Tesla China seems determined to cap off December 2024 on a high note, with new vehicle registrations hitting an impressive 17,600 vehicles in the week of December 16 to 22, 2024.
BY THE NUMBERS:
- During the week ending December 22, Tesla China saw 17,600 new vehicle registrations, down 4.86% from the previous week’s 18,500.
- Tesla’s registrations in China are so far up 7.5% year-to-date compared to 2023.
- Tesla doesn’t report its weekly sales figures, but the company’s general performance can be inferred through new vehicle registration data.
- Thankfully, China’s vehicle registration data is closely tracked by industry watchers. Some automakers, such as Li Auto, have also made it a point to share vehicle registration data on platforms such as Weibo.
China reports 17.6k Tesla registrations for the week of December 16-22. 🇨🇳
The quarter is +12.0% QoQ, +13.2% YoY. YTD is at +7.5% YoY. pic.twitter.com/V2XF2Ard1V
— Roland Pircher (@piloly) December 24, 2024
PREVIOUS RESULTS:
The previous weeks were quite impressive for Tesla China this December. The following are Tesla China’s registrations from this month so far:
- Week of December 2-8: 21,900 registrations
- Week of December 9-15: 18,500 registrations
- Week of December 16-22: 17,600 registrations
$TSLA 🇨🇳
BREAKING: Tesla China insured units< Dec 2024 >
2-8 : 21,900
9-15 : 18,452
16-22 : 17,600 pic.twitter.com/aUkxlo9vxi— Tsla Chan (@Tslachan) December 24, 2024
IMPORTANT BACKGROUND:
- With just over one week left in December, Tesla China will likely engage in a strong vehicle delivery push in the month’s final days as it attempts to help the company achieve CEO Elon Musk’s delivery targets for 2024.
- Elon Musk has set an ambitious goal of matching Tesla’s global vehicle delivery results from 2023. To achieve this, Tesla would have to deliver about 515,000 vehicles this Q4 2024.
- China is one of Tesla’s most important markets, though the country is also home to the world’s most competitive EV segment. So far, however, the Tesla Model Y and Model 3 are performing quite well in the domestic Chinese market.
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