Tesla China Sales Drop in September While Rival BYD Surges

Tesla's China-made EV sales fell 10.9% year-on-year in September to 74,073 vehicles.

Sales of Tesla's China-made Model 3 and Model Y were down 12% from August.

Chinese rival BYD saw passenger vehicle deliveries grow 42.8% in September to 286,903.

Tesla is bracing for a revival in consumer sentiment with discounts and tax breaks for green vehicles.

Tesla missed market estimates for global third quarter deliveries due to factory upgrades for the Model 3.