Tesla $TSLA ( ▼ 0.2% ) saw a rare boost in China as sales from its Shanghai plant rose 10 percent in November, Bloomberg reports. It is only the third monthly increase this year and a welcome bit of good news for a company that has been struggling to keep momentum in its second-largest market.
The figures do not break out how many of those vehicles stayed in China versus were exported, but most Shanghai-made cars are typically sold locally. The uptick stands out because Tesla has been losing ground across much of the world as competition intensifies and its lineup gets older.
Wall Street still expects global sales to fall again next year. The latest FactSet consensus calls for a 7 percent drop in 2025, which would mark Tesla’s second straight annual decline.