Tesla China sees Q3 2024’s second-highest new vehicle registrations so far
Tesla China saw 15,600 new vehicle registrations in the week of September 9-15, 2024. The numbers represent a 3.7% decrease over the company’s results in the week ending September 8, which saw 16,200 registrations.
Tesla does not report its weekly sales figures in the domestic Chinese market, though a general idea of the company’s overall performance can be inferred through new vehicle registrations. Fortunately, these registrations are closely tracked by industry watchers. Some automakers like Li Auto have also taken it upon themselves to share China’s vehicle registration data on a regular basis.
$TSLA
BREAKING: Tesla China insured units(26)-1 : 14,400
2-8 : 16,200
9-15 : 15,600Tesla China surpassed last year’s sales! It’s a completely strong Q3! pic.twitter.com/fPQCfsjtna
— Tsla Chan (@Tslachan) September 19, 2024
And as per Li Auto’s recent data, Tesla China saw 15,600 registrations in the week ending September 15. These results represent the second-highest number of new vehicle registrations in Q3 2024 so far. Industry watchers have also noted that as of the end of the previous week, Tesla China’s YTD registrations are already up 1.9% year-over-year.
Tesla China has been seeing a lot of momentum with its local vehicle registrations this quarter so far. In the week ending September 1, Tesla saw 14,400 new vehicle registrations, and in the week ending September 8, the electric vehicle maker saw 16,200 new vehicle registrations. Tesla also sold 63,456 vehicles in China in August, the highest month this 2024 so far.
China reports 15.6k Tesla registrations for the week of September 9-15.
The quarter is +26.0% QoQ, +20.3% YoY and +4.6% vs. 23Q4 the best quarter after 11 weeks. YTD is at +1.9% YoY. Second highest week of the quarter. pic.twitter.com/UPpZAsGi4q
— Roland Pircher (@piloly) September 19, 2024
Provided that Tesla China maintains its momentum in the next two weeks, Q3 2024 could prove to be a solid quarter for the electric vehicle maker. This bodes well for CEO Elon Musks’ goal of exceeding Tesla’s 2023 global deliveries this year. For context, Tesla delivered a total of 1,808,581 vehicles in full year 2023.
Tesla has so far delivered 830,776 vehicles between Q1 2024 and Q2 2024 worldwide. In China, about 388,000 vehicles were sold in the domestic market between January and August. Needless to say, Tesla’s sales in China this Q3 2024 would go a long way towards helping the company exceed its FY 2023 global deliveries.
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The post Tesla China sees Q3 2024’s second-highest new vehicle registrations so far appeared first on TESLARATI.
Source: https://www.teslarati.com/tesla-china-sees-2nd-highest-registrations-q3-2024-to-date/
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