Tesla China's Oct wholesale drops to lowest level since May

No worries though folks.... Tesla's stock price has nothing to do with car sales.

They're still gonna vote for him to get a trillion and the stock is gonna pump when the fools give it to him after hours you just watch I don't know when this house of cards will fail but a whole year (two years?) of falling sales doesn't seem to do it

When they say that includes exports, where are they exactly exporting them too, sales are dropping everywhere so there must be excess capacity across the whole of the manufacuring bases.

The nations that reported declining sales are still selling vehicles (just less of them) and will still need to replenish their inventories The drop in sales in Europe could be partially reflected in that \~10% drop in Chinese wholesale sales. We don't know exactly what percentage of those wholesale numbers are from domestic sales or exports, at least not from this article. Tesla China ships to Europe (model 3 at least), to various East and south east Asian nations, the Middle East, Australia, New Zealand, Canada... etc. It's possible wholesale exports could be getting sold to dealerships, but aren't selling through to customers, but still counts as a sale for Tesla. If that's the case and inventory is building up at those dealerships, then those dealerships will only buy according to their inventory needs. With Tesla selling down so much inventory in Q3 (I imagine that was mostly in the US, but could have been in other nations as well), it's possible they have at least some slack to build up inventory again in Q4. Either way... a 10% decline y/y in October for Chinese wholesale sales isn't good.

Sell the news event. I don’t think there’s gonna be a big pump. It’s down slightly in the afters

stock up 5%

Nah, it was down today, and is currently down after hours.

Up in aftermarket. Was down all day

Why Chinese still buying Tesla over BYD?

Big sell off this morning with the market. If you read some of my comments in this sub about Tesla stock, you'll understand why the price doesn't go down. It'll take a market correction to push the price down, and like early 2025, when that happens, Tesla massively underperforms the market. The S&P 500 dropped 21% in Q1 2025. Tesla dropped 56%. The reason Tesla stays propped up even amidst terrible performance is largely due to stock market dynamics and positioning. The stock is built like a house of cards. It can be built fast, but when there's a strong enough wind (market pullback), the house of cards gets demolished. It's nothing new either. Go back to 2021-2022 and follow the chart up from there. This is a boom and bust stock. It shoots up then collapses. Shoots up then collapses. Shoots up then collapses.

I generally agree with you but I feel that come Q1 (or latest Q2/Q3) 2026, it will collapse regardless of where the market is. 25Q4 is going to be a disaster for Tesla, and the following couple of quarters are going to be pretty bad as well. By that time, it would be pretty clear that robotaxi and Optimus are moonshots incapable of generating any sizable cash flows. At that point even the most brainless bag holders will sell, and some of the institutional investors will certainly start divesting. And if the AI bubble also starts imploding in the coming months, it will be a complete annihilation for Tesla stock. I simply don’t understand why people (including reputed “analysts”) can’t see that Edolf has lost his mind.