Tesla's China Sales Plummet as Weekly Deliveries Drop Below 10,000 Units

Tesla Inc. has witnessed a decline in sales in the Chinese domestic market, with weekly deliveries dropping below 10,000 units. This downturn is part of a larger trend of sluggish sales in North America and Europe.

Key Statistics

  • 9.9k new insured registrations in China during the week of July 14 to July 20
  • Sales declined 19.3% compared to the previous week
  • Sales are down 4.3% year-over-year, despite being up 72.2% quarter-over-quarter

Impact on the Company

The decline in sales follows a period of challenges for Tesla, including:

  • A 12% drop in sales in the US during Q2
  • High-profile exits from the company, including Troy Jones, who led the Tesla sales team for over a decade
  • The appointment of Raj Jegannathan, a senior IT executive, to head sales

Tesla’s Focus on China

Despite the decline in sales, Tesla is doubling down on the Chinese market. The company has:

  • Registered the Model 3+ trim with over 500 miles of range on a single charge
  • Reached the 3 million worldwide sales mark for the Model 3

What’s Next for Tesla?

As the company navigates this challenging period, it will be important to watch for:

  • How Tesla responds to declining sales in China and other markets
  • The impact of new model releases and features on sales
  • The company’s overall strategy for growth and expansion in the EV market