CMB Stock News Of The Day 📰🗞️🗞️📈📉

“Tesla’s Shanghai Sales Jump 10% in November, Offering a Rare Lift Amid Global Slowdown”🚨🚨🚨

Tesla TSLA $432.02 (0.02%) received a welcome boost in November as sales from its Shanghai Gigafactory climbed 10%, marking only the third monthly increase this year, according to Bloomberg. While the data doesn’t specify how many of those vehicles were sold within China versus exported, the majority of Shanghai-built Teslas typically stay in the domestic market — Tesla’s second-largest globally.

The uptick offers a moment of relief for the EV maker, which continues to face growing pressure both internationally and at home. Tesla’s global vehicle sales have been sliding throughout the year as competition intensifies, particularly from China’s fast-rising electric automakers, many of which are rapidly rolling out fresher models at lower prices. Meanwhile, Tesla’s own lineup is aging, and major updates across its portfolio have been slower to arrive.

Wall Street’s outlook reflects these headwinds: FactSet’s analyst consensus projects Tesla’s global sales to fall 7% in 2025, which would mark the company’s second straight year of declining deliveries — something once unthinkable for the world’s most recognizable EV brand.

Still, November’s demand bump from Shanghai suggests Tesla may not be ceding ground easily in China, where the company continues to leverage cost efficiencies and scale from one of its most important factories worldwide.