Why New Tesla Model 3 Launch Could Change Everything!

Tesla Model 3 Launch : In a recent update from the China Passenger Car Association (CPCA), it was disclosed that Tesla China witnessed a decline in sales for September, with 74,073 Giga Shanghai-made vehicles finding homes. This marks a 10.9% drop from the 83,135 units sold in the same month last year. The decline was more pronounced when compared to August, which saw sales of 84,159 vehicles – an 11.98% month-over-month decline.

These figures encompass both vehicles sold domestically and those exported to foreign markets, underscoring Tesla’s global reach.

Strong Q3 Performance Amidst September Dip

Despite the dip in September sales, Tesla’s performance in the third quarter of 2023 remains robust. The company reported the sale of 222,517 vehicles made in China, an impressive 18.16% increase year-over-year. Notably, these figures account for over half (51.15%) of Tesla’s total global deliveries.

For a broader context, Tesla achieved global deliveries of 435,059 vehicles in Q3 2023, marking a substantial 26.53% increase from the previous year. However, this number saw a modest 6.67% dip from the preceding quarter. Manufacturing-wise, Tesla produced 430,488 vehicles in the same period, indicating a tightly aligned production and delivery strategy.

Impressive Year-to-Date Growth

Zooming out to a year-to-date perspective, Tesla China’s performance in 2023 is undeniably striking. Industry analysts report that the company sold a staggering 699,056 Giga Shanghai-manufactured vehicles from January through September. This equates to a remarkable 44.71% year-over-year surge, showcasing Tesla’s unwavering dominance in the Chinese electric vehicle market.

Tesla Model 3 Absence and Anticipated Revival

A notable factor contributing to the September sales dip was the temporary absence of the Tesla Model 3 sedan from Tesla China’s offerings. While the Model Y crossover has overtaken the Tesla Model 3 in popularity, the latter still holds a significant share of Tesla’s sales in China. Notably, Tesla initiated pre-sales for the new Tesla Model 3 in China, with a starting price of 259,900 yuan ($35,600). However, consumer deliveries are yet to commence.

With the impending launch of the new Tesla Model 3, both in China and in other markets where the vehicle is available, it is anticipated that Tesla China’s sales will witness a substantial upturn. The new model’s introduction is scheduled for the fourth quarter of this year, promising an injection of momentum into Tesla’s sales figures.

Aim for a Global Milestone

Looking ahead, Tesla is gearing up for an aggressive push in the fourth quarter, aligning with their ambitious goal of achieving a worldwide delivery milestone of 1.8 million cars in 2023. This fervent pursuit of excellence underscores Tesla’s unyielding commitment to revolutionizing the electric vehicle industry.

Conclusion

While September’s sales figures for Tesla China may indicate a temporary setback, the broader context of the third quarter and year-to-date performance paints a picture of enduring success. The introduction of the new Tesla Model 3, combined with Tesla’s global aspirations, sets the stage for an exciting final quarter in 2023.

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SOURCE : TESLARATI

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