Tesla China sold 52,859 electric vehicles to dealers in China, a rise of 144.7% on a year-on-year basis. This is based on data from the national automotive agency.
While the numbers look great YoY the latest numbers also indicate Tesla’s wholesale volumes declined 2.8% in November on a month-over-month basis.
November sales include 21,127 export units, implying it sold 31,732 electric vehicles in China, as per the CPCA data. Tesla shipped out 40,066 electric vehicles in October.
[NOTE] Tesla MIC Nov sales*— Moneyball (@DKurac) December 8, 2021
China sales: 31,732
*CPCA wholesale numbers include retail+export https://t.co/AFXisBfS86
China’s overall new energy wholesale volumes for passenger vehicles rose 148.1% to 429,000 vehicles on a year-on-year basis and up 131.7% on a year-on-year basis and 18% from October. The bulk of those wholesale volumes were battery electric vehicles at 343,000 units.
Tesla Analyst Gary Black presents the numbers as follows:
$TSLA China Nov sales per CPCA were 52.9K vs 55K-60K expected:— Gary Black (@garyblack00) December 8, 2021
Domestic Sales: 31,732
Domestic sales were a record for a second month of a qtr. Exports were lighter than expected. pic.twitter.com/z40gDdPeFJ
Tesla has been making the Model 3 electric sedan and the Model Y sport-utility vehicles at its Shanghai gigafactory.
Tesla’s Stock dropped 1.3% in pre market Trading after the announcement of the Chinese Sales.