Tesla China Records Second-Highest Weekly Vehicle Registrations in Q3 2024 Despite Slight Decline

Tesla China registered 15,600 new vehicles for the week ending September 15, 2024, a slight decline from the previous week’s 16,200. This marks the second-highest weekly registrations in Q3, signaling continued strong performance in China’s growing EV market as Tesla aims to surpass its global delivery goals.

Tesla China Registers 15,600 New Vehicles in Mid-September, Recording Q3’s Second-Highest Total

On September 9-15, 2024, Tesla China recorded 15,600 new vehicle registrations, marking a 3.7% decline from the previous week's 16,200 registrations. Teslarati says this decline is a significant indicator of the company's performance.

Tesla does not disclose its weekly sales figures in the domestic Chinese market; however, new vehicle registrations can provide a general understanding of the company's overall performance. Industry observers meticulously monitor these registrations, which is fortunate. Some manufacturers, such as Li Auto, have also taken the initiative to share China's vehicle registration data regularly.

According to Li Auto's most recent data, in the week ending September 15, Tesla China recorded 15,600 registrations. These results represent the second-highest number of new vehicle registrations in Q3 2024. As noted by industry observers after the previous week, Tesla China's year-to-date registrations have increasedby 1.9% year-over-year.

Tesla China’s Q3 Vehicle Registrations Surge, August Sales Hit 2024’s Highest Volume So Far

This quarter, China has experienced significant growth in its local vehicle registrations. Tesla registered 14,400 new vehicles on September 1 and 16,200 new vehicles on the week ending on September 8. In August, Tesla sold 63,456 cars in China, the highest-volume month of 2024 thus far.

Q3 2024 could be a strong quarter for the electric vehicle manufacturer, provided Tesla China maintains its momentum over the next two weeks. This is a positive development for CEO Elon Musk's objective of surpassing Tesla's global deliveries in 2023 this year. In 2023, Tesla delivered a total of 1,808,581 vehicles.

Between Q1 and Q2 2024, Tesla delivered 830,776 vehicles worldwide. Approximately 388,000 cars were sold in China's domestic market between January and August. Tesla's sales in China during the third quarter of 2024 would undoubtedly contribute significantly to the company's achievement of its global deliveries for the fiscal year 2023.