job Cuts Amid AI Push
Oct 14, 2025
12:31 PM EDT, 10/14/2025 (MT Newswires) -- Goldman Sachs ( GS ) will cut some roles before the end of the year while limiting overall hiring as it looks to reduce costs and expand AI use, Bloomberg reported Tuesday, citing a company memo to staff. A spokesperson for the bank said Goldman's total workforce will still rise by year-end despite...
Market Chatter: Humana Loses Suit Over Medicare Bonus Cuts as Judge Backs Ratings Downgrade
Market Chatter: Humana Loses Suit Over Medicare Bonus Cuts as Judge Backs Ratings Downgrade
Oct 14, 2025
12:30 PM EDT, 10/14/2025 (MT Newswires) -- Humana (HUM) lost its bid to overturn cuts to Medicare Advantage bonus payments as a Texas judge ruled for the US government and upheld a downgrade to quality star ratings that influence plan reimbursements, Bloomberg Law reported Tuesday. The decision affirms the Centers for Medicare & Medicaid Services' quality ratings changes, which Humana...
Copyright 2023-2026 - www.financetom.com All Rights Reserved