Summary
- Tesla China had 17,100 new vehicle registrations in the week of November 11-17, 2024
- Tesla Model Y is the best-seller with 9,900 registrations, Model 3 had 7,190 registrations
- Registrations are up 7.4% year-over-year, marking the highest seventh week of a quarter ever
- Tesla aims to deliver 515,000 vehicles this quarter, with China playing a significant role
- Industry closely tracks Chinese registrations as an indicator of Tesla’s performance in the market
Article
Tesla China experienced a 1.6% decline in new vehicle registrations in the week of November 11-17, 2024, with 17,100 registrations compared to the previous week’s 17,300 registrations. While Tesla does not disclose its weekly sales figures, industry observers track new vehicle registrations to gauge the company’s performance in the local Chinese auto market. Li Auto, a fellow automaker, also monitors these registrations closely.
Li Auto’s data revealed that Tesla China had 17,100 insurance registrations in the week ending November 17, 2024, the second highest for Q4 2024. This also marked the second consecutive week where Tesla China exceeded 17,000 new vehicle registrations. The Tesla Model Y continued to be the top-selling electric vehicle for the company, garnering 9,900 registrations, while the Model 3 received 7,190 registrations. Both models are competing in China’s premium vehicle segment.
These 17,100 new vehicle registrations for Tesla China represented the highest seventh week of a quarter ever for the company. Year-to-date registrations for Tesla China were estimated to be up 7.4% year-over-year, despite lagging behind the previous year’s numbers for a period in 2024. CEO Elon Musk has expressed confidence in Tesla’s ability to reach its record 2023 deliveries in 2024, requiring approximately 515,000 vehicle deliveries in the fourth quarter. With China being one of Tesla’s key markets, it is expected to contribute significantly to the company’s global sales in this quarter.
For more news and updates on Tesla, visitors are encouraged to explore the TESLARATI Marketplace and follow TESLARATI on TikTok. Community engagement is also encouraged, with readers encouraged to share news tips by reaching out to simon@teslarati.com. The consistent monitoring and reporting of new vehicle registrations by industry watchers and automakers provide valuable insights into Tesla’s performance in the Chinese auto market. Despite a slight decline in weekly new vehicle registrations, Tesla China continues to show strong sales in November 2024, indicating a positive outlook for the company’s performance in the region.
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