- Tesla sales in China fell to only 3,070 cars last weekThe worst performance since the beginning Q2Driving in low sizes of the new Y. The brand can sell more cars in seven days of major European countries for several months.
The market value between Tesla has a value of $ 1 trillion and its basic basics such as sales and profits in expanding them after the weekly data from China revealed a disturbing direction.
On Tuesday, insurance data indicated that EV sales decreased in Tesla to only 3,070 cars during the week until May 11, a 58 % serial diving, and 69 % less than the same period last year.
Unfortunately to TimingSDAN sales were widely 3 sedan. The fully declines of the new Y, responsible for two -thirds of all Teslas that were delivered all over the world. Only 1,270 cars have been sold, which is the lowest weekly balance since it was sold in late February.
Investors in Tesla examine this high -frequency data since China is the largest market in Tesla, which surpasses the United States. In fact, it is very big, more cars can be sold there for seven days more than a major European country like Germany For several months.
In China, Tesla 3.1K insurance records were reported from 5 to 11 May. 🇨🇳
– Roland Bercher (Peloli) May 13, 2025
The week decreased by 57.9 % from last week and -68.7 % on an annual basis. The quarter is -15.1 % QOQ and -25.3 % on an annual basis. This quarter is -47.9 % versus 24Q3 is the best quarter after 6 weeks. YTD in -5.5 % … pic.twitter.com/f48bvykfme
Weekly numbers tend to be volatile, and when they are seen on their own, noise to distort the primary direction can be. But a closer look shows Tesla’s cumulative sales since The beginning of the second quarter It tracks 25 % less than a comparable period one year ago to the bottom of the first few weeks of the first quarter, which is the weakest in China in a seasonal way.
This decrease began to worry about Tesla fans, who expected a clear improvement now. The basics weaken as the market value in Tesla continues to expand, and to restore a trillion dollar brand on Monday. This leaves stock trading in unanimity profit estimates 110 times for the next year and 167 times for 2025 profits.
“There is something that is definitely happening in China,” wrote Roland Bercher, who regularly publishes international sales data in Tesla.
Musk blames distress: “absent from macro issues, we do not see any discount in demand.”
This can indicate the type of hiccups that Tesla suffered early last year when he struggled with his Fremont factory for change efficiently to the model heights 3 – a problem with display in other words. Another major car company did not try to update in the middle of the session to a car responsible for more than a million cars that were sold all over the world, so there is no historical parallel.
However, during the summons of the first quarter profits at the end of last month, the executives assured the investors that the production rates of the new model Y across all four car factories have already caught on the oldest version, which workers who trained assembly workers on the industrial scale can with the exact pace of the Riotonum.
So if the width is not a problem, this leaves the low interest of customers. Only here Tesla denied any problem, because the test engines have reached record levels in the first quarter.
“In the absence of macro issues, we do not see any reduction in the request,” said Musk. In his opinion, there was nothing but the perpetrator who then blames him – the general distress is not related to the brand or its products. “When there is an economic uncertainty, they generally want to stop buying, and buy a large capital like a car,” he explained.
However, even the local brands EV are much smaller than the industry leader Bydlike NewXPENG, Car and XiaomiAll sales can boast higher. This indicates that they suffer from the ongoing fluctuations around itThe United States and China trade talks.
“There are no new models that finally harm Tesla in China.”
Car site Cargianzina Argue Tesla’s strategic decision to continue selling the same product selection with a periodic touch that no longer simply cut off anymore, regardless of the number of incentives that were added. The customers of the potential Y. who waited to find out what the U updated model will offer a convincing value to purchase a five -year -old vehicle in the end.
Transitions from Chinese brands such as Xpeng G6, ONVO L60, Li Auto L6, World Sealion 7 And Zeekr 7X accelerates the past Tesla as a result.
Last week (May 5-11), the main vehicle insurance numbers in China are as follows.
– Tesla Chan (@Tsleshan) May 13, 2025
– NIO: 3,930 (+13 % Wow)
Tesla: 3,070 (-58 % Wow)
– Xiaomi: 5,180 (-9 % Wow)
– Xpeng: 6,870 (+24 % Wow)
Lee Otto: 8,160 (-28 % Wow)
* It seems that many people are wondering about the decline in Tesla … https://t.co/50hwybrgpc
These local brands are innovative in “China speed“Reducing development courses on new to two to three years to only the standard of six to seven industry. Meanwhile, Tesla never replaced the replacement of one car – so the S model is still the same construction below the release that was launched in 2012.
In comparison, the Chinese EV provides 800 volts charging, that is, the theory faster, such as the Tesla 400V electrical structure, and is loaded with digital contact features. It is often equipped with a much stronger advanced free drivers assistance systems than Autopilot in Tesla, and it also provides a group of good old patriotism as a reward.
“Competition in the Middle Kingdom is simply too much,” Cargianzina He argued on Tuesday. “Chinese buyers do not have the fear of buying Chinese products like their parents, who still remember the 1990s. Lack of new models harm Tesla in China.”
This story was originally shown on Fortune.com
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