9 November 2022 | Other

Tesla Shanghai shown its highest pace inventory accumulation in October

While car manufacturers and market participants are preparing for a possible decline in the most significant car market of the world, the Tesla company demonstrated its highest pace of adding to electric car inventory in Shanghai last month, as it was shown by brokerage data.

According to information provided by China Merchants Bank International (CMBI), the company produced 87,706 Model 3s and Model Ys vehicles in Shanghai over the past month. At the same time, only 71,704 electric cars were delivered, thus adding the rest of 16,002 China-manufactured vehicles to the company’s inventory. 

As it was stated in the information by CMBI, that difference between production and sales became the most notable one since the very opening of Tesla’s factory in Shanghai by the end of 2019.

Although a number of vehicles in Tesla’s inventory is relatively small in comparison with other large car manufacturers, inventory accumulation has been considered a signal of a downturn within the industry that triggered markdowns in past recessions, all the while Tesla has had no relevant experience in such circumstances.

According to a statement made by Tesla’s CEO Elon Musk in October, China, while being the second-largest market for the company in the world, had experienced a "recession of sorts" last month. Meanwhile, The International Monetary Fund forecasts this year’s economic growth of China to be by 3.2% only, whereas the registered growth over the previous year was by 8.1%. The country’s government is also expected to cancel subsidies on electric vehicles and hybrids.

Company MarketCheese
Gold buy
Period: 31.01.2026 Expectation: 150 pips
Buying gold on dips with $4,500 target
30 December 2025 289
Period: 06.01.2026 Expectation: 2900 pips
Tesla stock selloff on forecasts of declining deliveries and earnings
30 December 2025 132
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Period: 16.01.2026 Expectation: 1000 pips
AUDUSD is consolidating ahead of renewed upside
30 December 2025 121
Period: 06.01.2026 Expectation: 3125 pips
Selling BTCUSD due to lack of momentum after December consolidation
30 December 2025 80
Period: 15.01.2026 Expectation: 100 pips
Investing in SPX from $6,870
30 December 2025 87
Period: 09.01.2026 Expectation: 7500 pips
Silver rally stalls as prices push past $80
29 December 2025 139
Go to forecasts