Tesla’s Sales in China Jump 91%, TSLA Shares Surge: Will They Break the Record?

Jakarta, Pintu News – Tesla (TSLAX) shares briefly traded at $414 in the early session on Wednesday (11/3), up about 3.7% after investors digested the latest sales data from China. These numbers grabbed attention quickly. After all, a 91% jump over the previous year tends to attract attention.

Model 3 and Model Y sales in China

Recently, Tesla reported that it sold 58,600 units of Model 3 and Model Y vehicles manufactured in China in February. This number includes cars delivered to international markets such as Europe, in addition to domestic deliveries.

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This figure has some significance. For one thing, it marks the fourth consecutive month of growth for Tesla vehicles produced in China. This series shows that Tesla’s Shanghai factory continues to play an important role in the company’s global expansion strategy.

However, monthly comparisons paint a slightly different picture. February sales fell by about 15.2% compared to the January sales level. The big question that arises is: should investors focus on the yearly spike or this monthly decline?

Shanghai Factory Remains Tesla’s Global Engine

Tesla’s Shanghai manufacturing plant is at the center of the company’s global supply network. The facility produces vehicles not only for China, but also for key markets overseas.

February provided another clear example of the role. Export shipments from this plant jumped about fivefold compared to the same period last year, reaching about 20,000 vehicles.

Figures like these highlight how the factory helps Tesla keep demand balanced across different regions. Cars assembled in Shanghai move towards Europe and other international destinations, helping the company maintain a steady flow of deliveries.

However, seasonal patterns also affect the data. The first two months of the year often bring fluctuations in China’s auto industry due to the annually shifting Lunar New Year holiday schedule. Production delays and changes in consumer activity can temporarily distort sales figures. This factor affects last year’s comparison in particular.

In early 2025, Tesla temporarily shut down part of its assembly line to ramp up production of the updated Model Y. This temporary shutdown reduced deliveries during the period. As a result, this year’s comparison base looks relatively low.

Electric Vehicle Competition in China is Getting Tighter

China remains the world’s largest electric vehicle market, and competition continues to increase. Tesla’s latest funding strategy illustrates how quickly manufacturers are responding to changes in demand.

The company introduced a seven-year low-interest financing plan aimed at attracting buyers. This move immediately triggered a response from competitors in the market.

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One competitor that stands out is BYD. The Chinese electric vehicle giant recently reported its biggest global sales drop since the pandemic period. In China alone, its sales fell by about 65% compared to last year in the same time period.

The company is not standing still. Last week, BYD launched the first major battery update in six years to try to regain momentum. This ongoing innovation war raises an interesting question. How long can manufacturers rely on price incentives before technology becomes the deciding factor?

Tesla stock faces key technical levels

While sales data dominates the news, traders are also watching Tesla’s chart closely. The stock is currently moving inside a long descending channel on the daily timeframe. This pattern leaves two levels of major concern. Resistance is located around $415, which could signal an upward breakout if the price crosses it.

Support is closer to $375. If the stock falls below the $400 level, we can expect a potential move towards that lower support.

Currently, Tesla stock is between these two zones. Market participants continue to monitor whether buyers can gain enough momentum to challenge the upper limit of the channel.

The broader performance picture still favors the company. Tesla stock has delivered a return of 78% in a year, beating the roughly 21% rise in the S&P 500 index. In a one-year period, the gap is even wider, with Tesla recording a return of more than 78%.

These numbers highlight the strong long-term momentum of Tesla. So, the next step becomes the real question. Will strong sales in China push TSLA to breakout above $415, or will the stock test the lower boundary of its trading channel first?

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpaper. TSLA Stock Forecast Jumps 4% as Tesla China EV Sales Surge 91%. Accessed on March 12, 2026