Summary
- Tesla China saw 21,900 new vehicle registrations in the week of December 2 to 8, 2024
- The registrations were up 17.74% from the previous week
- Year-to-date, Tesla China’s registrations are up by 8.1% compared to 2023
- Tesla is currently offering sales promotions in China to boost sales
- The surge in registrations signals a strong finish to 2024 for Tesla China, potentially helping the company achieve delivery goals of 515,000 vehicles in Q4 2024.
Article
Tesla China started off December 2024 with a strong showing, recording 21,900 new vehicle registrations in the week of December 2 to 8, 2024. This marked the second-highest weekly registrations for Tesla China in 2024 so far, showing a positive trend in the market. In comparison to the previous week, there was a 17.74% increase in new vehicle registrations, with the year-to-date numbers up by 8.1% compared to 2023.
The overall performance of Tesla China in the domestic auto market can be inferred by industry watchers and local automakers like Li Auto, as Tesla does not publicly disclose weekly sales figures. The week of December 2 to 8, 2024, showed a significant increase in registrations for Tesla in China. The quarter saw a 9.5% increase quarter-over-quarter and a 17.8% increase year-over-year. This positive trend is a good sign for Tesla’s sales and market presence in China.
In the previous weeks leading up to December, Tesla China also saw impressive new vehicle registration numbers, with figures ranging from 16,700 to 18,600. These numbers indicate a consistent and strong performance for Tesla in the region. The company’s aggressive sales tactics in China, such as offering discounts on select models and zero-interest financing deals, have contributed to the increased registrations and positive buzz surrounding Tesla’s initiatives.
The buzz around Tesla’s sales promotions in China has been evident, with reports of packed delivery centers and increased customer interest. The strong showing in the week of December 2 to 8, 2024, with 21,900 new vehicle registrations, is a testament to Tesla’s strong finish to 2024, overcoming earlier challenges in the year. This surge in registrations hints at a potential record-breaking month for December, setting the stage for a successful end to the year for Tesla.
If Tesla continues on this trajectory, it is possible that the company could help CEO Elon Musk achieve his ambitious goal of delivering approximately 515,000 vehicles in Q4 2024. The encouraging numbers from the week ending December 8, 2024, suggest that Tesla’s aggressive sales tactics in China have paid off, creating a positive momentum for the company in the region. The strong performance in registrations indicates a healthy demand for Tesla vehicles in China, boding well for the company’s market position moving forward.
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