Tesla China Shines With 21,900 Insured Units in a Week, Nearing Record-Breaking Levels

Tesla is continuing its recent hot streak in China, reporting a remarkable 21,900 insured units for the week of December 2-8, 2024. This impressive figure marks one of the highest weekly totals in the last three years, and is just 700 units short of the best week in 2024, showcasing the company’s strong finish to the year.

Breaking down the numbers, 16,760 of the insured units were Model Y vehicles, highlighting the electric SUVs sustained popularity in China. The Model Y has consistently been a best-seller in Tesla’s lineup in China, with its versatile design, cutting-edge features, and competitive pricing attracting a wide range of consumers.

To put this into perspective, the week of December 2-8 significantly outperformed the prior week, which saw 18,600 insured units. It also surpasses the week of October 28 – November 3, when 17,500 units were insured. In fact, the December 2-8 numbers represent the third-highest weekly total for Tesla China over the last three years, highlighting the company’s growth trajectory in the region.

Looking at the broader trend, Tesla China has maintained consistent growth throughout 2024. The best-performing week of the year came earlier when 22,600 insured units were recorded in late September. However, the latest figures suggest Tesla is closing the year on a high note, with demand showing no signs of waning.

Compared to the same week in previous years, Tesla has significantly outpaced its performance. In the same week in 2023 Tesla recorded 15,400 insured units, while in 2022 the number was even lower at 12,977 units.

This strong performance over the last few weeks and months is helping to push Tesla towards its 2024 delivery goal. Tesla is targeting over 515,000 vehicle deliveries globally in Q4 2024, a milestone that would surpass its previous quarterly record of 485,000 deliveries achieved in Q4 2023. If successful, this would also bring Tesla’s total deliveries for 2024 to over 1.8 million, setting a new annual record.