Tesla Model 3 wait time in China gets slightly longer, Model Y unchanged

Model 3 wait time went from 1-4 weeks to 2-4 weeks, Model Y remains unchanged at 1-3 weeks.

Tesla Model 3 wait time in China gets slightly longer, Model Y unchanged
(A Tesla Model 3 Performance on display at the new energy vehicle show in Shanghai in early June 2024. Image credit: CnEVPost)

The wait time for Tesla's (NASDAQ: TSLA) Model 3 sedan has gotten slightly longer in China, after dropping to an all-time low earlier this month.

The latest delivery wait times for all three variants of the Model 3 are 2-4 weeks, up from 1-4 weeks previously, according to CnEVPost's daily monitoring of Tesla's China website.

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The latest delivery wait times for all three variants of the Model Y crossover are unchanged and remain at1-3 weeks. The expected delivery dates for both the Model S and Model X, which are not produced locally in China, are in the fourth quarter, also as before.

Model 3 delivery wait times were last changed on July 4, when they were shortened from 1-6 weeks to 1-4 weeks, and Model Y wait times were shortened from 1-6 weeks to 1-3 weeks.

The last change on July 4 reduced Model 3 and Model Y wait times in China to an all-time low. The previous record was they both saw wait times reduced to 1-4 weeks on December 26, 2022.

Tesla has a factory in Shanghai that currently has an annual production capacity of more than 950,000 vehicles, its largest in the world.

The factory produces the Model 3 and Model Y and not only delivers to local consumers, but is also an export hub for Tesla.

The Model 3 is currently offered in three variants in China -- an entry-level rear-wheel-drive version, a long-range all-wheel-drive version, and an all-wheel-drive performance version -- with starting prices of RMB 231,900 ($31,870), RMB 271,900, and RMB 335,900, respectively.

The Model Y is also currently available in China in three variants -- an entry-level rear-wheel drive version, a long-range all-wheel drive version, and an all-wheel drive performance version -- with starting prices of RMB 249,900, RMB 290,900, and RMB 354,900, respectively.

Tesla's retail sales in China in June were 59,261 vehicles, down 20.15 percent year-on-year, but up 7.33 percent from May, according to data released on July 8 by the China Passenger Car Association (CPCA).

In the first half of the year, Tesla sold 278,317 vehicles in China, down 5.37 percent year-on-year.

The Model 3 sold 70,500 units in China in the first half of the year, and the Model Y was 207,817, contributing 25.33 percent and 74.67 percent of Tesla's sales in China, respectively, data compiled by CnEVPost showed.

Multiple state-owned enterprises in Shanghai have purchased Tesla Model Ys as part of the city's efforts to optimize business environment and demonstrate equal treatment for domestic and foreign companies.
Jul 5, 2024
Tesla Model 3 wait time in China gets slightly longer, Model Y unchanged
( Screenshots of Tesla China's website on July 11, 2024.)

($1 = RMB 7.2761)

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