Tesla's China Strategy Shifts as Domestic Sales Dip and Exports Soar

New data reveals a significant shift in Tesla's China operations, with domestic sales declining by nearly 12% through the first nine months of the year. Concurrently, Giga Shanghai's exports have more than doubled, indicating a pivot towards international markets for its China-made vehicles. This comes as Beijing prepares to reduce tax rebates on EV exports, potentially impacting future margins.