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Tesla's price cuts have directly led to cancellations from several Chinese EV brands, which are considered the primary competition for Tesla outside the U.S. market. According to industry insiders, numerous order backlogs from Chinese EV manufacturers like Nio and XPeng are experiencing significant cancellations, a trend aligned with Tesla's aggressive pricing strategy.
Month-to-month delivery figures reveal a decline in Tesla’s performance, with September’s deliveries close to 72,000 units—a drop from approximately 83,000 in August. However, analysts argue that such comparisons are misleading and that a more accurate picture emerges when looking at comparable periods—such as first months of each quarter or data across similar months from previous years.