Tesla Sales Jump 126% As Elon Musk's EV Giant Reports 11.3k New Insured Registrations In China

Benzinga

Tesla’s China sales jumped 126% week-over-week to 11,300 registrations, up 33% year-over-year. Analyst Dan Ives backed new Model Y and 3 trims as key to hitting 500K deliveries, though some view pricing as too narrow.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Tesla reported a sharp rise in Chinese sales with 11,300 new insured registrations between

00:07October 6th and 12th, according to data shared by Roland Percher.

00:10The figure marks a 126% increase from the previous week with a 33% gain year-over-year.

00:16Percher said Tesla's sales are down 5.7% quarter-over-quarter, but up 58.4% year-over-year.

00:22The year-date sale is still 5% lower than 2024, yet marking the best week of the quarter.

00:27The automaker sold over 71,525 vehicles in China in September, second-highest month of

00:332025, trailing only March.

00:35Tesla's new affordable Model Y and Model 3 trims have drawn mixed reactions.

00:40Some investors argue they don't enhance the company's brand leverage.

00:43Analyst Dan Ives supported the move as a path to reaching 500,000 quarter-year deliveries,

00:48criticized the pricing for being too close to existing models.

00:51For all things money, visit Benzinga.com.

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