Tesla drops out of China's top 10 EV makers amid sales decline, launches new affordable financing in China.

Tesla's retail sales in China fell 9% year-over-year in April, dropping the company out of the top 10 electric vehicle makers in the Chinese market. Despite this, Tesla ranked fifth in total sales from January to April 2026 with 138,754 units sold. In response to the sales dip, Tesla introduced a new financing plan with lower down payments and monthly payments, and a 0.92% annual interest rate, available for Model 3, Model Y, and Y L units purchased by May 31, 2026. This move aims to boost demand amid growing competition from local automakers like BYD and Geely.