TESLA CHINA SALES DECLINE AMID BYD'S RECORD GROWTH

SALES PERFORMANCE

• $TSLA (+0.65%) China-made vehicle sales: 68,280 units

  - Year-over-year decline: 5.3%

  - Month-over-month decline: 22.7% (Model 3 and Model Y)

COMPETITOR PERFORMANCE

• $1211 (-2.28%) monthly performance:

  - Total sales: 500,526 units

  - Year-over-year growth: 66.2%

  - Overseas shipments: 6% of total sales

STRATEGIC INITIATIVES

• Tesla extends zero-interest financing:

  - Program continuation through November

  - Applies to select Model 3 and Model Y vehicles

  - Originally launched in July 2024

FINANCIAL CONTEXT

• Q3 2024 Performance:

  - Earnings exceeded estimates

  - First annual delivery growth in 2024

  - Maintained EV delivery leadership over BYD

  - BYD surpassed Tesla in revenue