Tesla Faces Delivery Target Uncertainty as China Retail Sales Drop to Four-Year Low

Tesla faces mounting uncertainty over meeting its full-year vehicle delivery guidance following a sharp drop in Chinese sales to their lowest level since 2022. Domestic retail sales in China fell 66% year over year and plunged 86% month over month to 8,817 vehicles in October, marking a fifth straight month of annual declines. Despite the domestic slump, exports from the Shanghai facility surged 66% year over year to 66,330 units, lifting overall wholesale volumes by 10%. With shares down about 16% year-to-date, persistent China weakness threatens fourth-quarter automotive revenues and margins.