TESLA CHINA SALES DECLINE AMID BYD'S RECORD GROWTH
SALES PERFORMANCE
• $TSLA (-4.58%) 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 (-0.27%) 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