Industrial and Commercial Bank: Tesla's October sales have significantly declined in all regions.

In its research report, Fuguo Bank pointed out that preliminary estimates show that Tesla's deliveries in October may be down 23% year-on-year. The report analyzed key markets based on available data from the United States, the European Union, South Korea, and China. Analyst Colin Langan wrote in the report to clients that sales have declined significantly in all regions, not just in the United States, and delivery data is noticeably weak. "The expected decline in sales in the fourth quarter may reflect the end of the impact of the 'Lowering Inflation Act' and increased competition in overseas markets," the analyst wrote, referring to the federal electric vehicle subsidy provided by the law.