Tesla (NASDAQ:TSLA) sold 62,167 China-made electric vehicles (EV) in April, marking an 18% decrease from the previous year, according to data released Tuesday by the China Passenger Car Association (CPCA).
Deliveries of the Model 3 and Model Y, both manufactured in China, declined by 30.2% compared to March.
Tesla exports its China-made cars to markets like Europe, but the CPCA did not specify the destination breakdown. The figures offer a preliminary glimpse ahead of the full April report expected later this week.
TSLA shares fell 1.5% in premarket trading.
Despite this sharp decline, China's EV sales continue to rise, albeit at their slowest pace in a year due to cooling demand and fierce price competition.
New-energy vehicle sales, which include EVs and plug-in hybrids, are estimated to reach 800,000 units in April, up 33% year-on-year but down 2% from March.
BYD, Tesla's main Chinese competitor with its Dynasty and Ocean lines, sold 312,048 passenger vehicles in April—a 48.97% increase over last year and a 3.5% rise from March.