Extra gross sales information from China reveals an attention-grabbing distinction between Tesla’s exports and retail gross sales on this planet’s largest electrical automotive marketplace for the month of November.

In line with the China Passenger Automotive Affiliation’s (CPCA) information, out of 82,432 Tesla MIC Mannequin 3/Mannequin Y wholesale automobile shipments final month, the overwhelming majority falls on native gross sales—65,504 (up 5% year-over-year), whereas export represents solely a small a part of 16,928 items (down 55% year-over-year).

* CPCA stories wholesale shipments, not registrations/buyer deliveries.

We’re not certain why exports decreased a lot, nor why they’re down for the second consecutive month (after a 20% drop in October).

Tesla MIC Mannequin 3/Mannequin Y wholesale shipments final month (YOY change):

• Retail gross sales in China: 65,504 (up 5%)
• Export: 16,928 (down 55%)
• Whole wholesale shipments: 82,432 (down 18%)

Nonetheless, the outcomes after 11 months of the yr are nonetheless constructive. Retail gross sales in China and exports are up year-over-year by a couple of third.

The principle subject is that the year-over-year development fee considerably decreased even supposing the corporate lowered costs (affecting its margins).

Tesla MIC Mannequin 3/Mannequin Y wholesale shipments year-to-date (YOY change):

• Retail gross sales in China: 527,859 (up 33%)
• Export: 325,744 (up 27%)
• Whole wholesale shipments: 853,603 (up 30%)

Mannequin Gross sales

When it comes to fashions, in November, the entire wholesale shipments decreased in comparison with November 2022:

• MIC Mannequin 3: 23,999 (down 23%)
• MIC Mannequin Y: 58,433 (down 15%)

That is an attention-grabbing final result, contemplating that each fashions had been refreshed—the Mannequin 3 (code identify Highland) has been considerably upgraded whereas the Mannequin Y has been barely up to date.

Much more attention-grabbing is that the Mannequin 3 wholesale shipments in November had been decrease than in October (24,951) and never a lot increased than in July-September (over 20,000).

One of many explanations is that the Tesla Giga Shanghai manufacturing unit won’t be capable to produce a better variety of the brand new Mannequin 3 vehicles but.