Tesla China Surge
Tesla’s China-made EV sales jumped 35% YoY to 127,728 units in Jan–Feb 2026 — a big outperformance while BYD deliveries fell 36% over the same period [][]. The company will report Q1 results on April 21 and also won regulatory clearance to convert a $2 billion xAI investment into SpaceX equity after admitting xAI “was not built right,” a move that changes Tesla’s capital exposure to Musk ventures [][].
Shipments from Gigafactory Shanghai reached 58,600 units in February, Reuters reported. money.usnews.com Exports from the Shanghai plant climbed to roughly 20,000 vehicles in February, according to China Association of Automobile Manufacturers data cited by U.S. News. money.usnews.com Retail sales in mainland China were 38,206 cars in February and Tesla’s share of the battery‑electric vehicle market jumped to 13.74% that month, per CPCA figures reported by CnEVPost. cnevpost.com Domestic rivals continued to gain: Leapmotor sold 60,126 vehicles in Jan–Feb (up 19% year‑on‑year), while Nio and Zeekr posted roughly 77% and about 84% increases over the same period, according to Invezz and Tech in Asia. invezz.com Federal filings dated March 11 show the FTC granted early termination of the HSR waiting period for a transaction listing Tesla as the acquirer of a sub‑1% SpaceX stake, Bloomberg and the FTC record confirm. bloomberg.com Musk has since said xAI “was not built right first time” as reported by CNBC. cnbc.com
