Tesla (TSLA) News Today — November 10, 2025: China Sales Hit 3‑Year Low, Cybertruck Chief Exits, and Tesla Launches Short‑Term Rentals
China: sales slide underscores a tougher competitive landscape Fresh data out of Beijing show Tesla’s October retail sales fell 35.8% year over year to 26,006 vehicles, the company’s weakest monthly retail tally in three years. While exports from Giga Shanghai hit a two‑year high (35,491 units), Tesla’s domestic EV market share plunged to 3.2%, down from 8.7% in September—its lowest in more than three years. The drop comes amid fierce local competition (including Xiaomi’s record month) and softer consumer sentiment as incentives fade. Reuters Why it matters: China is Tesla’s second‑largest market; a sustained share decline can pressure margins and