Tesla China recorded 17,600 new vehicle registrations for the week ending December 22, 2024.
While this represents a modest decline of 4.86% from the previous week’s 18,500 registrations, the company’s year-to-date registrations in China remain up by 7.5% compared to 2023.
December Performance Trends
The company has demonstrated consistent registration numbers throughout December 2024.
Tesla began strongly with 21,900 registrations from December 2-8, followed by 18,500 the next week and 17,600 in the current week.
Market Context and Data Sources
While Tesla doesn’t report weekly sales figures, but analysts track vehicle registration data to assess its performance in China.
Several automotive companies, including Li Auto, share registration data on platforms like Weibo for greater market transparency.
Strategic Implications
As December draws to a close, Tesla China is expected to intensify its delivery efforts to support the company’s global objectives.
CEO Elon Musk has established an ambitious target of matching Tesla’s 2023 global delivery numbers, necessitating approximately 515,000 vehicle deliveries in Q4 2024.
Market Position
China continues to be a crucial market for Tesla, despite being home to the world’s most competitive electric vehicle sector.
Tesla’s Model Y and Model 3 have shown strong performance in China’s competitive market.