Tesla

Chinese customers who order a new Tesla vehicle through its official trade-in service before December 3 will have the chance to win a visit to Tesla's Shanghai factory.

Tesla sold fewer China-made vehicles last month, ending a previous three-month streak of sequential gains.

Chinese customers who order the Model 3 now can expect to get deliveries in 2-4 weeks, shorter than the previous 4-6 weeks.

Tesla has extended its 5-year 0 percent interest loan in China until November 30, further renewing the incentive for car purchases that began in April.

Tesla said it expects to achieve slight growth in vehicle deliveries in 2024 despite ongoing macroeconomic conditions.

Tesla said last month that it expected to launch FSD in China in the first quarter of 2025, but people familiar said the rollout progress is not expected to mirror the speed as it planned, according to China Daily.

Tesla is allowing Chinese customers who buy its vehicles on or before December 31 to transfer their original FSD to a new vehicle for free. The last time the window was available was from February 7 to March 31.

In the January-September period, BYD was No. 1 in the NEV market in China with a 34.6 percent share, while Tesla was No. 3 with a 6.5 percent share.

Model Y sales in China reached a new high for the year in September, as Tesla prioritized the Shanghai-built crossover for deliveries to local consumers.

Tesla sold 72,200 vehicles in China in September, bringing third-quarter sales here to 181,883 and contributing 39.29 percent of its global deliveries.