Tesla China has seen their weekly insurance registrations increase for the fourth week in a row, putting them on track to set a new delivery record in the first quarter of 2023.
During the week of March 13 to March 19 a total of 18,712 new Tesla vehicles were insured in the country. This is a nearly 10% increase from the 17,032 vehicles that were insured the week prior, and the highest number of insurance registrations Tesla has recorded so far in 2023.
Tesla MIC weekly insured units
✴️13-19 Mar: 18,712
(一路向北BYD microblog) https://t.co/EFagBnKg94— Moneyball (@MoneybaII_R) March 21, 2023
The strong sales last week have pushed Tesla’s monthly total to close to 50,000, and their annual total in the first almost three months of the year to 106,915 vehicles. With still two weeks to go that puts Tesla on track to break their previous quarterly record from Q4 2022 when 122,038 vehicles were delivered.
Given the increasing numbers of the last few weeks, and the fact that Tesla typically delivers a large number of vehicles in the final weeks of a quarter, that record should be easily broken.
The increase in insurance registrations has followed several price cuts in China towards the end of last year and into 2023, the biggest of which took effect in early January bringing prices to the lowest they have ever been in the country.
Tesla’s numbers over the final two weeks should also get a boost from the Model S and Model X, both of which are expected to begin deliveries before the end of the month. The first shipment of Tesla’s flagship vehicles arrived in the country early in March, and have been sent off to Delivery Centers in Shanghai and other locations around China.
First batch of Tesla Model S and Model X arrive in China ahead of customer deliveries
