Tesla Inc. TSLA Sales slowed slightly in October from the Record performance of the previous month.

What happened: Tesla sold 71,704 cars made in China, or MIC, in October, down 13.8% from 83,135 cars sold in September, preliminary data from the China Passenger Car Association showed. according to to Reuters.

Year-over-year, MIC sales increased 31.83% from 54,391 units in the prior-year period.

See also: Tesla’s China Dependence Peak Could Be Over Within a Year, Analyst Says: Here’s Why

The performance comes amid fears that demand in China is slowing due to the slowing and severe domestic economy COVID-19 restrictions.

Tesla China has lowered its prices Giga Shanghai-made cars by about 5% at the end of October, partially reversing a series of price increases announced earlier this year.

MIC sales were nonetheless the highest first month sales of any quarter, Gary Black of Future Funds said. The fund manager expects a split of 21,700 domestic sales and 50,000 exports. The price cut would only have impacted domestic sales for a week, Black added.

Why it matters: Tesla sales pale in comparison to the numbers reported by Warren Buffettsupported Chinese manufacturer of electric vehicles BYD Manufacturing Company Limited BYDDY.

BYD reported battery electric vehicle sales of 103,157 units in October, about 44% more than Tesla.

That Chinese EV trio from Nio Inc. NEVER, XPeng Inc. XPEV and LiAuto Inc. LI reported October deliveries of 10,059, 5,101 and 10,052 units respectively.

Price promotion: According to Tesla, Thursday’s session closed up 0.15% at $215.31 Benzinga Pro data.

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