Tesla China's wholesale sales in November decreased by 17.8% year-on-year, reaching a new low in nearly a year. According to data released by the China Association of Automobile Manufacturers on Monday, Tesla's November sales saw the largest decline in nearly a year. Although the delivery volume of domestically produced Model 3 and Model Y models increased by 14.3% month on month in November, it decreased by 17.8% year-on-year, and wholesale sales dropped to 82400 units. This is the largest decline since December 2022, when Tesla's sales decreased by 21%. The company explained that the decline was due to Tesla reducing production and lowering prices in response to increased inventory and weakened demand.