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In the week of August 19-25, 2024, Tesla China registered 14,200 new vehicles, indicating a potentially strong finish for the company in the third quarter of 2024.
While Tesla China does not disclose weekly sales figures, the overall domestic performance can be estimated based on new vehicle registrations, which are closely monitored by industry analysts. Additionally, local competitor Li Auto has been sharing insurance registration statistics on Chinese social media for some time.
According to the latest data from Li Auto, Tesla China recorded 14,200 registrations for the week concluding August 25. This compares to 14,300 insurance registrations the previous week (ending August 18), 15,500 registrations from the week prior (ending August 11), and 12,500 registrations from the week of August 4, 2024.
The data has been modified.
14.3k is alright! pic.twitter.com/bvwkkQp0KR— Tsla Chan (@Tslachan) August 27, 2024
Industry analysts have observed signs of a strong recovery for Tesla China in the third quarter. According to TSLA supporter and Managing Partner at The Future Fund, Gary Black, the third-quarter registrations for 2024 are currently up 10% year-over-year and 30% compared to the previous quarter.
If Tesla sustains this positive trend through the end of September, it could achieve one of its best quarters in China to date. Elon Musk has expressed confidence that Tesla may surpass its 2023 performance this year. The company’s results in the Chinese market during Q3 and Q4 will likely play a critical role in determining if Musk’s goal can be realized.
China reports 14.2k Tesla registrations for the week of August 19-25. 🇨🇳
The quarter is +29.8% QoQ and +10.3% vs. 23Q3 the best quarter after 8 weeks. YTD is at -1.8% YoY. pic.twitter.com/T2jgTdPDym
— Roland Pircher (@piloly) August 27, 2024
For reference, Tesla sold a total of 1,808,581 vehicles in fiscal year 2023. Thus far in 2024, the company has delivered 830,776 vehicles globally between Q1 and Q2, with 426,623 of those from Giga Shanghai.
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