Tesla appears to have set a new quarterly delivery record in China after the release of this week’s insurance registration data. The unofficial record has been set with still five days to go in the month and quarter, leaving room for Tesla to grow the record even further.
According to data for March 20 through 26, Tesla insurance registrations totaled 15,886 for the fourth week of the month. This is lower than the previous week, which saw 18,712 registrations between March 13 and March 19, but it is the second highest number of registrations since the week of November 28 to December 4.
However, it is enough to put Tesla’s Q1 total at over 126,000 vehicles, well clear of the previous quarterly record set in Q3 2022 when over 122,000 vehicles were delivered. Insurance registrations are used as a proxy until the official sales numbers are reported by the China Passenger Car Association (CPCA), so the final numbers may look a little different.
Given the pace of deliveries over the last few weeks, Tesla could gain another 9,000 to 10,000 registrations over the final five days of the month. If this happens Tesla will end the quarter with around 135,000 registrations and break the previous record from Q3 2022 by about 14,000 registrations.
This number is a definite possibility considering Tesla just started deliveries of the Model S and Model X in China this week, which will help bolster the numbers even further.
Whatever happens over the final five days of the month it won’t be enough to set a new monthly delivery record. Through the first four weeks of March Tesla has accumulated around 65,000 registrations, and when you add in the potential of another 10,000, that would put March 2023 at around 75,000 registrations. Tesla’s all-time best delivery month was November 2022 when 100,291 new Model 3 and Model Y cars were delivered.
