Tesla's recent performance in China shows significant growth in vehicle registrations and sales. For the week ending May 19, Tesla reported 13,800 insured units, a 41% week-over-week increase. This surge is attributed to Tesla's latest promotion offering 0% interest financing or no down payment, which has resonated well with buyers. Tesla also remains the top premium vehicle brand in China, with 13,900 units delivered, surpassing BMW's 12,700 units. Additionally, Tesla's export sales from January to April reached approximately 119,000 units, placing it fourth among automobile brands in China. Tesla's insurance registrations for the week were 13.8K, with a 16% QoQ increase and a 7% YoY decrease. Year-to-date (YTD) performance improved from -7% to -4%.
🔥Just in: BEV sales increased +14.4% year-on-year in April to 144,656 from 126,424 a year earlier. Additionally, BEV market share increased from 13.1% (April 2023) to 13.4% (April 2024). The 'slow' market share gain is driven by the 'denominator'-effect during times of total… https://t.co/n7awv7jFaw
🔥Just in: Tesla sold 13,561 vehicles in April across all of Europe. This is only 2.3% or 327 vehicles behind 2023 despite complete removal of BEV purchase incentives in Germany and adverse incentive changes in various other significant European BEV markets. Hence, this is… https://t.co/56i1iY6QDh
🔥Just in: BEV sales increased +14.4 year-on-year in April to 144,656 from 126,424 a year earlier. Additionally, BEV market share increased from 13.1% (April 2023) to 13.4% (April 2024). The 'slow' market share gain is driven by the 'denominator'-effect during times of total… https://t.co/ivuukrKdZu
Big wk for China's automotive industry as NEV registrations exceeded ICE registrations for the 1st time on record 168k NEV registrations down 14% WoW 167K ICE registration down 32% WoW NEV gains likely to solidify in June as BYD DM5.0 PHEVs + Sea Lion 07 deliveries get started https://t.co/fUj1S4RJsh
Tesla still tops the premium vehicle market in China with 13,9k units delivered in the week of May 13-May 19. The 2nd best is BMW with 12,7K unities sold. https://t.co/pasOIgDQpW
Tesla $TSLA China registrations +39% W/W A much needed positive print as we head into several weeks of tough comparisons to round out the quarter. YTD improves from -7% to -4%. https://t.co/GtfZuuinzr
$TSLA China reported 13.8K insurance registrations for the week of May 13 to 19. After 7 weeks, $TSLA 2Q is +16% QoQ and -7% YoY. Sources: @piloly, @Tslachan https://t.co/9Vq2OvDhCj
China EV insurance registrations for week ending May 19: Nio 4,400, Tesla 13,900, BYD 53,600, Xiaomi 2,000 https://t.co/C0wANPqwWL $NIO $TSLA $BYDDY $BYDDF $XIACY $XIACF $XPEV $LI
13,800 Teslas were registered in China last week between May 13-19. This shows that Tesla's latest promotion in China is working. Buyers can choose between 0% interest financing or no down payment.
$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/T5UETdySXb https://t.co/yM67wuopH7
$TSLA 🇨🇳 This is the export sales of automobile brands from January to April in China. - Tesla is in fourth place, exporting about 119k units. https://t.co/zmGPG5QJIK https://t.co/twpQyDgyom