• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 days GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 2 days Even Shell Agrees with Climate Change!
  • 4 days How Far Have We Really Gotten With Alternative Energy
  • 9 days America should go after China but it should be done in a wise way.
  • 5 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 4 days World could get rid of Putin and Russia but nobody is bold enough
  • 7 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

Tesla Set To Break Deliveries Record In China

With the excitement of last week's Cybertruck reveal behind Tesla, attention now turns back to where the rubber meets the road: selling cars.

And in China, at least, it looks as though Tesla's continued strategy of aggressive pricing is still paying off. In fact, Tesla is now on a pace to reach its best ever deliveries number in China, where the market has been saturated with EV competition. 

Last week, Tesla insurance registrations in China reached 17,600, marking a 5.4% increase from the previous week's 16,700, according to Investors Business Daily. This count marks the fifth full week since Tesla started delivering its revamped Model 3 in China.

As the report notes, the data does not differentiate between Model 3 and Model Y registrations, but "so far in Q4 Tesla China insurance registrations, a rough gauge for vehicle deliveries, total 104,500 for the quarter, up more than 3% compared to the same point in Q3," the report notes.

IBD wrote on Tuesday morning that the number marks a 10% rise from Q2, where Tesla set a record of 156,676 vehicles delivered. 

In November, Tesla reported the sale of 82,432 vehicles manufactured in China, a 14.3% rise from October's 72,115, reversing two consecutive months of declining sales, according to data from the China Passenger Car Association (CPCA). 

Tesla also confirmed on Monday that two of its Model 3 versions in the U.S. will no longer qualify for the full $7,500 Inflation Reduction Act (IRA) tax credit. Starting January 1, 2024, the rear-wheel drive and long-range trims of the Model 3 will only be eligible for a $3,750 credit, as stated on Tesla's website.

Recall, the automaker started deliveries of its Cybertruck last week. During Tesla's Cybertruck delivery event last week, Elon Musk showcased once more that the electric truck's 301 stainless steel exoskeleton can withstand 9mm and .45 ACP bullets.

The truck boasts two models, a 600-hp dual-motor AWD model and an 845-hp tri-motor "Cyberbeast" model. As Car and Driver noted, Tesla says "the Cybertruck can tow up to 11,000 pounds and has an estimated driving range of up to 340 miles."

ADVERTISEMENT

By Zerohedge.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • George Doolittle on December 05 2023 said:
    I think what is a huge deal for BEV is how Russia criminal War of Aggression against Ukraine still ramping that up actually now more criminal than ever has created a booming business for repair and sustainment of massive BEV fleet upon all of Europe. If true (just a news report) this could turn say both Great Britain and the Netherlands/Belgium/Atlantic France into massive producers of refined product as Texas GOM already is. The USA is being flooded with Austrian (Stihl) and Swedish (Husqvarna?) chainsaws etc not that the USA doesn't already produce this plus have pure BEV options for (E-Go etc.) Any material loss of home and gardening from internal combustion engine to battery power will reduce both engine demand and gasoline demand quite fantastically in the USA. Ford F150 Hybrid only just now starting to ramp up sales as with Ford pure BEV apparently. Some of these lawnmowers and tractors for home and gardening use getting really big now as well. Same thing is starting to happen in construction equipment too. 3 new Interstate Highways for the USA underway plus a huge Bridge from Ontario Canada over Detroit Michigan and back all are big time game changers to energy and food distribution USA making far more efficient.

    Long Kansas City strong buy

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News