Tesla’s wholesale sales figures for the Chinese market have shown a notable increase, with 69,129 Model 3 and Model Y units sold in January. This represents a 9.32% year-over-year growth, although sales have declined by 28.9% compared to the previous month.
Sales Figures and Trends
The sales data, which includes both domestic sales in China and exports, showcases Tesla’s resilience in the face of global declines. However, the company is struggling to boost demand in multiple European markets, with sales in France falling by over 42% last month to 661 units, the lowest in more than three years. Additionally, Tesla’s registrations in Norway have dropped by almost 90% over the same period.
European Market Performance
In the overall European market, Tesla recorded 35,280 sales in December, a 20.2% year-over-year decline from the 44,190 units sold during the same period in the previous year. This decline highlights the challenges Tesla is facing in maintaining its sales momentum in the region.
New Model Releases and Discontinuations
Meanwhile, Tesla has unveiled a new trim level of the Model Y crossover SUV, dubbed the Model Y AWD, available at a retail price of $41,990 with an EPA-certified range of 294 miles on a single charge. However, this new release coincides with the announcement of the phasing out of the premium Model S and Model X units from Tesla’s lineup, as confirmed by CEO Elon Musk during the company’s Q4 earnings call.
Future Plans and Initiatives
The move to discontinue the Model S and Model X is aimed at boosting Tesla’s Optimus exploits, which Musk believes can help humanity build civilizations on other planets in the future. The company is touting the Optimus robot as a von Neumann machine, highlighting its potential for autonomous development and growth.
Market Performance and Outlook
Tesla’s stock has declined by 0.53% to $419.74 during pre-market trading, despite the company’s favorable price trend in the long term. The Benzinga Edge Rankings show that Tesla scores well on the Momentum metric, indicating a positive outlook for the company’s future performance.