Tesla's Weekly Insurance Registrations Cross 16K In China: '...On Track For Their Best Quarter Ever,' Says Bull Gary Black

Quick Summary:

American EV giant Tesla Inc (NASDAQ:TSLA) reportedly witnessed 16,200 insurance registrations in China last week, marking a jump of 12.5% from the week before, and its third-highest weekly registrations this year, despite increased competition from domestic automakers.

What Happened: For the week of September 2-8, Tesla saw its highest weekly insurance registrations since the third week of June when it witnessed 17,400 registrations, CnEVPost reported.

For the month of August, Tesla sold 63,456 vehicles in China, marking its best month this year, and up 37% from July, according to data from the China Passenger Car Association (CPCA).

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesChina

Topics: US88160R1014 Electric vehicles TSLA Benzinga Tech News EVs Tesla China Mobility Elon Musk Gary Black

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 06:28:35 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 518 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22444182

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