Tesla's China sales fall to 3-year low amid tepid demand

Core Insights - Tesla's sales in China fell to 26,006 vehicles in October, marking the lowest sales figure in three years as the company faces challenges with demand in a highly competitive market [1] Company Summary - Tesla's October sales in China represent a significant decline, indicating potential issues with market demand and competition [1] Industry Summary - The electric vehicle market in China is described as hyper-competitive, which may be impacting Tesla's sales performance [1]