SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
U.S. Greenlights Nvidia H200 Chip Exports to China With 25% Fee 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
IBM Nears $11 Billion Deal to Acquire Confluent in Major AI and Data Push 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Trump Signs Executive Order to Establish National AI Regulation Standard 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
U.S.-EU Tensions Rise After $140 Million Fine on Elon Musk’s X Platform 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Tesla China registered 15,600 new vehicles for the week ending September 15, 2024, a slight decline from the previous week’s 16,200. This marks the second-highest weekly registrations in Q3, signaling continued strong performance in China’s growing EV market as Tesla aims to surpass its global delivery goals.
Tesla China Registers 15,600 New Vehicles in Mid-September, Recording Q3’s Second-Highest Total
On September 9-15, 2024, Tesla China recorded 15,600 new vehicle registrations, marking a 3.7% decline from the previous week's 16,200 registrations. Teslarati says this decline is a significant indicator of the company's performance.
Tesla does not disclose its weekly sales figures in the domestic Chinese market; however, new vehicle registrations can provide a general understanding of the company's overall performance. Industry observers meticulously monitor these registrations, which is fortunate. Some manufacturers, such as Li Auto, have also taken the initiative to share China's vehicle registration data regularly.
According to Li Auto's most recent data, in the week ending September 15, Tesla China recorded 15,600 registrations. These results represent the second-highest number of new vehicle registrations in Q3 2024. As noted by industry observers after the previous week, Tesla China's year-to-date registrations have increasedby 1.9% year-over-year.
Tesla China’s Q3 Vehicle Registrations Surge, August Sales Hit 2024’s Highest Volume So Far
This quarter, China has experienced significant growth in its local vehicle registrations. Tesla registered 14,400 new vehicles on September 1 and 16,200 new vehicles on the week ending on September 8. In August, Tesla sold 63,456 cars in China, the highest-volume month of 2024 thus far.
Q3 2024 could be a strong quarter for the electric vehicle manufacturer, provided Tesla China maintains its momentum over the next two weeks. This is a positive development for CEO Elon Musk's objective of surpassing Tesla's global deliveries in 2023 this year. In 2023, Tesla delivered a total of 1,808,581 vehicles.
Between Q1 and Q2 2024, Tesla delivered 830,776 vehicles worldwide. Approximately 388,000 cars were sold in China's domestic market between January and August. Tesla's sales in China during the third quarter of 2024 would undoubtedly contribute significantly to the company's achievement of its global deliveries for the fiscal year 2023.
