Tesla sees 9,900 new vehicle registrations in China in July's third week

"Tesla recorded 9,900 new vehicle insurance registrations in China during the week of July 14-20, a 19.3% decline from the 12,270 units that were listed in the prior week."

"Despite the recent dip, the Model Y continues to lead Tesla's local deliveries, highlighting its role as the company's top seller in China."

"Tesla's June wholesale figures in China totaled 71,599 vehicles, up 0.83% year-over-year and 16.1% from May, according to the China Passenger Car Association (CPCA)."

"The drop in insurance registrations follows a notable spike earlier this month, driven by strong domestic demand for the locally produced Model Y and Model 3."

Tesla introduced minor updates to the Model 3 and Model Y long-range variants. The company's insurance registrations in China dropped to 9,900, a 19.3% decline from the previous week. This decrease follows a remarkable surge of 145% earlier in July, attributed to strong demand for the Model Y and Model 3. Despite the dip, the Model Y remains Tesla's top-selling model in China. In June, Tesla's wholesale figures reached 71,599 vehicles, showing stable demand despite lower exports.

Read at TESLARATI