Tesla (TSLA) broke the record in China, leading to a massive win in delivery expectations
Tesla set an impressive new delivery record in China, significantly beating the automaker’s massive delivery forecast last quarter.
When Tesla announced that it had delivered New record 241,300 electric cars In the past quarter, 20,000 more than analysts expected, it was clear that Tesla’s impressive performance in China should have been behind the new record.
CEO Elon Musk basically confirmed this a few days later during a Tesla shareholder meeting when he announced that Gigafactory Shanghai had now overtaken Tesla’s Fremont plant in car production.
But we now have the official numbers confirming Tesla’s performance in China.
The China Passenger Car Association (CPCA) confirmed Tuesday that Tesla China sold 56,006 electric vehicles in September.
This is a new record – beating the one achieved just the previous month.
Of the 56,000 Tesla cars made in China, 4,000 were exported.
In August, Tesla China achieved sales 44,264 electric cars, and in July, the automaker sold 32,968 electric cars from China.
However, most of those sales from August and July were for export to other markets.
In total, 133,238 vehicles or 55% of Tesla’s total global quarterly deliveries came from China, based on registration data from the CPCA.
Tesla’s growth was achieved in China last month while the country’s broader auto market was down 17%.
This is impressive, and shows how important the China market is now for Tesla and electric cars in general.
It’s important to note that Tesla makes cars for export from Gigafactory Shanghai early each quarter, which means domestic sales in China will drop significantly this month and into November.
But it will be interesting to see if Tesla can maintain a similar total production of about 50,000 units per month outside of China during these export months.
As for people trying to gauge demand for Tesla cars in China, you’ll have to wait until December because it will be next month as Tesla focuses on local deliveries.
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