Tesla has reported a substantial increase in sales in the Chinese domestic market, marking a significant milestone in the company’s steady growth in the region. According to recent data, Elon Musk’s EV giant recorded 11,300 new insured registrations in China during the week of October 6 to October 12.
Weekly and Yearly Sales Surge
The figure represents a 126% jump in sales for Tesla compared to the previous week, while also denoting a 33% year-over-year (YoY) growth in the region compared to the same period last year. This surge in sales is a positive indicator of Tesla’s performance in the Chinese market.
Quarterly and Year-to-Date Sales
The quarter is currently -5.7% QoQ and +58.4% YoY, with Tesla’s year-to-date (YTD) sales still down 5.0% compared to 2024. However, this week marks the highest week of the quarter so far, showcasing the company’s potential for growth.
Recent Sales Performance
In September, Tesla reported over 71,525 units sold in China, representing a 25% surge in sales for the company in the region. This growth is significant, making September the second-highest monthly tally for Tesla in 2025, behind March when it sold 74,127 units.
European Sales Performance
In contrast, Tesla’s sales in Europe have been declining, with the latest data releasing by Italian authorities suggesting the company’s sales fell more than 25% in the region during September.
Affordable Models and Market Reaction
Tesla’s affordable Model Y and Model 3 trim levels have received mixed reactions from the market. Investors like Gary Black argue that the affordable trim levels won’t sell, as they offer no change for Tesla’s brand leverage in the market. On the other hand, Tesla bull Dan Ives hails the affordable models as the right step towards achieving 500k deliveries every quarter.
Conclusion
Tesla’s recent sales performance in China is a positive indicator of the company’s growth potential in the region. While the affordable models have received mixed reactions, they represent a significant step towards expanding Tesla’s market share. With a favorable price trend in the short, medium, and long term, Tesla continues to be a major player in the EV market.