Summary
- Tesla China had 17,600 new vehicle registrations in the week of December 16 to 22, 2024
- Registrations were down 4.86% from the previous week but up 7.5% year-to-date compared to 2023
- Previous weeks in December also showed high numbers of registrations: 21,900, 18,500, and 17,600
- Tesla China is pushing for strong vehicle deliveries in the final days of December to meet CEO Elon Musk’s targets
- China is a crucial market for Tesla, with the Model Y and Model 3 performing well despite competition
Article
Tesla China had a strong week of vehicle registrations, with 17,600 new registrations reported in the week of December 16 to 22, 2024. This number was slightly down from the previous week’s 18,500 registrations but still contributed to a year-to-date increase of 7.5% compared to 2023. Although Tesla does not report its weekly sales figures, the company’s overall performance can be gauged through data on new vehicle registrations, which is closely monitored by industry observers. Other automakers in China, such as Li Auto, also share their registration data on platforms like Weibo.
The strong performance in vehicle registrations for Tesla China in December has been consistent. In the weeks leading up to December 22, the company reported 21,900 registrations in the week of December 2-8, followed by 18,500 registrations in the week of December 9-15. The latest week’s total of 17,600 registrations continues to show a positive trend for Tesla in the Chinese market, indicating a successful quarter and year overall.
As the month of December comes to a close, Tesla China is expected to focus on a major push in vehicle deliveries to meet CEO Elon Musk’s ambitious targets for 2024. Musk has set a goal of matching Tesla’s global delivery results from the previous year, which would require delivering approximately 515,000 vehicles in the fourth quarter of 2024. China is a key market for Tesla, and while the EV segment in the country is highly competitive, Tesla’s Model Y and Model 3 have been performing well domestically.
The significance of China as a market for Tesla cannot be overstated, given its status as one of the largest EV markets in the world. The consistent growth in vehicle registrations and strong performance of Tesla’s models in China indicate a positive outlook for the company’s operations in the country. With competition in the EV market continuing to intensify, Tesla will need to maintain its momentum and innovativeness to stay ahead and meet its ambitious delivery targets in the future.
Tesla China’s focus on delivering strong results in vehicle registrations and sales reflects the company’s commitment to expanding its presence in key markets like China. The success of Tesla’s Model Y and Model 3 in the Chinese market highlights the demand for electric vehicles in the country and the potential for further growth in the EV sector. By leveraging its brand reputation, technological innovation, and strategic partnerships, Tesla is well-positioned to continue its success in China and other global markets.
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