Recent figures reveal that Tesla China registered 13,800 new vehicles from September 16 to 22, which marks an 11.54% decline from the previous week’s 15,600 registrations. Interestingly, this week coincided with the Mid-Autumn Festival, which could have affected sales. However, looking at the bigger picture, Tesla China is experiencing growth this quarter, seeing a 19.9% increase quarter-over-quarter and an 18.5% increase year-over-year. Despite the weekly decline, the overall trend in registrations for 2024 shows a 2.0% increase compared to 2023.
The reported vehicle registrations for Tesla China illustrate a fluctuating market; 16,200 registrations were recorded the week ending September 8, while the week ending September 1 saw 14,400. More interestingly, the Model Y continues to dominate sales, with 8,720 units sold last week in addition to 5,050 Model 3s, indicating a steadfast preference for the higher-priced yet older model among consumers.
Although Tesla China witnessed a decline in registrations during the week ending September 22, which can be partly attributed to the national holiday of the Mid-Autumn Festival, it is significant that overall performance within Q3 presents a strong upward trend. The improvement in registrations bears testimony to Tesla's growing momentum in a highly competitive EV market.
The performance of Tesla China highlighted by recent registration data suggests not only resilience but also optimism for future sales. With continuous developments and adaptability to market needs being crucial, it's essential to monitor how these trends develop as the year progresses.
Collection
[
|
...
]