- Tesla China's wholesale sales in October totaled 61,497 units, marking a 9.93 percent year-on-year decline and a 32.28 percent decrease from September.
- Part of the reason may be the fading enthusiasm for the Model Y L, which began deliveries in China in early September.
Tesla (NASDAQ: TSLA) saw its China-made vehicle sales turn downward again last month as the buzz around the six-seat Model Y L faded.
Tesla China's October wholesale sales came in at 61,497 vehicles, the lowest since May, according to data released today by the China Passenger Car Association (CPCA).
The figure, including both domestic sales and exports from China to overseas markets, represents a 9.93 percent decrease from the 68,280 units sold in the same period last year and a 32.28 percent drop from September's 90,812 units.
Last month's weak performance marked Tesla China's eighth year-on-year decline in the first ten months of this year. Its wholesale sales only saw year-on-year growth in June and September.
From January to October, Tesla China's wholesale sales totaled 667,861 units, down 10.24 percent year-on-year.
October's renewed sales decline may partly stem from waning enthusiasm for the Model Y L SUV (sport utility vehicle), which began deliveries in China in early September.
The model was launched in China on August 19. On September 4, a local media outlet reported that cumulative orders for the Model Y L had reached 120,000 units at that time.
Current Model Y L customers in China are expected to receive deliveries in December, according to Tesla China's website.
For the five-seat Model Y, the estimated delivery times for its two variants -- the single-motor rear-wheel drive and long-range all-wheel drive -- are 3-5 weeks and 2-4 weeks after ordering, respectively.
On October 13, local media outlet 36Kr reported that Tesla China was advancing two new vehicle projects, internally codenamed E41 and D50, which are stripped-down versions of the current Model Y and Model 3.
Parts of the design and validation reports for both new projects reuse existing Model Y and Model 3 components, with both models already entering the validation testing phase, the report cited sources as saying.
Preliminary information from multiple sources indicates these simplified models may begin production in China around mid-2026 or later, according to 36Kr.
Tesla will participate in the 8th China International Import Expo starting tomorrow, where its Cybercab robotaxi will make its Asia-Pacific debut.
The company shared multiple images on Weibo today, revealing it will showcase the Cybercab, Cybertruck, Model 3, Model Y, humanoid robot, and charging infrastructure at the expo.
