Core Insights - Tesla is introducing a long-range rear-wheel-drive Model Y to boost its declining sales in China, featuring a range of 821 km, the longest for any Model Y to date [1][8] Sales Performance - Tesla's sales in China dropped to 26,006 units in October, marking a 35.8% decline year-over-year and the lowest sales figure in three years [3] - Sales fell sharply from 71,525 units in September, coinciding with the launch of the Model Y L, a six-seat version exclusive to China [3] Market Share and Competition - Tesla's market share in China fell to 3.2% in October, down from 8.7% in September, indicating a company-specific slowdown despite overall EV sales growth in the market [4] - Domestic competitors like XPeng and NIO are offering models with comparable ranges at lower prices, making it challenging for Tesla to maintain its market position [6] Production and Exports - Exports from Tesla's Shanghai plant increased to 35,491 units in October, the highest in two years, suggesting a shift in production focus due to cooling domestic demand [5] Future Outlook - The launch of the new Model Y+ could help Tesla regain market share if it successfully balances price and performance, especially as the year-end period typically sees a rise in EV sales in China [5]