Tesla China sees 8,500 new vehicle registrations in Q4's second week
10/16/2024 01:26 AM
Tesla China saw 8,500 new vehicle registrations in the week of October 7 to 13, 2024, the second week of Q4 2024. This represents a week-over-week increase of 372.22% from the 1,800 Tesla vehicles that were registered in China during the week ending October 6.
Tesla China does not report its weekly sales figures, though a general idea of the company’s overall performance in the country’s domestic auto market can be inferred through new vehicle insurance registrations. Fortunately, these registrations are closely tracked by industry watchers and automakers such as Li Auto.
China reports 8.5k Tesla registrations for the week of October 7-13.
— Roland Pircher (@piloly) October 16, 2024
The quarter is -42.5% QoQ, +21.2% YoY. YTD is at +5.7% YoY. Highest week of the quarter. pic.twitter.com/VVui7eMaIC
And as per Li Auto’s recent data, Tesla China saw 8,500 new vehicle registrations in the week ending October 13. With these results, Tesla China’s vehicle registrations are now up 5.7% year-to-date. However, it should be noted that in the second week of Q3 2024—July 8-14—Tesla China saw 11,400 new vehicle registrations.
China remains one of Tesla’s most important markets. Data released by the China Passenger Car Association (CPCA) has revealed that the electric vehicle maker sold a total of 72,200 vehicles in the country in September, a year-to-date high. In September, the Model Y crossover also had its best month in 2024, with sales of 48,202 units, as noted in a CNEV Post report. The Model 3 sedan also sold 23,998 units in September in China, the highest since September 2022.
$TSLA
— Tsla Chan (@Tslachan) October 16, 2024
BREAKING: Tesla China insured units
< Oct 2024 >
(30)-6 : 1,800
7-13: 8,500 pic.twitter.com/aoKsOZfSHU
Tesla CEO Elon Musk noted that he expects the company to exceed its results in the full year 2023 when the electric vehicle maker sold a total of 1,808,581 vehicles globally. From the first quarter to the third quarter, Tesla has so far delivered 1,293,656 vehicles globally. Thus, if Tesla wishes to meet or exceed its full year 2023 sales, the company would have to deliver about 515,000 vehicles this Q4 2024.
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