FYI: Tesla China achieves its second-highest vehicle registrations of Q3 2024 in mid-September, despite a slight week-over-week drop.
Tesla China’s September Surge in Vehicle Registrations
Tesla China posted 15,600 new vehicle registrations in the week of September 9-15, 2024. Although this number represents a 3.7% decrease compared to the previous week’s 16,200 registrations, it’s still a strong indicator of the company’s robust performance.
Consistent Momentum in Q3 2024
Despite the slight decline, Tesla China has maintained significant momentum in Q3 2024. Here’s a quick weekly breakdown:
- Week ending September 1: 14,400 new vehicle registrations
- Week ending September 8: 16,200 new vehicle registrations
- Week ending September 15: 15,600 new vehicle registrations
These figures are closely monitored by industry watchers as Tesla doesn’t disclose its weekly sales figures in the Chinese market. Yet, with Tesla China’s registrations already up 1.9% year-over-year (YTD), the trajectory remains largely positive.
Industry Comparisons and Observer Insights
Industry observers, including companies like Li Auto, provide timely updates on vehicle registration data. According to Li Auto, Tesla China has consistently posted strong figures through Q3. Notably, in August 2024, Tesla sold 63,456 vehicles in China—its highest monthly sales record for the year.
Analyst Commentary and Industry Impact
Roland Pircher, an industry analyst, highlighted the remarkable growth:
“China reports 15.6k Tesla registrations for the week of September 9-15. The quarter is up 26.0% QoQ, 20.3% YoY, and 4.6% compared to the best quarter in Q4 2023. YTD is at +1.9% YoY.”
Tesla’s Global Deliveries and Future Prospects
Tesla CEO Elon Musk’s overarching goal is to surpass the company’s 2023 global vehicle deliveries, which totaled 1,808,581 units. With 830,776 vehicles delivered worldwide in the first half of 2024, and about 388,000 units sold in China from January to August, strong Q3 performance in China is vital.
Looking Ahead
If Tesla China sustains this pace in the upcoming weeks, Q3 2024 could turn out to be a defining period for the electric vehicle maker, reinforcing Musk’s ambitious delivery targets for the year.
For more insights and updates, reach out to us at tips@automotive.fyi, or on Twitter @automotivefyi.
William Kouch, Editor of Automotive.fyi
