<div id="readability-page-1"><div><div><p><strong>Tesla Inc.</strong> <span>TSLA</span> recorded a 12% YoY drop in its Chinese sales for the week of July 28 to August 3, despite recording quarterly growth in registrations in China.</p><p><em>Check out the latest price of</em><em> </em><em>Tesla stock here</em><em>.</em></p><h2>Tesla Records 46% Quarterly Growth In China</h2><p>The EV giant recorded 11k new insured registrations in China, indicating a 3.3% surge from the previous week, influencer <strong>Roland Pircher</strong> shared data in a post on X on Monday.</p><p>&#34;The quarter is -10.2% vs. 24Q3 the best quarter after 5 weeks,&#34; Pircher said in the post before adding that YTD sales were down 5.7% compared to the same period last year, and that it was the second highest week of this quarter.</p><h2>Elon Musk's New Compensation Package</h2><p>The news comes as the board of directors announced a new compensation package for CEO <strong>Elon Musk</strong>, awarding the billionaire with 96 million shares in the company, totaling around $29 billion.</p><p>The package is the board's attempt to compensate Musk since the previously approved $56 billion package was overruled by a court in Delaware in 2024.</p><h2>Tesla's Global Sales Are Shrinking</h2><p>The company's sales have experienced a sharp decline in the U.S., where California reported a 21% fall in sales despite Model 3 and Model Y being the best-selling EVs.</p><p>Tesla's European figures are dwindling too, with sales in Sweden, Denmark and France falling for the seventh consecutive month and could pose a challenge for the automaker's plans in the future.</p><p>Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for Benzinga Edge Stock Rankings today!</p><p><em>Check out more of Benzinga’s Future Of Mobility coverage by</em><em> following this link.</em></p><ul> <li>Ross Gerber Slams Tesla Over Robotaxi’s ‘Wild Exaggerations,’ Calls Supervised FSD An ‘Oxymoron‘</li> </ul><p><em>Photo courtesy: VTT Studio / Shutterstock.com</em></p></div></div></div>

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<p>Tesla Inc. reported a 12% year-over-year decline in weekly sales in China for the week of July 28 to August 3, despite a 46% increase in quarterly registrations. The company recorded 11,000 new insured registrations, marking a 3.3% rise from the previous week. Year-to-date sales are down 5.7%. Additionally, CEO Elon Musk has been awarded a new compensation package of 96 million shares, valued at approximately $29 billion. Tesla's sales are also declining in the U.S. and Europe, posing future challenges.</p>

- Tesla Inc. recorded a 12% year-over-year drop in Chinese sales for the week of July 28 to August 3, despite a quarterly growth in registrations.  
- The company reported 11,000 new insured registrations in China, marking a 3.3% increase from the previous week, but year-to-date sales are down 5.7%.  
- Additionally, Tesla's global sales are declining, with a 21% drop in California and continued decreases in European markets, posing future challenges for the automaker.  

Elon Musk's Tesla Slips in China: Weekly Sales Down 12%, But Q2 Still Up 46%