FYI: Tesla China has maintained its steady increase in new vehicle registrations for Q3, marking an impressive ninth week of growth.
Tesla China Sees Consistent Rise in New Vehicle Registrations in Q3 Ninth Week
Tesla China is showcasing a steady rise in new vehicle registrations, with 14,400 vehicles registered in the week from August 26 to September 1, 2024. This reflects a modest increase of 1.41% from the 14,200 registrations in the previous week.
Performance Tracking Through Registrations
While Tesla does not disclose its weekly sales figures in China, industry observers gain insight into the company’s domestic performance through these consistent registration numbers. These figures are meticulously tracked and reported by both industry analysts and rival automakers like Li Auto.
According to Li Auto’s recent data, the weekly registration numbers for Tesla China are as follows:
- 14,400 new vehicle registrations in the week ending September 1, 2024
- 14,200 registrations in the week ending August 25, 2024
- 14,300 registrations in the week ending August 18, 2024
- 15,500 registrations in the week ending August 11, 2024
- 12,500 registrations in the week ending August 4, 2024
Indicators of an Upward Trend
The trend in Tesla China’s vehicle registrations suggests a proactive push to maximize production and sales towards the year-end. Industry analysts estimate that Tesla’s 2024 registration figures are now approximately 5,000 cars short of equaling the totals achieved in 2023.
The company’s performance in 2023 was robust despite a production slowdown in the latter half of the year due to retooling activities at Giga Shanghai. These activities were necessary to ramp up the production of the reengineered Model 3 sedan. The Model Y crossover, Tesla’s top-selling vehicle, also continues to roll out from Giga Shanghai.
Projections and Expectations
Elon Musk has expressed confidence in surpassing Tesla’s 2023 records this year. Given that Tesla delivered a total of 1,808,581 vehicles in 2023, and considering that it has already delivered 830,776 vehicles in the first two quarters of 2024, it seems that Giga Shanghai will play a crucial role in the company meeting its ambitious targets for Q3 and Q4 2024.
Conclusion
Tesla China continues to show robust growth in vehicle registrations, setting the stage for what could be a record-breaking year. As the company pushes towards higher production and sales, it stands on the brink of surpassing its achievements from the previous year.
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William Kouch, Editor of Automotive.fyi
