Tesla China posts 9.8k domestic registrations as May nears midway point | Cars & Technology

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Tesla China saw 9,800 new vehicle registrations during the week ending May 12, 2024. While the week of May 6-12 was expected to be a recovery for sorts from the Labor Day holiday on May 1-5, Tesla China nevertheless saw a 10% decrease from the 10,900 units that were registered in the week of April 29 to May 5.

Tesla China does not report its weekly sales figures in the domestic Chinese market, though a general idea of the company’s overall performance can be inferred from new vehicle registrations. Fortunately, these registrations are tracked closely by industry insiders. Some automakers such as Li Auto have also taken it upon themselves to share weekly new vehicle registration data.

And as per Li Auto, Tesla China saw 9,800 insurance registrations last week. This suggests that from May 1-12, Tesla saw 16,900 new vehicle registrations in the local Chinese market, as noted in a CNEV Post report.

“For the week of May 6-12, China reported 9.8k insurance registrations for Tesla. 🇨🇳

The quarter is -5.4% QoQ and -16.3% vs. 23Q3 the best quarter after 6 weeks. YTD is at…”

Source www.teslarati.com

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