Tesla achieved record electric vehicle (EV) sales in China last month, with December figures reaching approximately 83,000 units, a 12.8% increase from November, the automaker announced. The surge in China sales contributed to Tesla’s best-ever fourth-quarter performance, though global deliveries fell short of Wall Street expectations.
In 2024, Tesla sold about 657,000 vehicles in China, marking an 8.8% year-on-year increase and setting a new annual sales record for the country. The December estimate, calculated at around 82,896 units, underscores the automaker’s strong foothold in the world’s largest EV market. Final detailed figures are expected to be released by the China Passenger Car Association (CPCA) soon.
China accounted for 40% of Tesla’s global fourth-quarter deliveries, with approximately 196,900 vehicles sold, up 16% from the same period in 2023.
Tesla delivered 495,570 vehicles globally in the fourth quarter of 2024, a 2.28% increase from the 484,507 units delivered in Q4 2023. Despite this growth, deliveries fell short of analysts’ estimates of 512,277 units.
For the full year, Tesla delivered 1,789,226 vehicles worldwide, representing a slight decline of 1.07% compared to 1,808,581 deliveries in 2023. This marks Tesla’s first annual delivery drop in over a decade, reflecting increased competition and evolving market dynamics.
China continues to be a critical market for Tesla, contributing 37% of the automaker’s global deliveries in 2024. The growth underscores the importance of Tesla’s Shanghai Gigafactory, which has played a pivotal role in meeting demand for the company’s Model 3 and Model Y vehicles in the region.
