Tesla Shanghai Factory Raises September EV Sales 5 Percent

Tesla Inc. increased China-made electric vehicle deliveries in September to 95,366 units from its Shanghai factory, extending year-over-year growth for 11 consecutive months despite lower global deliveries. The vehicles served China and export markets including Europe, Asia-Pacific and Canada, according to China Passenger Car Association data reported by Reuters.

The September figure was 5% higher than the same month a year earlier, while third-quarter Shanghai deliveries rose 13.7% based on Reuters calculations using CPCA data. Tesla’s worldwide third-quarter deliveries declined 2.1% from the previous record quarter, according to company figures.

Stocktwits reported that Tesla Shanghai’s September wholesale sales included 64,837 retail deliveries in China and 30,529 exports. Exports increased 58% year over year, while exports represented about 49% of Shanghai’s volume through September compared with about 29% a year earlier.

Tesla has used incentives to support demand in China, with selected Model Y versions receiving a 7,000-yuan reduction on final payments and all Model 3 variants receiving a 5,000-yuan reduction through October, according to Yahoo Finance.

Tesla CEO Elon Musk addressed plans for the Terafab semiconductor facility after discussions involving TSMC. Musk said Tesla and SpaceX would retain control of the planned chip complex.

"No, we will build and run the fab. Let there be ZERO doubt about that. Maybe TSMC subleases part of the Terafab if they want, but nothing more than that," said Elon Musk, Tesla CEO.

Musk previously described Terafab as a large semiconductor facility intended to support autonomy, robotics and computing projects. TradingKey reported that Tesla expected capital expenditures in 2026 to exceed $25 billion.

Tesla also adjusted the naming of its driver-assistance software on European websites after Germany’s transport ministry raised concerns about the previous name.

"Tesla Assisted Driving" was the new software label used on some European Tesla websites, according to Stocktwits.

The change followed regulatory discussions in Europe, where Tesla is seeking broader approval for autonomous driving technology. TradingKey reported that eight of the 27 European Union member states had granted some form of permission for the technology.

"long and difficult journey" described the outlook for Lucid’s operations from BNP Paribas analyst James Picariello, according to Stocktwits.

Picariello made the comment after Lucid reported lower-than-expected deliveries and reduced production. Stocktwits reported Tesla, Rivian and Lucid retail sentiment indicators at the time of publication.

"bearish" described Stocktwits retail sentiment around Tesla shares at the time of writing, according to Stocktwits.

The same Stocktwits report said sentiment around Rivian and Lucid remained neutral.

"neutral" described Stocktwits retail sentiment around Rivian and Lucid at the time of writing, according to Stocktwits.

Tesla’s third-quarter deliveries totaled 486,532 vehicles, including 478,237 Model 3 and Model Y units, according to TradingKey. The company produced 464,391 vehicles during the quarter before its upcoming earnings report scheduled for October 21.