Tesla China saw 13,800 new vehicle registrations in the week of May 13-19, 2024. These numbers translate to a 41% increase in Tesla China’s domestic vehicle sales compared to the 9,800 units that were tracked during the week of May 6-12, 2024.
Tesla does not release its weekly sales figures in China’s domestic auto market, but a general idea of the company’s performance could be inferred through the number of new vehicle registrations that are filed every week. Fortunately, these registrations are tracked and shared by industry watchers, as well as car companies like Li Auto.
$TSLA 🇨🇳
NEWS: Tesla China insured units<May 2024>
(29)-5: 11,000
6-12: 9,800
13-19: 13,800 (+41% WoW) https://t.co/yM67wuopH7 pic.twitter.com/T5UETdySXb— Tsla Chan (@Tslachan) May 21, 2024
And as per industry watchers, Tesla China saw 13,800 new vehicle registrations last week. Considering that the electric vehicle maker was tracked with 16,900 registrations over the May 1-12 period, it would appear that Tesla China had seen 30,800 insurance registrations by May 19, 2024, as noted in a CNEV Post report. As per industry watchers, Tesla China’s current figures this month suggest that the company’s year-to-date 2024 registrations are only about 4% behind the same period in 2023.
In China, 13.8k Tesla insurance registrations were reported for the week of May 13 to 19. 🇨🇳
The quarter is +15.5% QoQ and -13.3% vs. 23Q3 the best quarter after 7 weeks. YTD is at -3.7% YoY. pic.twitter.com/8foL4HiVGb
— Roland Pircher (@piloly) May 21, 2024
This bodes well for the electric vehicle maker’s domestic numbers this May, as the company only sold 31,421 units in the local Chinese market in April 2024. For context, Tesla China’s wholesale numbers for April 2024 were listed as 62,167 units by the China Passenger Car Association (CPCA). This number included 30,746 units that were exported to foreign territories, as well as 31,421 vehicles that were sold to domestic customers. Considering Tesla China’s current domestic sales this May, it would appear that the company’s local sales this month would definitely surpass April 2024’s results.
🔥NEWS: Tesla China weekly (week 20: 13-19 May) vehicle registrations came in at 13,800 implying that the gap to 2023 is further reducing to only 8,000 vehicles as of week 20 of 2024.
▫️This suggests that Tesla is YTD 2024 only 4% behind YTD 2023.
▫️This result runs counter to… pic.twitter.com/zo3eQvt2z6— AJ (@alojoh) May 21, 2024
Tesla China has been implementing a variety of programs that are designed to make its vehicles more attractive to consumers. Just recently, the electric vehicle maker launched a free Supercharging incentive for the first 140 customers who place orders for vehicles before June 30, 2024. Tesla China also launched a promotion for existing customers that provides free Supercharging miles when they replace Goodyear tires at a Tesla service center within the next month.
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