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Considering that Tesla China is estimated to have seen 16,400 vehicle registrations in the week prior, it would appear the electric vehicle maker saw an 11.5% drop in sales week over week. However, this past week also included sightings of a substantial Tesla fleet in the Shanghai South Port reportedly intended to be exported to Canada.
Despite a decrease in vehicle registrations last week, Tesla China is poised to achieve remarkable results for the second quarter of 2023. The China Passenger Car Association (CPCA) reported that Tesla sold an impressive 77,695 units in May. Taking into account Tesla China’s performance thus far in June, it is highly likely that the company will achieve an impressive number of vehicle sales this month.
Shares of TSLA are up 3.90% in afternoon trading on Tuesday.
