Tesla China Deliveries Surge 91% to 58,600 Cars; Exports Top 20,000
Tesla's Shanghai factory delivered 58,600 vehicles in February, up 91% year-over-year after a 9.3% rise in January. Exports climbed to about 20,000 units while deliveries fell 15% month-on-month due to Lunar New Year seasonality and a low prior-year base from Model Y upgrades.
1. February Delivery Surge
Tesla's Shanghai factory produced and delivered 58,600 vehicles in February, marking a 91% increase from February 2025 and following a 9.3% January gain.
2. Export Growth
Exports from the Shanghai facility reached roughly 20,000 units, a multiple-fold increase year-over-year, contributing significantly to overall delivery figures.
3. Base Year and Seasonal Effects
The massive year-over-year growth reflects a low prior-year comparison after a temporary Lunar New Year shutdown for Model Y production upgrades, while deliveries dipped 15% month-on-month due to holiday seasonality.
4. Stock Market Reaction
Shares climbed about 3% in Wednesday trading as investors responded to the strong China delivery data and improved production momentum.