Tesla sets sales record but production cut on cards

Tesla posted record sales for the month of November in China and export markets by selling 100,291 EVs in November.

That’s up from 71,704 sold in October according to the Chinese Passenger Car Association (CPCA). It’s an increase of 39.9% in the month.

Some of the November-produced Tesla EVs will be Australian-bound for deliveries in December.

From Tesla’s November production and sales figures, it’s clear to see the production ramp-up in July and August is having a big impact on reaching this record.

Many Australian customers have been waiting since March to receive their Tesla Model 3. With EV production hitting an all-time high, these customers will be receiving their cars in the coming weeks and months.

A recent report from Bloomberg now also notes that Tesla may be cutting production as the demand for its EVs in China and other parts of the world drops.

Over the last couple of months, Tesla has tried a few ways to increase demand in China and other countries. This has included price cuts but that hasn’t been as effective with record production output.

The stock even in markets like ours here in Australia is starting to end up in local inventory for customers immediate delivery. An early sign of export demand lowering was seen in the UK with lots of Tesla models in inventory last month.

These factors are part of the reason why Tesla may need to reduce output until demand picks back up again in these markets.

For those looking at getting behind the wheel of an EV sooner, this is a good time to keep an eye out on Tesla’s local inventory page as more will be added with new shipments to Australia.