1 of 1
Story summary
- Tesla's October China sales fell to 26,006 units, a three-year low.
- Its market share dropped from 8.7% to 3.2% amid aggressive competition from NIO, Li Auto, and Xiaomi.
- Xiaomi's EV unit posted record sales and profitability.
- Leapmotor is gaining traction with cost-effective models.
- Tesla's revenue rose 12% to $28.10 billion while it faces challenges in Europe and must refresh its models to compete in China.
