Tesla sold 95,366 Model 3 and Model Y vehicles built in Shanghai in September, up 5% from a year earlier and the 11th straight month of year-over-year gains. Shanghai-built sales rose 13.7% in Q3, helped by a European rebound, while global Q3 deliveries fell 2.1% against a record year-ago quarter. Tesla is offering discounts of 7,000 yuan on select Model Y versions and 5,000 yuan on Model 3 through the end of October. Automotive margins excluding regulatory credits fell from 19.2% to 16.3% in Q2, and capex is set to top $25 billion this year. The article says discounts could squeeze profits, while Tesla is on track for full-year growth after two years of decline.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/09/2026 | 382.70 |
| Change that session | +2.05% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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