Tesla China home gross sales up 7% MoM, down 20% YoY in June 2024

Information from the China Passenger Automotive Affiliation (CPCA) has revealed that Tesla China exported a complete of 11,746 automobiles in June 2024. Contemplating that Tesla China offered 71,007 automobiles wholesale final month, the corporate’s home gross sales for June 2024 are 59,261 items. 

Tesla China’s home car gross sales of 59,261 items characterize a 7% month-over-month enhance from the 55,215 items offered to the native Chinese language market in Could 2024. Additionally they characterize a 20% year-over-year drop from the 74,212 automobiles offered within the home Chinese language market in June 2023. 

CPCA reported 11,746 exports from Giga Shanghai in June. 🇨🇳 pic.twitter.com/biBfSNQF8z

— Roland Pircher (@piloly) July 8, 2024

These outcomes additionally imply that in June 2024, Tesla China’s exports noticed a virtually 40% year-over-year lower from the 19,468 items exported in June 2023. The electrical car maker additionally noticed a 32% month-over-month lower from the 17,358 items that have been exported in Could 2024.

The Tesla Mannequin Y crossover stays the corporate’s ace in China. Among the many 71,007 automobiles that have been offered wholesale in June, 43,951 items have been the Mannequin Y. The reengineered Tesla Mannequin 3 from Giga Shanghai noticed 27,056 gross sales final month, together with exports. Home gross sales figures for the Mannequin Y and Mannequin 3 for June 2024 are but to be launched. The identical is true for Tesla China’s car manufacturing outcomes for the month.

$TSLA 🇨🇳
NEWS: Tesla China’s June retail and export information launched.

It offered 59,261 automobiles in China’s home market, up 7% from Could. Nonetheless, it was down about 20% from YoY. pic.twitter.com/A3QN6J4gui

— Tsla Chan (@Tslachan) July 8, 2024

Business watchers akin to CNEV Publish point out that Tesla China offered a complete of 205,747 automobiles wholesale in Q2 2024, a 16.77% year-over-year and 6.85% quarter-over-quarter lower. Tesla delivered a complete of 443,956 automobiles globally within the second quarter, so it seems that Tesla China accounted for 46% of the corporate’s gross sales throughout Q2 2024.

From Q1 2024 to Q2 2024, Tesla China offered 426,623 automobiles wholesale, a ten.47% year-over-year drop. Contemplating that Tesla CEO Elon Musk continues to be hoping for Tesla to extend its gross sales this yr, Tesla China must be extraordinarily busy and productive in Q3 and This autumn 2024. For context, Tesla delivered a complete of 1,808,561 automobiles in FY 2023. From Q1 to Q2 2024, Tesla’s international car deliveries reached 830,776 items. 

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Tesla China home gross sales up 7% month-over-month, down 20% year-over-year in June 2024