<div id="readability-page-1"><div><div><p><strong>Tesla Inc.</strong> <span>TSLA</span> sales in China experienced a 4.5% surge for the week of August 11 to 17, as the automaker struggles with declining sales globally.</p><h2>60% Growth Over Last Quarter Despite YoY Decline</h2><p>The company recorded 14k new insured registrations in China, a 60% surge compared to the previous quarter for Tesla, data shared by influencer Roland Pircher on social media platform X showed on Tuesday.</p><p>The week from August 11 to August 17 was also the highest week of the quarter so far, sales-wise, the post said. However, despite the improvements over the last week and quarter, sales are still down 9.5% YoY and 5.9% Year-To-Date (YTD).</p><h2>Tesla Releases Model Y L, Model 3+ In China</h2><p>The news comes as Tesla released the Model Y L, a 6-seater version of the Model Y SUV in China, retailing for around 339,000 RMB or $47,184. The Model Y L will offer a CLTC range of 467 miles on a single charge.</p><p>Tesla is also releasing a long-range version of the Model 3 sedan named Model 3+ with about 500 miles of range on a single charge.</p><h2>Tesla Sales Decline Globally, Norway Sales Defy Slump</h2><p>Elsewhere, Tesla sales have declined in multiple countries across the globe, with sales in the UK dropping 60% in July, delivering over 987 units in the country. However, Norway defied the global slump, registering a 24% surge in the country for the first half of the year as Tesla sold over 13,039 units.</p><p>Tesla scores well on Momentum and Growth metrics, while offering satisfactory Quality, but 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><em>.</em></p><ul> <li>Tesla Insiders Have Unloaded More Than 50% Equity In Elon Musk’s EV Giant Over The Last Year: Report</li> </ul><p><em>Photo courtesy: Ken Wolter / Shutterstock.com</em></p></div></div></div>

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<p>Tesla Inc. recorded 14,000 new insured registrations in China from August 11 to 17, marking a 60% increase over the previous quarter, despite a 9.5% year-over-year decline in sales. The surge coincides with the launch of the Model Y L and Model 3+ in China. Globally, Tesla faces declining sales, with a notable 60% drop in the UK, while Norway saw a 24% increase in sales for the first half of the year. Tesla's performance metrics indicate strong momentum and growth but poor value.</p>

- Tesla Inc. TSLA reported a 4.5% increase in sales in China for the week of August 11 to 17, despite a 9.5% year-over-year decline.  
- The company introduced the Model Y L and Model 3+ in China, aiming to boost sales with new offerings.  
- While sales in China showed improvement, global sales have decreased significantly, with a 60% drop in the UK in July, contrasting with a 24% increase in Norway.  

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Tesla Records 14K New Insured Registrations In China From August 11 To 17 — 60% Surge Over Last Quarter