Summary
- Tesla China saw 17,300 new vehicle registrations in the week of November 4-10, 2024
- Tesla’s domestic sales in China can be inferred from new vehicle registration data
- Notable companies like Li Auto also share weekly registration data
- Around 10,700 registrations were for the Model Y, and approximately 6,500 registrations for the Model 3
- Elon Musk suggested that Tesla could match its record deliveries from 2023 in 2024 by delivering about 515,000 vehicles in Q4
Article
In the week of November 4-10, 2024, Tesla China experienced 17,300 new vehicle registrations, marking a 10.19% increase from the previous week’s 15,700 registrations. While Tesla does not publicly release its weekly sales figures in the Chinese auto market, the company’s performance can be gauged through vehicle registration data, which is closely monitored by industry watchers. Some automakers like Li Auto have even shared their own weekly registration data, providing insights into Tesla’s performance in the market.
Li Auto’s recent data revealed that Tesla China saw 17,300 new vehicle registrations in the week ending November 10, 2024. This figure represents the highest sixth week of a quarter for Tesla China and the highest performance so far in Q4 2024. Year-to-date, Tesla China’s domestic registrations have increased by 7.4% year-over-year. The majority of the registrations, approximately 10,700, were for the Model Y crossover, with about 6,500 registrations for the Model 3 sedan, both of which are produced at Gigafactory Shanghai, Tesla’s primary electric vehicle factory in China and a key export hub.
Elon Musk has suggested that Tesla could potentially match its record deliveries from 2023 this year by delivering about 515,000 vehicles in Q4 2024. Given that China is one of Tesla’s largest markets and Gigafactory Shanghai plays a significant role in the company’s vehicle production and export activities, Tesla China is expected to be bustling with activity during the fourth quarter. The company’s strong performance in the domestic market, as reflected in the increasing vehicle registrations, bodes well for its overall growth and expansion in China.
Industry watchers and experts are closely monitoring Tesla’s performance in China, particularly as the company continues to establish itself as a major player in the electric vehicle market. With impressive registration numbers and a strong presence in key markets, Tesla’s growth trajectory in China appears to be on an upward trend. As Tesla continues to expand its product offerings and production capacity, the company is well-positioned to capitalize on the increasing demand for electric vehicles in China and globally.
As Tesla continues to make strides in the Chinese market, its production and sales figures are closely watched by analysts and industry observers. The company’s success in China is indicative of its overall growth and brand strength, particularly as it competes with legacy automakers in the region. With innovative products like the Model Y crossover and the Model 3 sedan, Tesla is well-positioned to capture a larger share of the Chinese electric vehicle market and solidify its position as a leading player in the industry.
For the latest news and updates on Tesla and its performance in China, industry watchers and enthusiasts are encouraged to reach out to sources like teslarati.com for timely information and insights. With Tesla’s continued focus on innovation, sustainability, and growth, the company is expected to maintain its strong presence in China and drive further expansion in the global electric vehicle market.
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