China’s EV Growth Is Stagnating. Is That Another Nail in the Coffin for Tesla Stock?

A slowdown in China’s electric vehicle (EV) sales has revived murmurs of another blow to Tesla (TSLA). While September saw the company’s EV sales grow 15.5% year-over-year, the growth rate slowed down to just 7.3% in October. In fact, overall car sales in China declined by 0.8% year-over-year, compared to a 6.6% increase in October.

So, is this a cause for worry for the world’s largest automaker? Not really, simply because Tesla's sales in China have been weak for a while now. Tesla's sales saw a year-over-year decline in six out of the first 10 months in 2025. In October, the company reported sales of just 26,006 vehicles in the country. Not only was this down 36% from the previous year, but it was also a three-year low for the Elon Musk-led company.