Tesla sold 15,350 vehicles in China last week — its strongest weekly sales of the third quarter, marking the second week in a row it set a new high in the country.
Sequentially, sales grew 7.3%. However, sales year to date are still down by 7% when compared to the same period a year ago.
The EV maker recently launched in China the Model Y L, with a six-seat configuration, and the Model 3+, which offers the sedan’s longest range to date.
Registrations of the US brand in China have been increasing since mid-July, having experienced its first drop in five weeks from August 18 to 24, from which it recovered in the past two weeks.
By the end of August, cumulative domestic sales of the Tesla Model Y reached 241,700 vehicles, down 16.5% from a year ago.
Despite that, July and August deliveries of the SUV have declined year over year.
The only two months of growth compared to 2024 were March and June — the ending months of each respective quarter.
From the total vehicles sold last week, 9,460 were Model Ys and 4,860 were Model 3s.
Tesla started deliveries of the six-seater Model Y L in the beginning of September. Last week, 1,030 units were registered in China.
Orders for the model opened in mid-August, at a starting price of 339,000 yuan ($47,550).
October availability for the model has sold out across China last week. As of Tuesday, and according to Tesla’s website, orders placed are expected to be delivered in November.
According to CEO Elon Musk on X, the model will not be produced in the US until late 2026, “might not ever.”
The three-row SUV features a top speed of 201 km/h and has a range of 830 km, as does the most recent variant of the Model 3, with the longest range yet, for which Tesla has already cut prices in China.
Down by 10,000 yuan, the model now costs 259,500 yuan ($36,400).
Sales of the sedan in China have recovered through August and surpassed its main competitor, the Xiaomi SU7, for the first time since the beginning of 2025.
In the past five weeks, the two models have been successively outperforming each other in weekly sales.
Xiaomi sold 5,170 SU7s and 4,620 YU7 SUVs from September 8 to 14, ranking fifth among new energy vehicle (NEV) brands in the country.
Sales of NEVs are led by BYD, which sells both hybrid and fully electric models. The brand registered 64,800 vehicles in the second week of September. It was followed by Geely‘s Galaxy, which listed 25,200 units.
On Monday, Tesla’s CEO Elon Musk disclosed with the SEC that he bought 2.5 million Tesla shares — the first time he does since February 2020.
The purchases add to his indirect ownership, which now totals roughly 413 million shares, the document shows.
Last week, Tesla‘s shares have jumped over 6% on Thursday and an additional 6% on Friday, closing at $395.94.
Following the news, the stock has surged over 7% to $422 during Monday’s trading session, closing 3.6% higher at $410.
As of Tuesday, on the pre-market session, the EV maker is trading 2.4% higher at $420.
In North America — both in the US and Canada — Tesla is raising its vehicle warranty to 7 years or 70,000 miles (110,000 km).
The new warranty applies to both flagship models, the Model S and Model X, and the best-selling Model 3 and Model Y.
The Cybertruck is not included. Tesla has further discontinued production of the truck’s cheapest trim.
