U.S. automaker Tesla sold 68,280 China-made electric vehicles in October, down 5.3% from a year earlier, data from the China Passenger Car Association (CPCA) showed on Monday. Deliveries of China-made Model 3 and Model Y vehicles fell 22.

In October 2024, General Motors surpassed 300,000 electric vehicle sales in the US since 2016, with over 370,000 sold across North America.

With shares falling and profits shrinking, Tesla Inc. is increasingly looking like the odd one out among its mega-cap technology peers. Investors worry that quarterly results will make the electric-vehicle maker even more of an outlier.

Tesla still accounts for more than half of the EVs sold or leased in California, but its sales have fallen, and other EV makers are gaining market share.

Tesla's year-on-year sales have dropped for the eighth month this year, with Australian EV buyers turning to rival brands.