Tesla Shanghai plant's monthly domestic deliveries soared 263.3% m/m in November
Tesla (NASDAQ:TSLA) delivered 62,493 vehicles to Chinese customers from its Shanghai plant in November â a 263.3% gain from October levels, the China Passenger Car Association (CPCA) reported Thursday. However, the factory's exports to other countries fell 30.7% month over month during the same period to reach 37,798.

The latest numbers provide expanded details to figures released earlier this week that showed the Shanghai factory delivered a total of 100,291 vehicles during November, a new monthly record.
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Read more on Chinese EV sales stats for November.
SA contributors give Tesla (TSLA) a Hold rating, while Wall Street analysts give it a Buy rating. The stock also has a Seeking Alpha Quant rating of Hold, with the lowest factor grades given to valuation and momentum.
TSLA shares are down 0.5% in pre-market on Thursday.

(Editorâs note: An earlier version of this article incorrectly compared the Shanghai factoryâs November domestic Chinese shipments to the plantâs total October output (foreign and domestic) and erroneously reported that shipments fell 12.85% month over month. In reality, domestic shipments rose 263.3%.)