Tesla records unprecedented vehicle registrations in China during December
Tesla China has reported a significant surge in insurance registrations for vehicles between December 2 and 29, 2024. According to data compiled by @Tslachan, a reliable source, the company registered 76,552 vehicles during this period, with the week of December 23-29 seeing 18,600 registrations—the third-highest week of the year for Tesla China.
The strong performance in December 2024 is a reflection of Tesla's performance in the Chinese market, the world's largest EV market. This impressive showing could further boost Tesla's overall performance in the Chinese market, contributing to a higher growth rate for Tesla in 2025 compared to 2024.
It's important to note that these figures represent insurance registrations, not the sale of vehicles. However, the high registration numbers indicate consistent demand for Tesla vehicles in the Chinese market.
The fourth quarter of 2024 saw an 8.3% quarter-over-quarter increase for Tesla. Moreover, the same quarter experienced a 13.6% year-over-year increase, underscoring Tesla's steady growth in the Chinese market. As of December 29, 2024, Tesla's year-to-date growth in 2024 is 7.7% compared to 2023, amounting to 656,339 vehicles.
Tesla Inc. itself is responsible for publishing the December 2024 data, typically releasing its sales and production figures directly or through its official China subsidiary. The original source of these data is normally Tesla's official reports or press releases accessible through Tesla's corporate website or authorized financial information platforms.
With two days of data still to be added, Tesla's December results indicate strong market presence and consumer appeal in the competitive EV market. The strong performance in December 2024, if maintained, could contribute to a higher growth rate for Tesla in 2025 compared to 2024.
In conclusion, Tesla China's strong performance in December 2024, particularly in the insurance registrations, is a significant milestone for the company's overall performance in the Chinese market, the world's largest EV market. This performance underscores Tesla's commitment to delivering quality vehicles that meet the demands of the Chinese market.
