China exported 40,666 units and sold 13,725 units in China in October.

(Graphic by CnEVPost)

Tesla (NASDAQ: TSLA) China's wholesale sales in October were 54,391 units, up 348 percent year-on-year and down about 3 percent from September, according to data released today by the China Passenger Car Association (CPCA).

Tesla China exported 40,666 units in October, meaning it sold 13,725 units in China, the CPCA data show.

Tesla produces Model 3 and Model Y at Giga Shanghai, and breakdown data on both models is currently unavailable.

China's October wholesale sales of new energy passenger vehicles were 368,000, up 148.1 percent year-on-year and up 6.3 percent from September, the CPCA's data show.

This includes 303,000 BEVs (battery electric vehicles) and 65,000 PHEVs (plug-in hybrids), accounting for 82.3 percent and 17.7 percent, respectively.

In October, Tesla saw its 1,000th Supercharger station in the Chinese mainland, a local data center and the opening of a new large delivery center in Shanghai.

On October 25, Tesla shares jumped 12.66 percent to $1,024.86, giving it a total market cap of about $1.027 trillion, making it the first US car company with a market cap of more than $1 trillion.

Notably, however, Tesla CEO Elon Musk launched a poll on Twitter over the weekend to let Internet users decide whether he should sell 10 percent of Tesla shares, saying he would abide by the results.

The results of that poll showed that most users supported Musk selling those shares.

As of press time, Tesla was down more than 5 percent in pre-market trading Monday.

Become A CnEVPost Member

Become a member of CnEVPost for an ad-free reading experience and support us in producing more quality content.

Become A Member