tesla china sees estimated 11,670 insured units in december’s first week

Recent estimates from China suggest that Tesla has seen insurance registrations of 11,670 units during the first week of December. The number is roughly in line with the expectations of TSLA bulls who are closely following the company.

From November 28 to December 2022, China’s NEV sales based on insurance registrations were estimated at 129,000 units. That’s up 36.7% year-over-year and up 5% from the previous week, according to estimates from industry watchers in China.

Tesla China Weekly Insured Units (Week 48): 11,670This number is in-line with @TroyTeslike's expectation of ~12K. I charted today's released number against all previous weeks of the second half of this year.📊: Tesla China Weekly Insured Units: H2 2022 pic.twitter.com/nsCoYWJZaF

— Mathias Føns (@FonsDK) December 6, 2022

Estimates also suggest that China’s overall vehicle sales were at 387,000 for the week. From this number, internal combustion engine-powered cars were estimated to account for 258,000 units. BYD and Tesla saw strong sales during the week, with 40,243 and 11,670 units registered, as per a report from CNEV Post.

While 11,670 units is a step down from the insurance registrations from the fourth week of November, which stood at over 16,000 units, it is an improvement from the first week of the previous month. For context, Tesla China saw insurance registrations of 11,195 vehicles in the first week of November.

New weekly Tesla China car insurance data is expected to be released in 10-12 hours.• 12K would be as expected• 14K would be very good• 16K would be excellentHere is what happened so far in Q4: pic.twitter.com/qWV4M7pQlv

— Troy Teslike (@TroyTeslike) December 5, 2022

Tesla bulls have responded positively to the update from China, with noted EV watcher @TroyTeslike noting that insurance registrations of about 12,000 units in the first week of December would be in line with expectations. Tesla China’s sales may see a surge in the following weeks, however, especially as the country eases up on its Covid restrictions.

Tesla China’s December numbers would have to be record-breaking for them to exceed expectations since the electric vehicle maker sold a record 100,291 domestically-made cars in November. With such results, Cui Dongshu, the secretary-general of the China Passenger Car Association (CPCA), estimated that Tesla China’s annual sales for the year could hit about 750,000 on its own.

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

Keyword: Tesla China sees estimated 11,670 insured units in December’s first week

CAR'S NEWS RELATED

Even Low-Milage Teslas Are Often Too Expensive to Fix

NEW YORK, NY – AUGUST 27: Tesla vehicles stand outside of a Brooklyn showroom and service center on August 27, 2018 in New York City. The electric automaker saw its stock drop on Monday after its Chief Executive Elon Musk reversed his plans to make the Silicon Valley company ...

View more: Even Low-Milage Teslas Are Often Too Expensive to Fix

Tesla considering plant near Mexico City's new airport, Mexican official says

MEXICO CITY, Jan 31 (Reuters) – Electric carmaker Tesla Inc (TSLA.O) is considering setting up an assembly plant near a new Mexico City airport, which would serve as an export hub for the firm, Mexican presidential spokesman Jesus Ramirez said. Ramirez said that Tesla could put a plant at ...

View more: Tesla considering plant near Mexico City's new airport, Mexican official says

Volkswagen Won’t Cut Its EV Prices to Match Tesla

No price cuts here. Photo: VW Everything seems to be getting really, really expensive these days, except for Teslas as the company has been slashing prices for its EVs all over the world in recent weeks. But, while Ford clamored to follow Tesla down the price-cutting rabbit hole, German automaker ...

View more: Volkswagen Won’t Cut Its EV Prices to Match Tesla

Tesla Model S/X Get Fresh $3K Discount Or Free Supercharging In US

The discount is on top of the significant price cuts announced earlier this month, but only for buyers who trade in their older Teslas.

View more: Tesla Model S/X Get Fresh $3K Discount Or Free Supercharging In US

Tesla grows headcount to new record despite waves of layoffs

Tesla confirmed that it grew its headcount by 29,000 employees last year despite waves of layoffs in 2022. 2022 has been a tough year for Tesla employees. They faced waves of layoffs and the stock price plummeted which negatively affected their stock options, which are an important part of ...

View more: Tesla grows headcount to new record despite waves of layoffs

GM buys stake in lithium mining company to meet future EV demand

General Motors (GM) announced today that it would make an equity investment of $650 million with Lithium Americas to extract lithium at the Thackers Pass mine in Nevada. GM has set a renewed and aggressive EV production goal by introducing its first EV models following the Chevrolet Bolt, Bolt EUV, ...

View more: GM buys stake in lithium mining company to meet future EV demand

Tesla no longer has ‘long-term belief’ in crypto, details $200M Bitcoin loss

Tesla may be backtracking on its belief in the long-term benefits of investing in Bitcoin after losing over $200 million on the investment last year. The language that has appeared in past 10-K documents filed by the automaker that seems to show a bullish attitude toward investing in cryptocurrencies ...

View more: Tesla no longer has ‘long-term belief’ in crypto, details $200M Bitcoin loss

Tesla's Price Cuts Have Riled Its Newest Customers

Photo: Allison Dinner (Getty Images) If you’re new to the Tesla family there’s a good chance you’re angry, General Motors capped last year strong and Mazda wants you to know that the Miata will be with us until the end of time, as true love always is. All that ...

View more: Tesla's Price Cuts Have Riled Its Newest Customers

Volkswagen Group CEO: No Plan To Cut Prices To Follow Tesla

Superchargers opened to third parties in Australia

Tesla still holds Bitcoin, but also took a $200 million loss because of it

Report: LGES May Supply Tesla With Batteries From Arizona

Tesla employee headcount balloons in 2022, countering tech sector layoffs

Tesla is planning to increase its capital expenditures over the next 2 years

U.S. Justice Department asks Tesla for documents on driver assist systems

BMW recalls over 3,000 EVs for faulty pedestrian noisemaker

Tesla installs heavy-duty Sacmi machines at Gigafactory Texas’ cathode building

Tesla raises spending plan as it looks to ramp up production

Tesla opens its Supercharger to non-Tesla EVs in Australia

Tesla driver suspected of driving off cliff pinned by wife’s statement, witnesses, and videos

OTHER CAR NEWS

; Kênh kiến thức kỹ năng, phát triển bản thân, hướng nghiệp, blog nhân sự