特斯拉中国出货量重回跌势：10月同比下降9.9%，环比骤降32.3%

Core Insights - Tesla is experiencing a significant decline in sales in the crucial Chinese market, contributing to challenges in the fourth quarter and the potential for a second consecutive year of global sales decline [1][2][3] Group 1: Sales Performance - Tesla's Shanghai factory reported a shipment of 61,497 vehicles in October, marking a year-on-year decline of 9.9% and a month-on-month drop of 32.3% [1][2] - This decline represents the eighth monthly sales drop for Tesla in 2025, indicating a significant reduction in sales momentum [2] - The overall global growth momentum for Tesla is diminishing, with weak demand observed in both the Chinese and European markets [2][3] Group 2: Market Challenges - The end of the tax credit policy in the U.S. has created uncertainty in the market, impacting Tesla's sales momentum after a record third-quarter performance [2][3] - To stimulate demand, Tesla has introduced a new version of its popular model priced below $40,000, although this model features reduced range and fewer interior amenities [3] - The effectiveness of this strategy in addressing the increasing challenges remains to be seen [3] Group 3: Sales Forecast - Analysts predict that Tesla will sell 1.64 million vehicles in total for 2025, with an estimated fourth-quarter sales figure of 445,111 vehicles [1][3]