Elon Musk's Tesla Registrations in China Drop 27% Year-Over-Year

Benzinga
2025.08.26 10:03
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Tesla Inc. has seen a 27.5% decline in new insured registrations in China, with 10.3K registrations recorded from August 18 to August 24. Despite year-over-year sales struggles, the quarter shows a 47.9% improvement over the previous quarter. Tesla is introducing new models, including the Model Y L and a long-range Model 3+. In the U.S., Tesla is facing low Model Y inventory and is offering $0 down leases on used Model 3 and Model Y units in California and Texas.